In India, Company formation is simplified by the Ministry of corporate affairs. 5 steps to register a Pvt ltd company includes Company name approval, MOA and AOA, Digital signature certificate, Incorporation certificate, and Company PAN andTAN.
Corp Roots can guide you to the simplified process of company registration without getting into lots of troubles.
A private limited company has all the advantages of partnership namely:
- Flexibility
- Greater capital combination of different and diversified abilities
At the same time, the Private limited company has its advantages of limited liability like higher stability and legal entity. From this, we can clearly notice that the private limited company is somewhat equivalent to partnership and wide public company.
For a private limited company, there are some identifications like name, number of directors, number of shares, formation, about the management and meetings, etc., and the maximum number of directors have to be mentioned in the Articles of Association.
5 steps to register a pvt ltd company
1. Get the DSC & DIN
Digital Signature Certificate (DSC) and Director Identification Number (DIN) is submitted for the proposed Directors of the Private Limited Company. And then the DIN and DSC are easily obtained for the proposed Directors within 5 to 7 days.
2. Obtaining the Name Approval
Check the name availability and submit with MCA portal. Before filing forms you go through name guidelines as per incorporation rules.
3. Drafting MOA and AOA
Drafting Memorandum and Articles of association with necessary declaration and forms
4. Submitting incorporation form with MCA
Spice plus form and the associated documents are supposed to submit to the MCA and they will approve the application for the incorporation process on subjecting to the processing time in the next 2 to 4 working days.
4. Obtain incorporation certificate
The final process is obtaining a certificate of incorporation from the registrar of companies
