STEP BY STEP PROCESS TO INCORPORATE PRIVATE LIMITED COMPANY UNDER COMPANIES ACT 2013

With the Enactment of New
Companies Act, 2013 all the
Forms, Documents, Fees and Other requirements relating to Company Incorporation have
changed. There are a lot of changes in document requirement and a whole new set
of documents have been made mandatory by the new act. In the following article we
will try to make a simple step by step presentation on “How to Incorporate
a Company Under Companies Act, 2013”.


STEP
1- GET DSC FOR THE DIRECTOR
The first step in registering a new
company is to get a Digital Signature Certificate (DSC) for one of the Director
of the
proposed company. The DSC can be purchased from
the RA of the DSC Certifying Authorities.

Time Duration- 5-7 Days

STEP
2- GET DIN FOR ALL THE PROPOSED DIRECTORS IN DIR-3
Next Step is to get Director
Identification Number for the proposed directors of the
company. Remember that minimum 2 and minimum 3 Directors are required for
Private and Public Company respectively. The
new Form for DIN application is DIR-3.
 
Attachments required with DIR-3
includes:
1. A passport Size photo of the Director
2. PAN of Director
3. Proof of Residence of the Director
4. Copy of Verification in
Form DIR-4

Time Duration- 1 Day*

STEP3-
APPLY FOR NAME OF THE COMPANY IN FORM INC-1
Third Step in Company registration is to get name approved by filing form INC-1. In form
INC-1 the promoters of Company can select up to 6 names for the
proposed Company in their order of preference. 
Attachments required with INC-1:
1. Board Resolution from Existing
Company, if the name of proposed company is similar to that of any Other
Company

RECOMMENDED READ  MCA tweaks norms for DIN, excludes requirement of PAN in data bank of eligible independent directors

Time Duration- 1 Day*


STEP
4- FILE FORM INC-7, INC-22 and DIR 12 FOR COMPANY INCORPORATION
After Getting the name approved the
promoters of the company get 60 days time frame to file documents for Company Registrations. INC-7 for Application for Incorporation of Company,
INC-22 For Registered Address of the Company and DIR-12 for the appointment of
Directors and Managing Directors.
Attachments with INC-7
1. MOA and AOA signed by all the
Subscribers of the Company
2. INC-8, signed by a Chartered
Accountant/ Advocate/ Cost Accountant/ Company Secretary
3. INC-9 form in Affidavit from each
Subscriber
4. Specimen Signatures and Photo of all
the Subscribers to the Memorandum
5. PAN of all the Subscribers
6. Identity Proof Of all the Subscribers
7. Proof of Residence of all the
Subcribers
8. NOC in case of change in Promoters
Attachments with INC-22
1. Lease Deed
2 NOC from the Owner of Business
Premises
3. Proof of Ownership from the Owner (In the Form of Utility Bills)
Attachments with DIR-12
1. INC-9 form in Affidavit from each
Subscriber
2. DIR-2 Deceleration from each Director

Time Duration- 7-30 Days*

STEP
5-COMMENCMENT OF BUSINESS IN INC-21
After Receiving registration certificate
and CIN of the company, file form INC-21 for Commencement of Business, as it is
made mandatory for all the Companies.

Time Duration- 1-7 Days*


*The time Duration mention are as without taking into account errors in form
for which Resubmission is allowd upto 1 time by MCA and other Backlogs in MCA.

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