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Pvt. Ltd. Company Registration Process In India

Pvt. Ltd. Company Registration Process in India, Company Registration Process

Pvt. Ltd. Company Registration Process in India

A Pvt. Ltd. Company (PLC) is the most popular and highly recommended form of business structure in India. It is a type of company that is privately held for small and medium enterprises. So, you need to complete the company registration process before starting a private limited company.

If you are the one who is considering starting a Pvt. Ltd. Company, then understanding the registration process is important for you. Private limited companies offer various advantages in terms of credibility, limited liability protection and ease of raising funds, etc. 

Given below are steps of the private limited company registration process.

  • Obtaining Digital Signature Certificate (DSC) And Director Identification Number (DIN): The first step of the private limited company registration process is to get a Digital Signature Certificate (DSC) for all the proposed directors. This certificate is used to ensure the authenticity of the documents that are uploaded online during the registration process. After obtaining the DSC, The next step is to obtain a Director Identification Number (DIN) for the directors of the company. DIN is provided by the Ministry of Corporate Affairs and is used to identify the directors of the company. It is a mandatory requirement for Pvt. Ltd. Company registration and each director must have a unique DIN.

Pvt. Ltd. Company Registration Process in India, Company Registration Process

  • Choose a Unique Company Name and Get It Approved: Selecting a unique name for your Pvt. Ltd. Company is important. The company name must be approved by the Ministry of Corporate Affairs (MCA) before applying for the private limited company registration process. The company name must be unique and end with the words “private limited”.
  • File the Application for Company Registration or Incorporation: After obtaining the DSC, DIN, and name approval, the company can Comprar cialis generico barato en españa apply for incorporation. The incorporation process involves submitting the required documents, such as the Memorandum and Articles of Association, to the Registrar of Companies (ROC).

The MOA defines the company’s main objectives, power, and limitations. While the AOA contains the rules and regulations for how the company runs and manages the internal affairs of the private limited company.

  • Pay the Fees for Registration: You need to pay the registration fees at the time of filing the registration application of the private limited company. The fee structure is available on the Ministry of Corporate Affairs website and payment can be done online through various modes of payment.
  • Obtain Incorporation Certificate:  Once the Ministry of Corporate Affairs receives your company registration application and approves the documents, the registrar of companies will issue a Certificate of Incorporation. The Certificate of Incorporation serves as proof of the Pvt. Ltd. Company’s registration. It involves the company’s date of incorporation, Corporate Identification Number (CIN), and other important details.
  • Register for Goods And Service Tax (GST) And Obtain a Permanent Account Number (PAN) And Tax Account Number (TAN): If your Pvt. Ltd. Company supplies goods or services, you must register for Goods and Services Tax (GST). GST registration is done through the GST portal.

You must also apply for the company’s Permanent Account Number (PAN) and Tax Account Number (TAN) with the Income Tax Department.

Pvt. Ltd. Company Registration Process in India, Company Registration Process

  • Open a Bank Account: In the final step of the company registration process, you can now open a bank account in the name of Pvt. Ltd. Company which will be used for the company’s financial transactions.

Pvt. Ltd. Company Registration process provide many benefits and also the process is easily accessible with online filling of documentation for company registration. The following steps will guide you in the registration process of your company so you start your business journey confidently.

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