What are the best ways to start a Private Limited Company?

So, setting up a company or business is not a difficult task when you have full-fledged teams, licenses, and registrations. The legal services assistance is like the cherry on the cake. The advice can work always like wonders. So, here if you are so much into starting a company in India as a private limited company. Establishing up a limited company is a great way to begin your business adventure. A limited company is a company that is legitimately separated from you (or whoever operates the business) and has separate finances. This is a very simple business structure people prefer and process.

These steps to Register Private Limited Company includes two extensive steps more classified into four steps. The first step is DSC then the name approval and reservation and the third documentation preparation and last step is the application of company incorporation.

Here are the ways to follow to get a private company registered

Obtain a Digital Signature Certificate

The initial and first step is to get the DSCs of the Personnel included in Private Company Incorporation in India. The requirement for DSCs starts for filling of e-forms on the online portal of MCA as the Ministry has guided given for the online company registration procedure for Company Incorporation and other applications. Digital Signature Certificate, generally known as DSC is issued by the Certifying Authority in kind and is valid for 1 or 2 years.

The employees included in company formation in India are Directors for the intended company. The said shareholders are expected to register e-MOA and e-AOA by affixing DSCs whereas proposed directors shall get DIN by making an online application to the next level.

List of Documents for Digital Signature Certificate:

• Passport size photo of the candidate
•  Address proof of the applicant
•  PAN card of the applicant

 Reservation of Name

Before starting an application to incorporate and register Pvt Ltd Company in India, the name for the proposed company must be reserved. An Application for Reservation of Name of Private Limited Company shall be made in e-Form RUN by making payment of essential fees. In one application you may give a maximum of 2 names in special order along with the importance for application for the proposed name(s). The designated professional must search for the availability of names before filling the application so that the applicant can make the application of the names respectively. Herein you can take the help of the legal services from CA near me. The Registrar holds 100% responsibility for the approval of the name application.

The person must make an application for name approval respecting the provisions laid down by the Act. Moreover, the following common practice is adhered to pick and apply the name:

• The name must be easy to spell and remember
• The name must be able to give a distinct identity to the company
• It must be short & simple
• The name must not include any word as exposed to public policy or prohibited
• It must not infringe any Trademark registered nor shall it be related or equal to any company/ LLP Registration.

As stated above, the application for name reservation can be made with a height of 2 names, out of which the registrar may accept anyone's name or may ask to give additional names with remarks.

Preparation of all the documents

There are various documents that you need to prepare before submitting the online application. You have to fill complete forms like spice+ which in recently introduced. Where you will find all the forms MOA, PAN, TAN application made. The directors.

• Copy of the title registration, if the basis is an owned-property
• Copy of the notarized lease document or rent agreement in the name of the company
• Rent slip copy
• Proof of evidence – electricity bill or telephone bill
• NOC from the landlord. 
• PAN card
• Aadhaar card copy/Driver’s License copy/Voter’s Identity Card Copy
• Address proof like Telephone bill/ water bill/ bank statement or bank passbook
• Passport-sized photographs

So, when documents are prepared submit them with ROC and wait for the approval.  Once approval is made in the following step you will get COI- Incorporation Certificate.

 Certificate of Incorporation

After preparation of all the documents of the name for the proposed company by submitting form RUN, the application for issuance of Certificate of Incorporation need to be made. The application for online registration for the company is also expected to be made by online submission

On review and verification of the application created for a certificate of incorporation in SPICe+ forms, the Registrar on his satisfaction may provide the Certificate of Incorporation under his approval and signature in electronic form. The Certificate of Incorporation (COI) given will include the date of incorporation and the PAN, TAN, and zero balance opening account of the company.

Parts to keep in mind while enrolling a Private Company

While you get all the company registration steps it is best to check whether you are a company with authorized capital is Rs.15 lakhs or less. In such situations, the Government fees are not payable. Still, the company cannot suggest the capital for a period of 1 year since incorporation to require this privilege.

On Certificate of Incorporation (COI), the company comes into continuation in the eyes of law. Whereby it is allowed to carry out business in its own name and hold assets. Also, the company is expected to fulfill the applicable compliance after incorporation of the company, as advised by the expert.

Conclusion

The registration of Pvt Ltd Company in India can be processed with comfort by consultation of Practicing Professional. Further, after online ltd company incorporation, the directors are expected to keep the active state of the company. By compliance with the provisions of the company by filing the annual returns. And forms as directed by the Companies Act, 2013.

If you need online ca services, LegalPillers are here to help you in the long run. They will guide you in all the circumstances and advise you on the best ways to start a Private Limited Company. Because it comes with various benefits and is most popular in company registration. So, get in touch today only for all kinds of company registration. For more details do connect us at 9625279785 or 9267941961 or you may connect us at info@legalpillers.com.

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