There are various processes involved in registering a Private Limited Company Registration India. Here is a comprehensive guide to aid you with the procedure:
STEP 1: OBTAIN DIGITAL SIGNATURES (DSC)
Getting digital signatures from each proposed director for the firm is the first stage. During the registration process, DSCs are required to sign electronic documents.
STEP 2: OBTAIN DIRECTOR IDENTIFICATION NUMBER (DIN)
Next, you must apply for each potential director’s Director Identification Number (DIN). On the Ministry of Corporate Affairs (MCA) webpage, Form DIR-3 must be submitted in order to acquire it.
STEP 3: APPLY FOR NAME RESERVATION
Pick a distinctive name for your business and submit it using the RUN (Reserve Unique Name) service on the MCA portal for approval. Make sure the name complies with MCA requirements and is distinct from any brand or entity that already exists.
STEP 4: DRAFTING OF MEMORANDUM OF ASSOCIATION (MOA) AND ARTICLES OF ASSOCIATION (AOA)
Prepare the MOA and AOA, which outline the goals, policies, and procedures of the company. During the registration process, the MCA must receive these documents.
STEP 5: INCORPORATION OF THE COMPANY
File the incorporation forms, such as Form SPICe (Simplified Proforma for Incorporating Company Electronically), INC-9 (Affidavit of the First Subscribers and Directors), and other necessary declarations, after getting name approval and drafting the MOA and AOA.
STEP 6: OBTAIN PERMANENT ACCOUNT NUMBER (PAN) AND TAX DEDUCTION AND COLLECTION ACCOUNT NUMBER (TAN)
PAN and TAN, which are necessary for taxation and financial transactions, will come after the firm has been incorporated.
STEP 7: REGISTER FOR GOODS AND SERVICES TAX (GST)
Register for the Goods and Services Tax (GST), which is required for selling goods and services in India, if your company’s annual revenue reaches the imposed threshold.
STEP 8: OPEN A BANK ACCOUNT
Open a bank account in the company’s name after getting the Certificate of Incorporation to begin business activities.
STEP 9: COMPLIANCE REQUIREMENTS
Ensure that all legal procedures are being followed, including the selection of an auditor, the holding of board meetings and annual general meetings, as well as the submission of yearly financial statements and returns to the MCA.
STEP 10: COMMENCE BUSINESS
Start running your firm as a recognized Private Limited Company Registration once all requirements are finished.
What Is The Minimum Capital For Pvt Ltd Company?
India had reduced the minimum capital requirement for Pvt Ltd Companies. A minimum authorized share capital of INR 1 lakh was previously in place. However, in order to make doing business with JustStart more convenient, this restriction has been lifted.
Now, business owners don’t require a minimum amount of capital to launch a Online Pvt Ltd Company Registration. To further secure your brand’s identity and intellectual property, think about adding trademark registration online.
Conclusion
To sum up, Pvt Limited Company Registration Online India provides a quick and easy option to start a firm with credibility, limited liability protection, and growth potential. Obtaining digital signatures and meeting basic standards, such as having two directors, one of whom must be an Indian resident, are part of the procedure.
Accepting online registration has additional benefits, such as accessibility, transparency, compliance, and affordability. There is no longer a minimum capital requirement for private limited registration online, making room for a booming business climate in India.
Name- JustStart
Address – H-7/207 Aggarwal Plaza, Netaji Subhash Place, New Delhi
Phone Number- 8384080580
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