Company Formation

A company is a distinct legal personality of its own, it is capable of enjoying rights and being subject to obligations which are different from those enjoyed or borne by its members. Like a natural person it can enter into contracts, sue and can be sued in its own name, but unlike a human being it has no mind. You can not shake it by the hand, or knock it down in a fit of temper, as it is inanimateand has no physical shape or form. Again, like a natural person it has individuality and owns property but unlike him it has a common seal and perpetual succession."

Minimum requirements to Register a private Limited Company

• Minimum Two Shareholders

• Minimum Two Directors (The directors and shareholders can be same person)

• Minimum Authorised Share Capital shall be Rs. 100,000 (INR One Lac) DIN (Director Identification Number) for all the Directors

• DSC (Digital Signature Certificate) for one of the Directors

Formation of Private Limited Company

Minimum requirements:

• Minimum Two Shareholders

• Minimum Two Directors

• The directors and shareholders can be same person

• Minimum Share Capital shall be Rs. 100,000 (INR One Lac)

• DIN (Director Identification Number) for all the Directors

• DSC (Digital Signature Certificate) for one of the Directors


Steps involved in formation of an Indian Private Limited Company

Step No-1: Digital Signature

To obtain digital signature we require pan card, address proof and colour photograph of the applicant. Download DSC form of TCS for Class2 signature

Step No-2: DIN of all the Directors

This is a prerequisite to begin the registration process of the co. we require pan card, address proof and colour photograph of all the directors. This process is an online process which require certification from a practicing CA/CS/CWA, annexure-I is the authorization for the same.

Step No-3 : Name Availability of Co

Promoters need to provide six names of the proposed company in order of preference along with significance of words used. Kindly refer the name availability guidelines

Step No -4: Drafting of MOA and AOA

Memorandum of Association and Articles of Association of the company is drafted after the name of the company is approved, the last page of the MOA and AOA is reffered as subscriber sheet which need to be filled in by the promoters in their own hand.

Step No-5: payment of ROC Fee and Incorporation

After the MOA and AOA is drafted and signed the same if submitted to ROC along with form 1, 18 and 32 along with the prescribed fee. The issuance of certificate of incorporation is the final stage of the process

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