Private Limited Company Registration in India: A Step-by-Step Guide by Kanakkupillai
Are you looking to start a business in India? One of the most popular business structures in the country is a private limited company. A private limited company offers several advantages, including limited liability protection and ease of raising funds. In this article, we will provide you with a step-by-step guide to registering a private limited company in India, as provided by Kanakkupillai, a leading business registration and compliance services provider in India.
Introduction
A private limited company is a popular business structure in India. It is governed by the Companies Act, 2013, and requires a minimum of two shareholders and two directors. The liability of the shareholders is limited to their shareholding in the company, and the company enjoys perpetual succession. A private limited company is a separate legal entity from its shareholders, which means that it can own property, enter into contracts, and sue or be sued in its name.
1. Choosing a Business Name
The first step in registering a private limited company is choosing a unique name for your business. The name should not be similar to any existing company name, and it should not violate any trademark laws. Kanakkupillai can help you with the name availability search and registration of your company name.
2. Obtaining Director Identification Number (DIN) and Digital Signature Certificate (DSC)
Every director of a company is required to obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). Additionally, a Digital Signature Certificate (DSC) is required for filing electronic forms with the MCA. Kanakkupillai can assist you in obtaining DIN and DSC for your directors.
3. Drafting the Memorandum of Association (MOA) and Articles of Association (AOA)
The Memorandum of Association (MOA) and Articles of Association (AOA) are two important documents that define the constitution and internal rules of the company. These documents must be drafted and filed with the Registrar of Companies (ROC) during the registration process. Kanakkupillai can help you with the drafting and filing of MOA and AOA.
4. Filing of Form SPICe (INC-32) and e-MoA (INC-33) and e-AoA (INC-34)
Form SPICe (INC-32) is a simplified proforma for incorporating a company electronically. It is a single-window clearance form for obtaining DIN, reserving a company name, and incorporating a company. Along with Form SPICe, the e-MoA (INC-33) and e-AoA (INC-34) must also be filed electronically. Kanakkupillai can help you with the preparation and filing of these forms.
5. PAN and TAN Application
After the company is incorporated, you need to apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN). PAN is a unique 10-digit alphanumeric code used for tax purposes, while TAN is a 10-digit alphanumeric code used for deducting and collecting tax.
Conclusion
Private limited company registration in India can be a complex process, but with the assistance of Kanakkupillai, it can be simplified and streamlined. By following the step-by-step guide outlined in this article, you can successfully incorporate your private limited company and enjoy the benefits of limited liability protection, ease of raising funds, and perpetual succession. With Kanakkupillai's expertise in business registration and compliance services, you can rest assured that your company registration will be in safe and capable hands.
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