Register A Private Company

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Form of Business
Register Private Limited Company
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Meaning!!

• A private limited company is the company, which
  arranges its funds from the owners and the
  relatives of the owners of the company only and
  not from outsiders.
• It is a voluntary association of not less than
  two and not more than 200 members, whose
  liability is limited.

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Advantages
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What are the Advantages

1. Limited Liability In a Private Limited Company
   the liability of the shareholders is limited. The
   liability of the members of a company is limited
   only to the extent of the face value of shares
   taken up by them.
2. Separate Legal Entity The Private Company has
   Separate Legal Entity i.e. the Private Company
   and the Members are distinct from each other.  
3. Minimum Capital Requirement There is no minimum
   capital requirement for formation of Private
   Limited Company.

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What are the Advantages

• 4. Foreign Direct Investment Private Company is
  eligible to receive Foreign Direct Investment in
  terms of RBI Guidelines and FEMA Provisions.
• 5. Scope of expansion Scope of expansion is
  higher because easy to raise capital from
  financial institutions and the advantage of
  limited liability

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Conditions
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What are the Conditions

1. Minimum 2 Two Shareholders.
2. Minimum 2 Two Directors.
3. At least 1 One Director should be an Indian
   Resident.
4. Directors Shareholders can be same person.
5. Any amount of share capital. No Minimum
   requirement.
6. Director Identification Number DIN for all the
   directors.
7. Digital Signature Certificates DSC for all the
   directors.

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Steps
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What are the Steps

• Now, an entrepreneur can incorporate a Private
  Company by simply following up two steps
• STEP 1 Acquire and Register DSC of all the
  directors
• STEP 2 Filing of Incorporation Documents in form
  Spice 32
• Once we obtain the DSC, We have to start the
  process of drafting documents for incorporation.

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What are the Steps

• E-Form Spice 32 deals with the single application
  for approval of name of the company,
  incorporation of a new company and/or application
  for allotment of DIN up to 3 Directors. This
  e-Form is accompanied by supporting documents
  including details of Directors subscribers,
  E-MOA and E-AOA etc.
• Thereafter pay the prescribed registration fee
  as per Company Incorporation Rules, based on the
  total capital of subscribers in the proposed
  Company.
• Once the e-Form is processed and found complete,
  company would be registered and CIN would be
  allocated. Also DINs gets issued to the proposed
  Directors who do not have a valid DIN.

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Documents Required
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What are the Documents Required
S. No Particulars Documents required
1 Digital Signature Signed Original Application One Color Photograph of the Applicant Photograph should be crossed signed on the application Signed Copy of PAN Signed Copy of Address Proof Valid Email Address Mobile Number  
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What are the Documents Required
2 Director Identification number (DIN) ID Proof- self attested copy of PAN Address Proof - self attested copy of voter ID or passport or Driving License One Color Passport size Photograph Area of Occupation (whether Self Employed / Professional/ Homemaker/ Student/ Servicemen) Educational Qualification Certificate Valid Email Address Mobile Number.
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What are the Documents Required
3. Incorporation Documents E-MOA E-AOA, Subscriber Sheet digitally signed by the subscribers to the shares Declaration by the Directors in Form No. INC-9 Consent to act as director of a company in Form No. DIR-2 Details of Director interested in other Company in MBP-1 Proof of Registered office of the Proposed address of the Company (Latest Electricity Bill, Phone Bill, Water Bill signed by the owner) which should be accompanied by NOC duly signed by the owner of the premises) Number of the shares subscribed by subscriber. Consent of nominee Proof of identity and residential address of the nominee
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Thanks!

• Any questions?
• You can find us at complianceship_at_gmail.com