Minimum Requirements for Private Limited Company Registration
- Minimum 2 Directors (The directors and shareholders can be same person)
- Minimum 2 Shareholders
- No Minimum Capital Required
Documents Required For Private Limited Company Registration:
- Colour PP Photograph
- PAN Card – Self Attested
- Identity Proof – Any One Self Attested
(Driving License / Passport / Aadhar Card / Voter ID Card) - Address Proof – Any One Self Attested
(Latest Bank Statement / Electricity Bill / Telephone Bill / Mobile bill)
Private Limited Company Registration Procedures:
You will require to take help and support from a licensed company registration service provider like us who can get your company registered by Ministry of Corporate Affairs India.
Step 1 : Application for DIN
Anyone who is proposed to be a Director of the company needs to have a DIN. We shall apply/register DIN on your behalf to the Ministry of Corporate Affairs India.
Step 2 : Acquire/ Register DSC
A licensed Certifying Authority (Like us) issues the digital signature. We have been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.
Step 3 :Application for Name Reservation/ Approval:
We shall apply for Name Approval with the ROC. A maximum of 6 Names can be provided for Name approval.
Step 4: Drafting of MOA & AOA, Filing & Uploading of Incorporation Forms:
All of these Legal Documents to be prepared & uploaded by us. You need not worry about these.
Step 5 :Getting Incorporation Certificate:
After the Registrar of Companies(ROC) is satisfied that all the formalities with respect to the incorporation has been complied, he will issue a Certificate of Incorporation as to formation of the Pvt. Ltd. which is the conclusive evidence of Registration of Pvt. Ltd. Company.
For more details:
To put forth this answer systematically, here are the four pillars mandatory to start a private company.
1) Requirements
2) Documents
3) Procedure
4) Cost
1) Now let’s look at the Requirements for starting a private company:
a) A minimum of two directors are mandatory to start a Private Company in India
b) A minimum of two members or shareholders are obligatory. Same directors can also qualify as members for your private company.
c) A host of documents are required. The essential documents are mentioned below
2) As mentioned above let’s shed some light on the Documents required to start a private limited company
a) PAN Card of all Directors – 2 copies.
b) Voting Card/Passport/Driving License of all Directors – 2 copies.
c) Mobile Bill/Bank Statements/Electricity bill of all Directors.
d) 2 Passport size photos of each Director.
e) DSC Forms.
f) Electricity Bill of the proposed address of the company.
g) With bill, is required additional proof of Tax Receipt, Purchase Deed, or Rent Agreement.)
h) NOC of the owner of the proposed address of the company.
All the documents should be self-attested (by blue pen).
3) So now let’s look at the Procedure to start a Private Company in India
a) First you have to apply for RUN (Reserve Unique Name)
As the headline suggests this step of registering a Unique Name is compulsory as your name is an identity of your company. This can be done on the MCA website itself.
b) Obtain Director Identification Number also known as DIN and Digital Signature Certificate also known as DSC; for all Directors
c) After which you will be required to:
i. Upload Spice (INC 32)
Spice (INC 32) is the form which is necessary for formation of company
ii. Upload form Spice_Memorandum of Association (INC 33)
Spice (INC 33) is the form which states the main and subordinate objects of the company
iii. Upload form Spice_Articles of Association (INC34) on MCA 21 portal.
Spice (INC 34) is the form which states the rules and laws of the company.
Challans (Receipt) for the above given forms will be generated. All the above given forms are the forms which are necessary for incorporation. Once these forms are submitted you will receive approval.
d) After receiving approval, Certificate of Incorporation will be issued
e) PAN card and TAN card will be issued
f) Share Certificates of all the shareholders will be provided
g) All other necessary documents of the Company will be provided by Afleo.com This basically contains the Master Data of the company
4) While we have covered up all the parameters it is mandatory to look at the Cost incurred to register a private limited company. Afleo charges a one-time fee of Rs 7999/- to start your Private Company. This fee consists of everything including our professional fees.
Just pay this fee once and you have your company registered.
