Incorporation Procedure of a Private Limited Company in India - Ministry of Corporate Affairs (MCA)

A company incorporated by shares may be " Public Limited " or " Private Limited". In both cases the company is incorporated under the preview of" The Companies Act, 2013 (previously The Companies Act 1956). A Company is a separate legal entity with perpetual succession for lawful purpose. A private company is formed with a Authorized Capital and this capital is divided into shares of a fixed face value. The minimum authorized capital to incorporate a private limited company in India is Rs. 1 Lakhs. The minimum share holders and directors require for a private limited company is Two. The shareholders may act as directors. The first subscribers of the company is known as promoters of the Private Limited Company. In India the incorporation of a company is under the control of Ministry of Corporate Affairs, shortly known as MCA. The Registrar of Companies (ROC) operated under MCA will be the verifying and certifying authority of Company affairs.



About Ministry of Corporate Affairs (MCA)


The Ministry is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law. The Ministry is also responsible for administering the Competition Act, 2002 to prevent practices having adverse effect on competition, to promote and sustain competition in markets, to protect the interests of consumers through the commission set up under the Act.


Both company Limited by Shares and Limited Liability Partnership Firms (LLP) are incorporated under Ministry of Corporate Affairs.



Registration procedure of a Private Limited Company (PLC)


Name Reservation : Every entrepreneur who wish to register a private company requires a name for the business. The name not be identical with the existing registered companies, so conduct through search on company registry and trademark registry. The MCA fees for reserve a name for a company is Rs. 1,000/- and a validity of 15 days after allotment of name. As per the new amendments the name is reserved on Spice + (Part A).


http://www.mca.gov.in/mcafoportal/showCheckCompanyName.do


https://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx


Digital Signature Certificate (DSC) : Obtain digital signature for first subscribers and directors of the company. There must be minimum 2 shareholders and 2 directors for a private limited company.


Form filling for Registration : The various forms for PLC Registration is Spice + (Part 2), E-MoA, E-AoA, Form INC 9 and AGILE PRO. As per the new amendment in company online registration in MCA portal the applicant fill the forms online after login on MCA Portal and download the form in PDF after pre-scrutiny. Then affix the DSC of Directors and verifying Authority (CA / CS / CMA / Advocate).


After Login on MCA Portal  >..  MCA Services  >..  SPICE+

After affixing the dsc in all forms, then need to upload in MCA Portal and pay the prescribed fees.


Now we can apply for DIN, PAN, TAN through Spice + form . Also made mandatory for registering ESI, EPF & Opening a Bank Account for newly incorporated companies w.e.f. February 23, 2020. In the State of Maharashtra professional tax registration is also mandatory.


Note: Every newly incorporated companies must file the return under ESI & EPF within 6 month of incorporation or rules applicable which ever is earlier.

Approval by Registrar of Companies : The certifying authority, i.e. Registrar of Companies (ROC) verify the application and allot the Corporate Identity Number (CIN). We can also get an approval mail along with Certificate of Incorporation as its attachment.


Commencement of Business : Every company incorporated after November 02, 2018 must file FORM 20A with in six month to obtain Certificate of Commencement, otherwise MCA may disqualify the directors and charge huge penalties.



Documents required for Company Incorporation


  • PAN & Aadhaar card of Directors & Promotors

  • Email, Phone No. & Education Qualification of Directors & Promotors

  • DIN (if a director have already a valid DIN)

  • Digital Signature of Directors & Promotors

  • Address proof of Directors & Promotors (Bank / Electricity Bill/ Telephone bill/ Mobile bill)

  • Proof of Identity of Directors & Promotors (Voters Identity Card/ Passport/ Driving License)

  • Passport Size Photo of Directors

  • Proof of Registered office (Copy of Utility bill not older than 2 months)

  • Latest Building Tax Receipt

  • Rent Agreement / NOC from Owner with Certificate of Ownership

  • Statement of Directors in FORM DIR 2 (Format available in downloads)

  • Specimen Signature of Authorized person in EPF (Format available in downloads)



Do you require support to register a Private Limited Company !

Get assistance from Ourtaxpartner.com to register a Private Limited Company in MCA Portal. Contact us at +91 949 635 3692. 

Private Company Incorporation Basic Plan starts at Rs. 12,500/-                                                             

Hashtags : #companyregistration #privatecompanyregistration #howtoregisteraprivatecompany #companyregistrationinkerala #mca #roc #privatelimitedcompanyregistration #pvtltdcompanyregistrationinkerala




Ourtaxpartner.com is an associate concern of PEAK Business Consultancy Services. We are the largest web platform for business registrations, license's and tax filing services in Kerala. Ourtaxpartner.com support new and existing MSME entrepreneurs to grow their business at maximum potential. Explore the opportunities with PEAK bcs Team, You focus on your core business we will take care of your accounts, tax and labour compliance's. 

To get support and more information, Kindly contact us at +91 9496353692 or E mail at : info@ourtaxpartner.com.

Get find our location in Google Maps.
https://g.page/Ourtaxpartner-com_Cochin?share




Recent Posts

See All

കേരള വെൽഫെയർ ഫണ്ട് ബോർഡിന് കീഴിലുള്ള ആനുകൂല്യങ്ങൾ

കേരള സംസ്ഥാനത്തെ തൊഴിൽ ക്ഷേമവും മറ്റ് ചില കാര്യങ്ങളും പ്രോത്സാഹിപ്പിക്കുന്നതിനാണ് കേരള തൊഴിലാളി ക്ഷേമനിധി. ഇത് കേരള ലാബർ വെൽഫെയർ ഫണ്ട് ആക്റ്റ്, 1975 ന്റെ പ്രിവ്യൂവിന് കീഴിൽ വരും. ഷോപ്പ്, കൊമേഴ്‌സ്യൽ എ

 2023 by www.ourtaxpartner.com. Proudly created with PEAK bcs

  • Ourtaxpartner.com - Pinterest Page
  • Ourtaxpartner.com - LinkedIn page
  • Ourtaxpartner.com - Instagram
  • Ourtaxpartner.com Facebook Page
  • Ourtaxpartner.com Twitter page
  • Ourtaxpartner.com Google plus Page

Registered Office

Ourtaxpartner.com
Ground Floor, Thapovan Building,
Palarivattom - Edappally Road, Edappally,
Near St. George's Forane Church,
NH 66 & NH 544, Kochi - 24, Ernakulam, Kerala, India  
Landmark : Near Lulu Mall Kochi, St. Georege's Forane Syro Malabar Church and Maha Ganapathi Temple, Edapally
Tel : +91 949 635 3692
Info : info@ourtaxpartner.com