Introduction
Registering a private limited company in India involves a systematic process that requires meticulous planning and adherence to the guidelines set by the Ministry of Corporate Affairs (MCA). Below is a step-by-step guide to navigate through the registration process seamlessly.
Name Selection and Approval
The first and foremost step is to decide on a unique name for your company. The proposed name should reflect your company's objectives and must not resemble any existing company or trademark. Once you have decided on the name, you need to submit an application to the MCA for approval. If the name is deemed acceptable, the MCA will issue an approval letter. It's important to note that the approved name is valid for 20 days, within which you should proceed to the next steps.
Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN)
Before drafting the necessary documents, each director of the company must obtain a Digital Signature Certificate (DSC) and a Director Identification Number (DIN). DSC is a secure digital key issued by certified authorities that ensures the authenticity of the documents submitted electronically. DIN is a unique identification number allotted by the MCA to each individual intending to be a director in a company.
Preparation of Documents
With DSC and DIN obtained, the next step involves preparing the foundational documents for your company. This includes:
SPICe Form: An application for incorporation.
- Articles of Association (MOA): A legal document that outlines the constitution and objectives of the company.
- Articles of Association (AOA): A document that specifies the regulations for the company's operations.
- INC-9: A declaration by the first subscribers and directors.
- DIR-2: Consent to act as a director of the company.
- Ensure that these documents are accurately prepared and duly signed by the respective directors. The directors' DSC and that of a Chartered Accountant (CA), Company Secretary (CS), or a Cost and Management Accountant (CMA) must be affixed to the documents where required.
Submission and Approval
Upon completion of the documents, submit them to the MCA through their online portal. The processing time is approximately 20 days, during which the MCA will review your application and documents. If all the submitted information meets the compliance requirements, your company will be registered, and you will receive the Certificate of Incorporation. This certificate is conclusive evidence of the existence of your company.