COMPANY REGISTRATION PROCESS:-
• Name approval
The first step of incorporating the company is to decide about the name of your company which will be applied to MCA for approval. Names given for approval should ideally be unique and related to business activities of the company.
• Application of DSC & DPIN
The next step for startup registration is to apply for digital signature and DPIN. A digital signature is an online signature used for signing the e-forms and DPIN refer to Director's identification number issued by Registrar.
• MOA & AOA submission
Once the name is approved, Memorandum of association and Articles of Association needs to be prepared which includes the rules & by-laws of the company that regulates the operation of the business. Both MOA and AOA are filed with the MCA with the subscription statement for the authentication & approval.
• Prepare form & documents
Fill the application forms duly, attach the documents, get the same verified by professional then file the form to ROC then make the payment.
• Get incorporation certificate
Once all the documentation is done & form is filed with the department, registrar issues the incorporation certificate. The certificate of incorporation mentions significant information about the company such as CIN number, the name of the company, date of incorporation, etc.
• Apply for Bank account
After the receipt of incorporation certificate, you can submit the copy of Incorporation certificate, MOA, AOA and PAN along with the account opening form of the bank to open your bank account.
Eligibility to form Private Limited Company
Number of Directors- Minimum 2 and Maximum 15.
Number of shareholders- Minimum 2 and maximum no limit. However, one person can act as both director and shareholder.
Citizenship- At least one director should hold Indian Citizenship.
Minimum Authorized Share Capital Rs. 100,000 (INR One Lac)