Introduction

Registering a Private Limited Company is an essential step for entrepreneurs looking to establish a formal business entity. This structure provides limited liability protection to its owners, allowing for growth and investment opportunities.

Steps for Private Limited Registration

1. Obtain Digital Signature Certificate (DSC)

• All directors must obtain a DSC to sign electronic documents. This can be acquired from certifying authorities recognized by the Ministry of Electronics and Information Technology.

2. Obtain Director Identification Number (DIN)

• Each director must apply for a DIN, which is a unique identification number issued by the Ministry of Corporate Affairs (MCA). This can be done online through the MCA portal.

3. Name Approval

• Choose a unique name for the company that adheres to the guidelines provided by the MCA. You can propose one or more names and submit them for approval using the RUN (Reserve Unique Name) form.

4. Drafting of Memorandum and Articles of Association (MoA and AoA)

• The MoA defines the scope of activities of the company, while the AoA contains the rules and regulations governing the company’s operations. Both documents need to be drafted carefully as they are crucial for the registration process.

5. Filing of Registration Application

• File the incorporation documents with the Registrar of Companies (RoC) using the SPICe+ form. This includes:
  • MoA and AoA
  • Proof of registered office address
  • Identity and address proof of directors and shareholders
  • Declaration by the directors

6. Payment of Registration Fees

• Pay the requisite fees based on the authorized capital of the company. The fee structure is available on the MCA website.

7. Certificate of Incorporation

• Upon successful verification of the application and documents, the RoC will issue a Certificate of Incorporation, which is the legal proof of the company’s existence.

8. Apply for PAN and TAN

• After receiving the Certificate of Incorporation, apply for the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) through the NSDL website.

9. Open a Bank Account

• Open a bank account in the name of the company using the Certificate of Incorporation and PAN.

10. Compliance with Post-Incorporation Requirements

• Comply with the post-incorporation requirements, such as holding the first board meeting, issuing shares to shareholders, and maintaining statutory registers.

Required Documents

To successfully register a Private Limited Company, you will need the following documents:

1. Identity Proof of Directors and Shareholders:
   • Aadhar card, Passport, Voter ID, or Driving License.
2. Address Proof of Directors:
   • Utility bills, bank statements, or any government document showing the current address.
3. Registered Office Address Proof:
   • Rent agreement (if applicable) along with a no-objection certificate from the property owner.
4. MoA and AoA:
   • Drafted and signed by all the directors and shareholders.
5. Digital Signature Certificate (DSC):
   • For all directors.
6. Director Identification Number (DIN):
   • For all directors.
7. Passport-sized Photographs:
   • Recent passport-sized photographs of all directors.
8. Bank Account Statement:
   • If available, for any capital contribution.

Conclusion

Registering a Private Limited Company is a straightforward process when followed step by step. At Jitva Foundation, we offer support and consultancy services to guide you through the registration process, ensuring compliance with all legal requirements.

For more information or assistance with your registration process, contact us at [email protected] or visit our website at www.jitva.in.