Private company registration, formation and incorporation in India.

Private limited companies are such types of companies, which are not allowed to raise funds from public. They can raise funds from family members, and friends circle. Thus, they can not issue shares and debentures to general public. Private limited company can be either formed by one person or two person. Private company formed by one person is called as “One person Company”. One person company can do business upto turnover of Rs. 2 crores, after that it has mandatorily converted to normal one person company.

 

Private company registration, formation, incorporation procedure in India

Minimum requirements:
• Minimum 2 Shareholders• Minimum 2 Directors• The directors and shareholders can be same person

• Minimum Share Capital shall be Rs. 100,000 (INR One Lac)

• DIN (Director Identification Number) for all the Directors

• DSC (Digital Signature Certificate) for one of the Directors

Steps involved in formation of an Indian Private Limited Company
Step No.
Steps
Timeframe (Working days)
Processing
1
DSC
2
Documents required Self attested:• Address proof
• Identity proof
2
DIN Approved DIN is a pre-requisite for incorporation process
5
Apply for DIN and get a provisional DIN

••

Certification/Attestation of Director’s personal details

Sending the same to the DIN Cell and getting it approve

3
Pre- Name Application Search
••

The Promoters have to provide atleast 6 (Six) names in the order of priority.

To make an online search of availability of names as desired by the Promoters

4
Application for Name Availability

• 6 names for the proposed Company

• Main Object Clause

6
To draft the Main Object Clause to be pursued by the Company after incorporation.
5
Representations before RoC on behalf of Promoters
1
Changes to be made in the Name application, if any, suggested by the RoC
6
Documents required

Printing of Altered Memorandum and Articles of Association (MOA / AOA)


Other Forms like:

• Form 32
• Form 18
• Form1
• Letter of Authority/PoA

2
Drafting the MOA & AOA and after getting it vetted by Promoters, sending it for printing. • Processing of eForms: Stamping of documents namely:• MOA
• AOA
• Letter of Authority/PoA
• Form1
7
Final Process:

Filing all the above documents with the ROC, follow up with the ROC, making changes to the MOA / AOA/otherIncorporation
documents as suggested by the ROC
4
• Online uploading of e-Forms
• Payment of Registration fees
• Collecting the Certificate of Incorporation

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