Registration / Incorporation of Private Limited Company (Pvt. Ltd.)
A Company is an association or collection of individuals, whether natural person, legal persons or a mixture of both. Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms such as:
- Voluntary associations including non-profit organization
- Business entities with an aim of gaining a profit
- Financial entities and banks
A company or association of persons can be created at law as a legal person so that the company in itself can accept Limited Liability for civil responsibility and taxation incurred as members perform (or fail) to discharge their duty.
Because companies are legal persons, they also may associate and register themselves as companies – often known as a Corporate Group.
Incorporation of Company in India is governed by the Companies Act, 2013 (Earlier 1956). For registration and incorporation, an application has to be filed with Registrar of Companies (ROC). Once a company has been duly registered and incorporated as an Indian Company, it is subject to Indian laws and regulations as applicable to other domestic Indian companies.
Process of Registration / Incorporation
- Get Digital Signature Certificate (DSC) of proposed Directors
- Get Director Identification No (DIN) of the proposed directors.
- Check for Name Availability.
- Application for Name Approval is Filed in form INC-1
- After Name approval, the MOA and AOA are drafted and sent for MCA Approval.
- Form INC-7 along with INC-22 and DIR-12 to be filed online after the MOA and AOA are drafted.
- Get Certificate of Incorporation
- Get PAN and TAN Number & Start the business.
Documents Required
Documents for Incorporation of Private Limited Company (Kindly click for download)
Compliance after Incorporation
- File Annual Return & Balance Sheet every year with MCA.
- File Income Tax return on or before 30th September along with Tax Audit, if applicable.
- Get Statutory Audit of accounts by CA every year.
- Maintain proper books of accounts.
