Establishment of Business is very crucial phase for any businessman as one has to comply with all legal requirements in addition to launch the business market. The entrepreneurs, willing to focus on launch and set-up business, search to start Private Limited Company Registration without any hassle concerning the legal procedure for incorporation of company.
Step 1: Procure Digital Signature Certificate:
The requirement of DSSCs arises for filling of e-forms on online portal of MCA as the Ministry has prescribed provided for online registration procedure for company incorporation and other applications. Digital Signature Certificate, commonly known as DSC are issued by the Certifying Authority in token form and is valid for 1 or 2 years.
The personnel involved in company formation in India are Subscribers and Directors for proposed company. The Subscriber is a person who is the promoter of the company and proposed shareholders. The said shareholders are required to file e-MOA and e-AOA by affixing DSCs whereas proposed directors shall obtain DIN by making an online application in next step.
List of Documents for Digital Signature Certificate:
- Passport size photograph of applicant;
- Self-attested Address proof of applicant; and
- Self-attested PAN card of applicant.
Step 2: Obtain Director Identification Number
Director Identification Number (DIN) is a unique number assigned by Ministry of Corporate Affairs to the individual making an application for allotment of DIN. The number is allotted for lifetime by the Ministry unless it is surrendered or withdrawn.
obtaining DIN is mandatory to be appointed as Director in any Company. The Director Identification Number obtained can also be used for appointment for any other company and appointment as Designated Partner in the LLP.
What are the documents required for application of DIN?
- Passport size photograph of applicant;
- Self-attested Address proof of applicant; and
- Self-attested PAN card of applicant.
Step 3: Reservation of Name
An Application for Reservation of Name of Private Limited Company Registration in India shall be made in e-Form INC – 1 by making payment of requisite fees. In one application you may provide maximum 6 names in preferential order along with the significance for application for proposed name(s). The appointed professional shall make a search for availability of name before filling the application so that the applicant can make application of the names accordingly. The Registrar enjoys 100% discretion for approval of name application.
The person shall make an application for name approval considering the provisions laid down by the Act. Further, following general practise are adhered to choose and apply the name:
- The name should be easy to spell and remember;
- The name shall be able to provide a distinct identity to the company;
- It should be short & simple;
- The name should not contain any word as opposed to public policy or prohibited;
- It should not infringe any Trademark registered nor shall be similar or identical to any company/ LLP registered.
