Are you ready for registering your new company? The new company registration services online possess some important LTD Incorporation procedure. We at aanoorglobal are specialized in business registration services. The Company formation in India is now made easier through aanoorglobal! Found out here.
What is a Private Limited CompanyAs the name suggest, a Private limited company is formed by minimum of two members and maximum of two hundred members, the shares of which are held privately by the persons called as directors of the company. The Directors have limited liability to the creditors making it easy to start and raise funds. However they are monitored by the statutory bodies regulated by the Registrar of Companies (ROC).
Growing companies and start-ups choose a private limited company as it’s easy to raise fund outside, limit the shareholder’s liability and help them to provide employee stock option to make use of their talent.
Separate PAN number needs to be obtained for the company.
The government department responsible for actions of Companies in India.
Individual or an Institution who holds at least one share of the company known as equity, and they are essential owners in a company.
The funding required to run the company commonly known as Authorised capital and Paid up capital. While Authorised capital is limited by Registrar of Companies, Paid up capital is the paid portion of the shareholders.
The persons who hold the authority to decide the activities in a company are called Directors of the company, provided with unique DIN (Director Identification Number).
The office under the MCA which primarily deals with companies and their operations with reference to the Companies Act 1956 and Companies Act 2013. Applications to form a company with below details need to be submitted to Registrar of Companies.
The private limited company incorporation procedure is simple with aanoorglobal! Here are five simple steps to register a company.
Unique Name in which the company is proposed to be formed to be selected (with two alternative names) as per laid down regulations for choosing the name. The name provided needs to be suggestive and unique of the company businesses.
The very first step is to make sure the partners have applied for the Digital Signature, which is an online signature that is used for filling. If the directors already hold a DIN and DSC, then continue with the next step.
Memorandum of Association (MOA): It contains details of the company such as name, authorised capital, name of the state in which it has been registered, objects and liability of the shareholders.
Articles of association (AOA): The document contains regulations controlling the internal management of the company including rights and powers of the directors, rules by which the company must abide, including the conduct of meetings and business to be transacted.
Consent form by the proposed directors to act as director of the company (Form DIR 2).DIN number also called as Directors Identification Number, needs to be obtained.
You need to draft Articles of Associate and Memorandum of association once your name for a business is approved. Both AOA and MOA are filed with the MCA along with the statement of subscription.
After scrutiny of the submitted documents online, the ROC issues Certificate of Incorporation (COI).After receiving the COI, a private limited company need not wait for obtaining a Certificate of Commencement of Business (COC) and start the real business operation.
Bank accounts can be opened basis of the registration certificate and PAN card of the company along with the directors KYC documents. The paid up share capital must be bought into your bank account from the shareholders, which must reflect in the statement which in turn needs to be submitted for e-filing and tax purposes.. The subscribed share capital should be reflected in Bank statement and the same to be filed e-form for commencement of business along with board resolution with Registrar of Companies.
As an industry veteran with more than 10 years of experience is setting up various business ventures, we help you in setting up the business and help you do the online registration for your company, we provide following services
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