Company is the most used business organization structure in India. Most of the organized business run as a company form of business organization. The Companies Act,2013 and rules and regulations formed under the companies act provide frameworks for companies.
The Companies Act,2013 provides basically two types of Companies i.e Private Company and Public Company. The private company can be an OPC Company (One Person Company) other other private company.
PRIVATE LIMITED COMPANY
A 'Private Company' is a limited company registered with minimum of 2 members and 2 Directors. Maximum number of members in a Private Company not exceed 200.
NAME OF A COMPANY
The name of a company shall end with the words 'Private Limited' in case of Private Company and OPC Private Limited for OPC Company and Limited for Public Company. The name of a company comply with the Company Name Availability Guidelines under Companies Act 2013 and rules
HOW TO RESERVE COMPANY NAME?
A RUN (Reserve Unique Name) is simple and a web-based application for Company Name reservation. The approved name under RUN Process is valid for a period of 20 days. Maximum name can be applied in one application is two and maximum two resubmission allowed.
B. SPICe (Simplified Proforma for Incorporating Company Electronically) Company Registration Filing process is an integrated single point application for Name reservation, Allotment of DIN for Directors and Incorporation, allotment of Permanent Account Number (PAN) and Tax Collection and Deduction Number (TAN) to the New Company. Under SPICe application process, only ONE name can be submitted for approval.
WHAT IS SHARE CAPITAL
No minimum capital (Authorised or Paid up Capital) requirement for registering a company, but registration fee payable to government is based on the capital maintained in the memorandum of the company.
The First Shareholders must bring the subscribed capital to the Company with in 60 days of Company Incorporation and the Company must issue share certificates to the subscribers.
REGISTERED OFFICE ADDRESS
Registered Office refers to the official correspondence address of a company or its principal place of business. The address of the Registered Office will be used for all official communications of the company.
COMMENCEMENT OF BUSINESS
Every company shall file with the registrar within 180 days from the date of registration, a declaration stating that they have brought the subscribed capital. After filing this declaration only a company can start business. If company failed to file this declaration, registrar will close the company
Promoters and DirectorsPrivate company required 2 promoters and 2 directors (can be same person). Any person including a company can become a promoter. But only individuals can be appointed as director.
Name of the CompanySelect suitable name for a company, which is unique and free from any trademark issue. Name can be verified from above form. The name of a private company end with Private Limited
Registered OfficeIdentity Registered Office of the company. A company can file temporary registered office address at the time of registration and after registration of company, within 30 days can file permanent address.
Prepare Forms and DocumentsUsing our tool, one can prepare documents for company registration like DIR 12 etc. All documents required for filing with incorporation shall be arranged.
Digital SignatureApply for digital signature by all subscribers and directors of the company.Minimum class 2 DSC is required for registering a company.
Filing and IncorporationOnce all documents are arranged and DSC is obtained, next stage is filing for registration with central registrar of Companies. Usually, in one week company will get incorporated.
To get Company registered, you need to provide below documents. The documents can be submitted through online
List of Documents
Permanent Account Number (PAN)
Aadhaar Card or
Driving License or
Latest Address Proof: Telephone Bill or
Voter Identity Card
Electricity Bill or
Bank Statement or
Bank Passbook with latest entries
Application for Digital Signature Certificate (DSC)
Declaration by Subscribers & Director: INC-9
Consent to Act as Director: Form DIR-2
Details/Information for DIN
Declaration of DIN (If DIN is allotted already)
The Documents Required for Registered Office are as given below
NOC Letter from the owner of the Property
31-04-2018 at 10 AM
How to Get a DIN?
Directors Identification Number (DIN) is an identification number issued by the Ministry of Corporate Affairs, Government of India, to Directors of a company or Designated Partners of an LLP. Now DIN is allocated alone with company registration or appointment of new director
Number of Shareholder and Directors of a Company
Minimum Number of 2 Shareholder and 2 Directors required for registering a Private Limited Company. OPC one shareholder and one director. Public company, 7 shareholders and 3 directors
Memorandum of Association (MOA)
MOA is the charter document of a company. A company is created by registering a memorandum. MOA contains the name of a company, the state in which the registered office of the company is located, objectives, and its authorised capital. The MOA will be subscribed by the initial promoters.
Articles of Association
AOA contains rules and regulations for the management of a company's internal affairs and conduct of its business. It defines the relationship of company between its members and directors and relation between members and directors. It also describes powers of directors. Further, the AOA describes the rights and duties of its members as well as the duties and responsibilities of its directors. In case of a private limited company, the AOA will contain the restrictions of transfer of shares, if any. Also, AOA usually contains the names of first directors of a company.
Registered Office refers to the official correspondence address of a company or its principal place of business. The address of the Registered Office will be used for all official communications of the company. The company shall affix the name and address of its registered office outside every office or place of business in a prominent position. Also, the name and address of its registered office should be mentioned in its business letters, bills and other official publications.
Authorised Capital or Registered Capital of a company is the upper limit of capital that a company can issue shares and collect money from shareholders. Company registration fee is payable to ROC and will be calculated on the basis of Authorised Capital. There is no requirement as to minimum Authorised Capital for registration of Company.