For forming a private limited company you need at least Two people.
PAN is mandatory for each people (Indian & NRI). Make sure that the company members must have the PAN.
The people can be your family member.
Get a Digital Signature. At least one people must have the digital signature. All the files and documents have to be submitted online, therefore digital signature is must.
Details of Digital Signature Source: mca.gov.in
Get the Director Identification Number (DIN). All the proposed directors must have the DIN (minimum two).
Details of DIN Source: mca.gov.in
Take approval for the proposed name. The name of the Company must be approved from ROC that is Registrar of Company. Your company name should be unique. It should properly reflects the main aspects of the company.
You have to decide the objectives of your company.
Drafting of memorandum and articles of the company is crucial. Since there is limit for submission of memorandum and articles, so be careful.
You should have the address of your company.
After all the documents are ready you can file for Incorporation.
After approval of the incorporation from the ROC you will get a incorporation certificate.
This is the day when your company comes into existence.
PAN is mandatory for each people (Indian & NRI). Make sure that the company members must have the PAN.
The people can be your family member.
Get a Digital Signature. At least one people must have the digital signature. All the files and documents have to be submitted online, therefore digital signature is must.
Details of Digital Signature Source: mca.gov.in
Get the Director Identification Number (DIN). All the proposed directors must have the DIN (minimum two).
Details of DIN Source: mca.gov.in
Take approval for the proposed name. The name of the Company must be approved from ROC that is Registrar of Company. Your company name should be unique. It should properly reflects the main aspects of the company.
You have to decide the objectives of your company.
Drafting of memorandum and articles of the company is crucial. Since there is limit for submission of memorandum and articles, so be careful.
You should have the address of your company.
After all the documents are ready you can file for Incorporation.
After approval of the incorporation from the ROC you will get a incorporation certificate.
This is the day when your company comes into existence.
Advantages of Private Limited Company for Startup
- Limited Liability
- Perpetual Succession
- Easy Transferable Ownership
- Separate Property
- Taxation
- Raising Money
- Selling the Business
- Capacity to sue
- Better Governed
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