Registering a Private Limited (Pvt Ltd) company in India is a straightforward process, but it requires following certain legal and regulatory steps. A Private Limited Company is a separate legal entity, which provides limited liability protection to its shareholders and is one of the most common types of business structures.
Here’s a step-by-step guide to registering a Pvt Ltd company in India:
1. Obtain Digital Signature Certificate (DSC)
- The **Digital Signature Certificate (DSC)** is required to sign documents electronically during the company registration process. All directors and shareholders of the company must obtain a DSC.
- DSC can be obtained from government-recognized certifying authorities.
2. Obtain Director Identification Number (DIN)
- The **Director Identification Number (DIN)** is a unique identification number for directors. Every director of the Pvt Ltd company needs a DIN.
- You can apply for DIN through the **SPICe+ form** or the **DIR-3 form** on the Ministry of Corporate Affairs (MCA) portal.
3. Choose a Company Name
- Choose a unique name for your Pvt Ltd company. It should not be identical or similar to an existing company or trademark.
- The name should be followed by the word "Private Limited" or "Pvt Ltd" (e.g., ABC Pvt Ltd).
- You can check name availability using the **MCA Name Availability Tool**.
4. Prepare the Company Documents
The following documents are required for company registration:
- **Memorandum of Association (MoA)**: This document outlines the main objectives, scope of activities, and powers of the company.
- **Articles of Association (AoA)**: This document contains the rules and regulations for the management of the company.
- **Proof of identity and address of directors and shareholders** (e.g., Passport, Voter ID, Aadhar Card, etc.).
- **Proof of registered office address** (e.g., utility bills, rent agreement, etc.).
5. Register the Company with MCA
- The registration process is done through the Ministry of Corporate Affairs (MCA) portal.
- You need to file the **SPICe+ (Simplified Proforma for Incorporating Company Electronically)** form with MCA. This form includes:
- **INC-32**: Application for company incorporation.
- **INC-33**: e-Memorandum of Association (MoA).
- **INC-34**: e-Articles of Association (AoA).
- You will also need to submit KYC details for the directors and shareholders.
6. Payment of Government Fees
- You will need to pay the registration fees, which depend on the authorized capital of the company. The fees are payable through the MCA portal at the time of filing the forms.
7. Certificate of Incorporation
- Once the MCA verifies and approves your application, they will issue a **Certificate of Incorporation** (CoI). This certificate is the legal proof that your company has been registered.
8. Apply for PAN and TAN
- After incorporation, the next step is to apply for **Permanent Account Number (PAN)** and **Tax Deduction and Collection Account Number (TAN)** for your company.
- You can apply for both PAN and TAN through the NSDL website.
9. Register for GST (If applicable)
- If your business is involved in the supply of goods or services and crosses the GST threshold limit (currently ₹20 lakhs for most businesses), you need to register for **Goods and Services Tax (GST)**.
10. Open a Bank Account
- After the registration, open a business bank account in the company’s name using the Certificate of Incorporation, PAN, and other necessary documents.
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Key Considerations:
- **Shareholders & Directors**: A Pvt Ltd company requires a minimum of **2 directors** and **2 shareholders** (can be the same person). There is a maximum limit of **15 directors**.
- **Registered Office**: Your company must have a registered office address within India.
- **Authorized Capital**: There is no minimum capital requirement, but the company should define an authorized capital (e.g., ₹1 lakh, ₹5 lakh, etc.).
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Timeline:
- The company registration process typically takes about **7-15 days**, depending on the completeness of your application and the time taken for document verification.
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Costs Involved:
- Government Fees**: Based on the authorized capital.
- Professional Fees**: If you are hiring a company secretary or consultant for assistance, their fees will vary.
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This is a basic overview, but the process can vary depending on the specific nature of your business and whether you hire professionals to assist you in the process. Would you like more information on any of the specific steps or requirements?