Saturday, March 15, 2025
Google search engine
HomeUncategorizedProcedure of Incorporation of a Private Company in India

Procedure of Incorporation of a Private Company in India

A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company’s stock is offered, owned and traded or exchanged privately.

PROCEDURE TO BE FOLLOWED FOR INCORPORATING A COMPANY WITH INDIAN PROMOTERS:

Steps to incorporate Company with Indian Promoters are as under:-

Step I Apply for Director Identification Number (“DIN”)

The concept of DIN has been implemented under MCA21 e-Governance. All those who are intending to be Directors are required to apply for allotment of DIN. As such, all Directors should immediately apply for DIN on-line, save the same and take a print-out of the form after the provisional DIN is generated, affix photograph on the hardcopy, signatures on page 2 of the form below the undertaking, attach certified copy of any one of the proofs of identity and address (which contain parent’s name and DOB) and then mail the same to the Central DIN Processing Desk at the given address.    A fee of Rs. 100 is chargeable by MCA for this purpose. Applicant can apply for DIN through below link-

http://mca.gov.in/MCA21/dca/din/DIN.html 

Step II Apply For Digital Signature Certificate (DSC) 

A Digital Signature Certificate, like hand written signature, establishes the identity of the sender filing the documents through internet which sender can not revoke or deny. Accordingly, Digital Signature Certificate is a digital equivalent of a hand written signature which has an extra data attached electronically to any message or a document. Digital Signature also ensures that no alterations are made to the data once the document has been digitally signed. A DSC is normally valid for 1 or 2 years, after which it can be renewed.

There are various providers of Digital Signature-

MTNL, Ncode, TCS,etc.

Step III Name Availability Application

Subscribers or the Promoters have to file Form 1A giving the following information:

  • Names, occupation, Addresses and PAN No. or Passport No. of promoters/ Applicants;
  • Proposed name of the company;
  • Importance of the first word of the proposed name. If it is relevant to a company, it will be easier to get name;
  • Alternative or Optional names of the proposed company.;
  • Type of company – Private or Public;
  • Main Objects of the company in summarized form;
  • Names of the proposed 1st directors – minimum 2 in the case of a private company;
  • Addresses, dates of birth, father’s/husband’s names of the proposed directors;
  • Name of the state in which the company will be registered ;
  • Authorized Share Capital.

Following action will be initiated only after the approval of the desired name of the Company, by the ROC.

Step IV

After the name approval the following documents are required for incorporation of a Company:

  • Final MOA and AOA of the Company.
  • The Subscribers in their own handwriting have to give the following details in the subscribers’ sheet of the Memorandum and Articles of association of the company.

Name, Occupation, Father’s/husband’s name, Complete, Address, Number of Shares subscribed by each subscriber.

  • Power of Attorney duly executed by the subscribers to authorize any person to make all such corrections, alteration, addition and deletion etc., as may be necessary in the Memorandum & Articles of Association of the company and all documents filed with the ROC in connection with the registration of the proposed Company and to attest the same on the behalf of the subscribers.

Step-V

Filing of Memorandum & Articles of Association and other documents with ROC

The final step towards incorporating a company involves the following:

  • Filing of Form 1, with ROC furnishing details about the authorized and paid up capital, promoters and stamp duty on Form 1, MOA & AOA, along with the MOA & AOA and Power of attorney.
  • Filing of Form 18, with ROC, furnishing details about the proposed registered office address.
  • Filing of Form 32, with ROC, furnishing particulars about the proposed first directors of the company.

Registrar of Company will take some time to verify the details before issuing Certificate of Incorporation

Rohini Mishra
Rohini Mishrahttp://www.commerceduniya.in
I am the Co-Founder of this fascinating website Commerce Duniya
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments

Aashish Mishra on Job Vacancy
dre on Quiz9 Q2
dre on Quiz9 Q3
Travis on Quiz9 Q1
Travis on Quiz9 Q2
Travis on Quiz9 Q2
Travis on Quiz9 Q3
sanco on GK1 Q1
sanco on GK1 Q4
sanco on GK1 Q6
sanco on GK1 Q8
junior on Quiz8 Q2
junior on Quiz8 Q4
junior on Quiz8 Q5
junior on Quiz8 Q7
junior on Quiz8 Q1
junior on Quiz8 Q3
junior on Quiz8 Q6
junior on Quiz8 Q8
Victor on World5 Q1
Victor on World5 Q7
demo on Book3 Q5
demo on Book3 Q3
demo on Book3 Q6
demo on Book3 Q5
demo on Book3 Q4
demo on Book3 Q2
demo on Book3 Q1
Basil2 on Quiz7 Q6
Basil2 on Quiz7 Q4
Basil2 on Quiz7 Q5
Basil2 on Quiz7 Q5
Basil2 on Quiz7 Q7
Sid on World5 Q1
Sid on World5 Q2
Sid on World5 Q3
Sid on World5 Q4
Sid on World5 Q5
Sid on World5 Q6
Sid on World5 Q7
Sid on World5 Q8
mb14 on GK1 Q7
mb14 on GK1 Q6
mb14 on GK1 Q4
mb14 on GK1 Q5
mb14 on GK1 Q3
mb14 on GK1 Q2
mb14 on GK1 Q1
mb14 on GK1 Q8
sanco on Quiz9 Q3
Michael Martens on Quiz8 Q1
Michael Martens on Quiz8 Q2
Michael Martens on Quiz8 Q4
Michael Martens on Quiz8 Q3
Michael Martens on Quiz8 Q5
Michael Martens on Quiz8 Q8
Nick Votto on World5 Q1
Nick Votto on World5 Q2
Nick Votto on World5 Q3
Nick Votto on World5 Q4
Nick Votto on World5 Q5
Nick Votto on World5 Q6
Nick Votto on World5 Q7
Nick Votto on World5 Q8
hgn on GK1 Q5
hgn on GK1 Q6
hgn on GK1 Q8
Thomas on GK1 Q1
Thomas on GK1 Q2
Thomas on GK1 Q3
Thomas on GK1 Q4
Thomas on GK1 Q5
Thomas on GK1 Q6
Thomas on GK1 Q7
Thomas on GK1 Q8
Brian Allen on GK1 Q3
Brian Allen on GK1 Q2
Brian Allen on GK1 Q2
Brian Allen on GK1 Q1
Brian Allen on Quiz9 Q1
Brian Allen on Quiz9 Q2
Brian Allen on Quiz9 Q3
Helen Carter on Quiz7 Q6
Helen Carter on Quiz7 Q4
Helen Carter on Quiz7 Q5
Helen Carter on Quiz7 Q7
Nancy Evans on Quiz8 Q1
Nancy Evans on Quiz8 Q2
Nancy Evans on Quiz8 Q3
Nancy Evans on Quiz8 Q4
Nancy Evans on Quiz8 Q5
Nancy Evans on Quiz8 Q6
Nancy Evans on Quiz8 Q7
Nancy Evans on Quiz8 Q8
James Smith on World4 Q2
James Smith on World4 Q3
James Smith on World4 Q4
James Smith on World4 Q5
James Smith on World4 Q6
James Smith on World4 Q1
Jeff King on Book3 Q5
Jeff King on Book3 Q4
Jeff King on Book3 Q3
Jeff King on Book3 Q2
Jeff King on Book3 Q1
Linda Walker on Quiz9 Q1
Linda Walker on Quiz9 Q2
Linda Walker on Quiz9 Q3
Linda Walker on World5 Q1
Linda Walker on World5 Q3
Linda Walker on World5 Q2
Linda Walker on World5 Q4
Linda Walker on World5 Q8
Linda Walker on World5 Q7
Linda Walker on World5 Q5
Linda Walker on World5 Q6
Donald Gracia on Quiz7 Q4
Donald Gracia on Quiz7 Q6
Donald Gracia on Quiz7 Q5
Donald Gracia on Quiz7 Q7
Donald Gracia on Quiz7 Q5
Donald Gracia on Quiz7 Q7
Betty Adams on GK1 Q1
Betty Adams on GK1 Q3
Betty Adams on GK1 Q3
Betty Adams on GK1 Q4
Betty Adams on GK1 Q5
Betty Adams on GK1 Q6
Betty Adams on GK1 Q7
Betty Adams on GK1 Q8
Prathibha Prakash on commerceduniya
surya prakash kumawat on Vacancies of CA Articleship in Delhi NCR
i want all ipcc exam paper of last five years on Question paper of Advanced Accounting May 2013 exam of CA IPCC
syed on commerceduniya
sonali navale on commerceduniya
ramesh on commerceduniya
jailaxmi.ece@gmail.com on Contract Law_Answer_Dec 2011
miankshee on commerceduniya
yatish lalwani on dariakoreczak@gmail.com
Parvez Virani on dariakoreczak@gmail.com
Rahul Vats on mabum2@facebook.com
Narendra Boyina on Gimme one more chestnut!
Gayatri Sinha on
cduniya on industrial_training