If you are looking for details of Steps involved in the formation of a private Limited company, you are at the right post. The post will give you step by step procedure of How to Form a Private Limited Company in India.
Step 1: Acquiring a Digital Signature Certificate (DSC)
The first step you need to take is to get the Digital Signature Certificate or DSC for the directors entailed in the private limited company. If you want Digital Signature Certificate, you should make contact with Certifying Authorities (CAs) with original supporting documents and Xerox of original supporting documents with self-attestation. The Information Technology Act, 2000 has the provisions of using the DSC signing on the papers presented the e-form to make sure the safety and legitimacy of the document filed electronically. The completion of the total process needs 1 to 3 days.
Step 2: Complete the process of filing of SPICe INC-32, MOA & AOA
After completing the registration process of DSC, you require to validate your company name on the MCA portal. Please note that your company name should not be registered and should not be taken. In the MCA portal, you can check your company name. After that, you need to reserve a unique name in the portal where you can also see whether your company name is available or not. You have to pay Rs. 1000 for the process. In case, you need to resubmit, you need to pay Rs. 1000 again.
Step 3: Issuing of Incorporation Certificate
You need to file through SPICe INCE -32 form which is needed for Incorporating Company electronically with eMoA (INC-33), eAOA (INC-34). However, for most of the companies, only SPICe INC-32 is enough. You can resubmit the process twice. The completion of the total process of step 2 and step 3 needs 7 to 9 days.
Step 4: Complete PAN & TAN Applications by Ministry Of Corporate Affairs
After completion of the first three options, you will get approval from the Memorandum of Association and Articles of Association. Then, you can receive your incorporation certificate where the date of incorporation will be mentioned. At the same time, you will get the PAN number of your company.’ The completion of the total process needs 1 to 5 days.
Step 5: Fill PAN and TAN application
After receiving the incorporation certificate, you will get PAN and TAN application from Ministry Of Corporate Affairs or MCA. This is the final process of registering a Private Limited Company in India. The completion of the total process needs 1 to 3 days.
The total Company incorporation procedure in India will be completed in around 15 days. However, the completion time of the process can be longer which is subjected to document verification by MCA and the processing time. You can register a private limited company in India at your residential address too. In that case, a utility bill copy of the same will be required. Hope, you have understood the process of how to incorporate a private limited company in India. In case, if you have more queries, please feel free to ask in the comment section. We will try to help you as early as possible.