How to register Private Limited company in 4 easy steps

Establishment of Business is very crucial phase for any businessman as one has to comply with all legal requirements in addition to launch the business market. The entrepreneurs, willing to focus on launch and set-up business, search to start business without any hassle concerning the legal procedure for incorporation of company.

Step 1: Procure Digital Signature Certificate:

The first and foremost step is to procure the DSCs of the Personnel involved in pvt ltd. The requirement of DSSCs arises for filling of e-forms on online portal of MCA as the Ministry has prescribed provided for online registration procedure for company incorporation and other applications. Digital Signature Certificate, commonly known as DSC are issued by the Certifying Authority in token form and is valid for 1 or 2 years.

The personnel involved in partnership firm registration in India are Subscribers and Directors for proposed company. The Subscriber is a person who is the promoter of the company and proposed shareholders. The said shareholders are required to file e-MOA and e-AOA by affixing DSCs whereas proposed directors shall obtain DIN by making an online application in next step.

Step 2: Obtain Director Identification Number

Director Identification Number (DIN) is a unique number assigned by Ministry of Corporate Affairs to the individual making an application for allotment of DIN. The number is allotted for lifetime by the Ministry unless it is surrendered or withdrawn.

The directors of the partnership firm online shall obtain and intimate the DIN. Hence, obtaining DIN is mandatory to be appointed as Director in any Company. The Director Identification Number obtained can also be used for appointment for any other company and appointment as Designated Partner in the LLP.

Step 3: Reservation of Name

Before making an application to incorporate, the name for the proposed company shall be reserved. An Application for Reservation of Name of Private Limited Company shall be made in e-Form INC – 1 by making payment of requisite fees. In one application you may provide maximum 6 names in preferential order along with the significance for application for proposed name(s). The appointed professional shall make a search for availability of name before filling the application so that the applicant can make application of the names accordingly. The Registrar enjoys 100% discretion for approval of name application.

Step 4: Certificate of Incorporation

After reservation of the name for proposed company by submitting form INC – 1, the application for issuance of Certificate of Incorporation shall be made. It is also required to be made by online submission of Simplified Proforma for Incorporating Company Electronically i.e. SPICe forms.

Comments

Post a Comment

Popular posts from this blog

Trade License Registration in India: How to obtain Trade License online?

Image
Trade License is a registered certificate through which a company or firm or business is allowed or permitted to start the business and commence a trading operation business in a particular location. By obtaining Trade License , State Government governs and regulates the operation of the trading business from a particular location. It also helps, regulates and ensures that there is no harm to the public or any other living species or the health of general through activities accomplished through trade. Trade license registration online  is granted with all required safety guidelines, standards, and relevant laws to assure how that specific trading business is being done and to guard the society within that specific state. Trade License is supervised and granted by the State Government for regulating trade and business within the location. Business entities which are not obeying or following the rules of trade license can be subjected to a heavy penalty. Therefore, it is mandatory fo...
Read more

How to get Online MSME Registration - Kanakkpillai

Image
  MSME or Micro, Small and Medium enterprises, classified counting on the annual turnover of any business. Previously, it's referred to as SSI registered entities. The entities which are registered under the MSME Development Act, 2006 of the Central Government can have MSME registration certificate. The Act was introduced to develop and to market the companies working at alittle or medium scale. Almost all sorts of business activities were eligible for registration under MSME before, but trading and other few business activities are specifically excluded from eligibility category.  MSME Registration online  is voluntary, entities like better to obtain MSME registration online due to its numerous benefits announced by the government. Benefits of MSME Registration are as follows, -> Tax Benefits:  By registering your business under MSME, you'll get tax benefits scheme counting on your sort of business like exemption from certain direct taxes within the beginning yea...
Read more

File your Income Tax Returns Online in India FY 2020-21

Image
  As a taxpayer, it’s your duty to file income tax returns; it’s a great way to save money on taxes. The online method of filing tax returns is easiest way to do so. If ITR isn’t filed, under Income Tax Act, you will be liable to penalties.  This method of filing is known as   Income Tax Return Filing Online , as it can be done online on the Income Tax Department portal. So, let us discuss the different steps on how to file income tax returns online. How to file your income tax returns online The Income Tax Department has established an online software to fill all the ITR forms. Only the forms ITR 1 and ITR 4 can be filed online without having to download the application in Java or Excel. You need to gather all the relevant documents to file the ITR form online. Your income tax return filing online can be done in the following steps, as mentioned below: Step 1:  Go to the  income tax e-filing  portal . First-time users need to register themselves with their...
Read more