How to Apply for Private Limited Company in India
Applying for a private limited company in India can be an exciting and rewarding process. The benefits of having a private limited company are numerous, including limited liability, corporate tax benefits, and easy access to funding. If you are considering starting a business in India, this blog post will guide you through the process of applying for a private limited company.
Step 1: Obtain Digital Signature Certificate (DSC)
Before applying for a private limited company, you need to obtain a Digital Signature Certificate (DSC). Digital signature used sign electronic forms. Obtain DSC one certifying authorities India, eMudhra Sify.
Step 2: Obtain Director Identification Number (DIN)
Once you have obtained a DSC, you need to obtain a Director Identification Number (DIN). This is a unique identification number assigned to an individual who wishes to become a director of a company in India. Apply DIN Ministry Corporate Affairs website.
Step 3: Register on MCA Portal
After obtaining DSC and DIN, you need to register on the Ministry of Corporate Affairs (MCA) portal. Where submit application private limited company. You will need to create a user account and provide details about the proposed company, directors, and shareholders.
Step 4: SPICe+ Form
Once registered on the MCA portal, you can file the SPICe+ Form for incorporating a company. Form includes about company, directors, office, details. Important carefully fill form errors lead delays application process.
Step 5: Obtain Certificate of Incorporation
After the SPICe+ Form is filed and approved, you will receive the Certificate of Incorporation. This document officially registers your company as a private limited company in India. It includes details such as the company name, registration number, and date of incorporation.
Starting a private limited company in India is an exciting venture that can open up a world of opportunities. By following the steps outlined in this blog post, you can successfully apply for a private limited company and start your journey as an entrepreneur in India.
Legal Contract for Applying for Private Limited Company in India
In with laws regulations Companies Act, 2013 relevant provisions Indian system, contract sets terms conditions applying private limited company India.
Clause | Description |
---|---|
1 | Applicant agrees comply all statutory procedural formalities prescribed Companies Act, 2013 relevant laws regulations. |
2 | Applicant submit necessary but limited memorandum association, articles association, relevant incorporation documents required law. |
3 | Upon approval of the application, the Applicant agrees to adhere to the restrictions and obligations imposed on private limited companies as specified under the Companies Act, 2013. |
4 | The acknowledges agrees false misleading provided application process result rejection application potential legal consequences. |
5 | Any arising out connection contract subject jurisdiction courts India. |
By signing below, Applicant bound terms conditions contract.
Date: ____________________
Applicant`s Signature: ____________________
Applying for Private Limited Company in India: Your Top 10 Legal Questions Answered
Question | Answer |
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1. Are basic for applying private limited company India? | To form a private limited company in India, you need a minimum of 2 directors, a unique name for your company, a registered office address, and a minimum paid-up capital of INR 1 Lakh. Name must end “Private Limited.” |
2. Can check availability company name? | You can use the Ministry of Corporate Affairs` website to check if your desired company name is available. It`s a crucial step, as your company name should not be identical or similar to any existing company`s name. |
3. What is the process for obtaining a Director Identification Number (DIN)? | To obtain DIN, need fill Form DIR-3 MCA portal provide required such identity proof address proof. Once approved, you will receive your unique DIN. |
4. How do I apply for a Digital Signature Certificate (DSC)? | To apply for a DSC, you can approach Certifying Authorities authorized by the MCA. Need submit necessary complete verification process obtain DSC. |
5. Are steps registering company MCA portal? | After obtaining your DIN and DSC, you can proceed with filing the Integrated Incorporation Form (INC-32) along with the required documents and fees on the MCA portal. Once approved, you will receive a Certificate of Incorporation. |
6. What are the compliance requirements after incorporation of a private limited company? | After incorporation, you`ll need to obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company. You`ll also need to maintain proper books of accounts and comply with statutory audit and annual filing requirements. |
7. A national be director private limited company India? | Can a foreign national be a director in a private limited company in India?. However, at least one director of the company must be a resident in India. |
8. Are restrictions name private limited company India? | The name of a private limited company must not be offensive, violate any existing trademarks, or be similar to any existing company or LLP name. It must also reflect the nature of business activities. |
9. Are there any restrictions on the objects of a private limited company in India? | Yes, the objects of a private limited company must be lawful and not include any activities prohibited by law. Additionally, the main objects must be stated in the Memorandum of Association. |
10. How long does it take to complete the entire process of incorporating a private limited company in India? | The entire process of incorporating a private limited company in India typically takes around 15-20 days, subject to the availability of all necessary documents and timely approvals from the authorities. |