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How to incorporate a private limited company in India?
Who can register a private limited company in India?
Are two shareholders required to form a private limited company in India?
Is private limited company a good option to start a business in India?
Mar 20, 2023 · To incorporate a private limited company in India, the following requirements must be met regarding directors and shareholders: Minimum number of directors and shareholders: A private limited company in India must have a minimum of two directors and two shareholders.
- Digital Signature Certificate
- Selection of Name
- Members and Directors
- Login to MCA
- Fill Part-A of Spice+ Form
- Fill Part-B of Spice+ Form
- Fill Agile-Pro Form
- Upload Spice+ Form
The company registration process is entirely online. SPICe+ form should be filed on the MCA website. Digital Signature Certificate (DSC) is required to file forms on the MCA website. Thus, all the company’s proposed directors are required to obtain DSC for filing the company incorporation form. Since the e-MOA (Memorandum of Association) and e-AOA ...
The company founders and proposed directors must select an appropriate name for the company. The ROC will reject the company name if it is similar or identical to the name of an already registered company. The company name should also not be similar to a registered trademark. Thus, it is better to conduct a trademark search before finalising the co...
A One Person Company (OPC) should have a maximum number of one members and a minimum of one proposed director for applying to company registration. A private limited company must have a minimum of two members and two directors. A public limited company must have a minimum number of seven members and three directors before applying for registration.
A promoter or proposed director of a company must first log in to the MCA website to apply the SPICe+ form. To log in, the proposed director or promoter (applicant) must first create an account on the MCA website. After the account is created, the applicant will get the login details. After that, they can log in to the MCA website with the login de...
After logging into the MCA website, the applicant should click on the ‘MCA Services’ option on the homepage. Next, the ‘SPICe+’ option should be selected under the’ Company Services’ heading. On the next page, select the ‘New Application’ option. The SPICe+ Part-A form will appear as shown below. The company name must be reserved in this section. T...
The applicant must enter the details in the Part-B SPICe+ form after filling the Part-A SPICe+ form. When the applicant chooses to fill the Part-B SPICe+ form later, i.e. after name approval from ROC, the applicant can click on the ‘Fill’ button available against the SPICe+ Part-A SRN displayed on the dashboard and click on the ‘Proceed’ button. Th...
The AGILE-PRO-S form is an application for registration of Employee State Insurance Corporation (ESIC), Goods and Service Tax Identification Number (GSTIN), Employees’ Provident Fund Organisation (EPFO), the opening of bank account, Professional Tax Registration (in Karnataka, Maharashtra and West Bengal) and Shops and Establishment Registration Nu...
After filling up the Part-B SPICe+ form, the applicant should upload the required documents. Then the applicant has to carry out a ‘pre-scrutiny’ check. After the ‘pre-scrutiny’ is successful, the applicant should click on the ‘Submit’ button. A confirmation message is displayed upon submission of the form. Next, the applicant should download the P...
The Private Limited Company is the most frequently chosen form to set-up a business in India, as it is particularly convincing due to its relatively uncomplicated incorporation process and high flexibility when it comes to business models. There are other investment vehicles like partnerships etc., but they are not available for foreign investors.
In India, forming a private limited company is highly recommended because of its limited liability feature. Compared to Limited Liability Partnerships (LLPs), where partners manage the business, in a private limited company, the director and shareholder are separate entities
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Mar 12, 2021 · A Private Limited Company can be incorporated with a minimum of 2 directors (DIN) and a maximum of 20 directors (DIN) and has a minimum of two stockholders and a maximum of 200 stockholders. Owners of the company have limited liability to creditors.
Aug 4, 2021 · 4) E-filing for incorporation of a Company. Once the name is approved, an online application is required to be filed through SPICE+ PART B along with the requisite documents as stated above. The MOA as well as AOA shall be filed online. In Part B of the spice form we can apply for the following: Incorporation.
