HOW TO START A PRIVATE LIMITED COMPANY IN INDIA

Gone are those days when register a private limited company in India was a big hassle altogether. At present, the whole process has become much easier in the digitized era.  Importantly enough, the whole process doesn’t take too much of a time either and a concerned person be aware of the essentials and requirement of the whole process beforehand.  The following steps will definitely be a guide in registering a private limited company in India.

 Applying for Digital Signature form: A Digital Signature establishes or furnishes the identity of the sender or signee electronically while filing documents digitally.The proposed directors of the company to be formed need to apply for digital signature form, which is readily available in the authorized site.
 Obtaining Director Identification Number (DIN) for proposed directors of the company to be formed: This is the first step of the whole process. What will be the number of directors and who are going to be – completely depends on the company to be formed. DIN can be obtained within a couple of days from Ministry of Corporate Affairs.
 Filing the name of the company to the Registrar of Companies (ROC) for approval: The Directors of the proposed company need to submit the name for approval to the ROC. The ROC will only approve it there isn’t any other company or trademark with the same name. Let’s not forget that a minimum of one and a maximum of six proposed names can be submitted to MCA.
 Getting the hard copy details of Memorandum of Association (MOA) and Articles of Association: Here a legal document has to be prepared announcing the liability of the proposed company and defining relationship with the future shareholders. Side by side the terms and conditions of associations also need to be furnished without any delay.
 Payment of stamp duty online: The stamp duty rates vary from state to state at present. With the implementation of GST, it will be same for all the states in India.  At present the whole procedure has become much simply where people can simply pay the requisite stamp duty fees online.

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