Private Limited Company Registration in india is governed by the companies act 2013. Previously it was Companies Act 1956. The new Companies has made the ease of doing business by the reducing the fee and easy structure of registration of company in india.
One interesting and important change done is that introduction of One Person Company, also known as One Director Company. Previously , minimum 2 directors and members was required to form a private limited company.
Steps for Private Limited Company registration in India:-
- Apply for the Digital Signature Certificate of the proposed Directors of the company.
- Simultaneously, Apply for the Name approval of the company to the Registrar of companies
- Once name is approved, it is required to draft the Memorandum of Association (MOA) and Article of Association (AOA) of the company. MOA and AOA are the important documents of the company and should be drafted carefully.
- Once MOA and AOA has been drafted, it is required to be submitted to the ROC along with PAN Card, ID Proof, address Proof of the Directors and Members to the Company. Address Proof for office premise is also required to be attached along with the form.
- Once ROC is satisfied with the Documents, he will issue the Certificate of Registration (COI).
Now your company is ready and now you can proceed for Bank Account Opening and Other Formalities.
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