19 August 2011
Procedure involved to Start a Company (Private Limited) in India
Posted by kumaran on September 6, 2006
This information will be useful for those who are looking in a nutshell the steps involved to start a Private Limited company in India
1. First and foremost identify the Directors of the Company. Minimum of two directors need to present and Maximum of 8 is allowed. 2. All Directors should have DIN (Directors Identification Number). If you do not have one you can apply DIN online at www.mca.gov.in. FAQ on DIN http://www.mca.gov.in/MinistryWebsite/dca/faq/faq1.html Documents required for DIN
A. Identity Proof (Any one of the following) PAN Card Driving License Passport Voter ID Card Others (to be specified) B. Residence Proof (Any one of the following) Driving License Passport Voter ID Card Telephone Bill Ration Card Electricity Bill Bank Statement Others (to be specified)
3. Once you have got your DIN then you need to apply for Company name. You need to go with 5-6 names in the order which you prefer.If the name is not available then they go to the next one in the order you have provided.
4. You need to apply online for the name availability . You need to Fill in Form 1A. Forms are avilable at this location.http://www2.mca.gov.in/MinistryWebsite/dca/downloadeforms/eformTemplates/1030-Form1A_help.zip
5. Once you have got your name approved you have to apply for the Incorporation of Company. For this you will have to prepare Memorandum of Association which will detail what the company;s operations the first list of directors who are going the be in the board need to be defined in this document. This should be applied along with Form 1 http://www2.mca.gov.in/MinistryWebsite/dca/downloadeforms/eformTemplates/1022-Form1_help.zip. Ocne this has been approved make atleast 10-15 copies of your Certificate of Incorporation and Memorandum of Association and have it in a booklet form.
6. Once your company has been incorporated you can open a Current account in any of the leading banks for carrying out your operations. You will need to submit a copy of Certificate of Incorporation and Memorandum of Association along with Borad resolution to open the bank account.
7. Thenyou need to apply for TAN and PAN for the Company https://tin.tin.nsdl.com/pan/form49A.html https://tin.tin.nsdl.com/tan/form49B.html
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