INCORPORATION OF A PRIVATE LIMITED CO.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2011 WE ARE PREPARING OURSELVES TO INCORPORATE A PRIVATE LIMITED CO. WITH 2 DIRECTORS AND 5-7 SHAREHOLDERS WITH AN AUTHORIZED SHARE CAPITAL OF RS. 10,00,000/-. NONE OF THE DIRECTORS HAS A DIN. ALSO NO DIGITAL SIGNATURE HAS BEEN OBTAINED IN THE NAME OF ANY OF THE DIRECTORS. COULD ANY ONE PROVIDE THE DETAILS REGARDING FEES TO BE PAID TO THE REGISTRAR FOR IT'S INCORPORATION AND VARIOUS OTHER CHARGES FOR GETTING THE DIGITAL SIGNATURE AND OBTAINING DIN. ALSO PLEASE GUIDE US THROUGH THE STEP BY STEP PROCEDURE TO BE FOLLOWED WHILE REGISTERING THE CO. AND THE VARIOUS FORMS TO BE FILED IN THIS REGARD. IF THERE IS ANY INTERNET LINK TO THE SAME, PLEASE PROVIDE IT. (IT IS PROPOSED TO INCORPORATE THE SAME IN GUJARAT). WE KNOW THAT WE WOULD BE WASTING YOUR USEFUL TIME. BUT, WE WOULD BE HEARTILY THANKFUL FOR YOUR KIND SUPPORT. THANKS IN ADVANCE. Your reply would even prove to be a golden suggestion.

Guest

Guest (Expert)

10 May 2011 Hei Frnd these are the Steps,

1. eForm DIN-1 has to follow the offline eFiling process. For more details regarding the same visit eFiling FAQ's.

2. Attach the photograph and scanned copy of supporting documents i.e. proof of identity, and proof of residence as per the guidelines. Physical documents are not required to submit at DIN cell.

3. Along with the supporting documents, verification by the applicant for applying for allotment of Director Identification Number (DIN) shall also be attached. This shall contain the Name, Father’s name, date of birth and text of declaration and physical signature of the applicant.

4. The eForm shall have to be digitally signed and shall be uploaded on MCA21 portal.

5. Upon upload, Pay the fees for DIN1 eForm. Only electronic payment of the fees shall be allowed (I.e. Netbanking / Credit Card). No challan payment will be accepted under revised procedure of DIN allotment.

The applicant is required to get himself/herself registered on the MCA21 Portal to obtain login id, which is necessary for payment of the fees.

After obtaining the login-id, Login to the MCA21 portal and click on 'eForm upload' link available under the 'eForms' tab for uploading the eForm DIN 1. eForm DIN-1 will be processed only after the DIN application fee is paid.

6. Upon upload and successful payment,

In case Form DIN 1 is signed by a practicing professional and details have not been identified as potential duplicate, Approved DIN shall be generated and if the details have been identified as potential duplicate, Provisional DIN shall be genrated.

In case Form DIN 1 is signed by an applicant or by the Managing Director/ existing director of the Company in which the applicant is a Director or the Company Secretary in full time employment of the Company, or details have been identified as a potential duplicate, provisional DIN shall be generated.

7. Processing of e Form DIN 1

In case, DIN 1 gets certified by the professional ( i.e. CA/ CS/ CWA in whole time practise), the DIN will be approved by the system immediately online(in case it is not potential duplicate). In case of signing by any other signatory (i.e. director/ Managing Director/ secretary of the company with which applicant is to be associated), the MCA DIN cell will examine the e Form DIN 1 and same shall be disposed of within one or two days.

8. Intimate approved DIN to your Companies

On approval of DIN, intimate your DIN to all the company (ies) (within a period of 30 days from the date of approval) in which you are a Director, in form DIN-2. Form DIN-2 can be downloaded and printed from the 'DIN' link on the homepage of MCA portal.

9. Company to intimate your DIN to ROC

After the Director has intimated the DIN allotted to the company(ies). The Company(ies) is/are then required to intimate the DINs of its directors to the ROC in Form DIN-3 within a period of seven days of receiving form DIN-2.(Filing of DIN-3 is applicable only in cases, where the date of appointment of director(s) in such company(ies), is prior to September 1 , 2007)

10. Post-approval changes in particulars of DIN-1

If there is any change in the particulars submitted in form DIN-1, applicant can submit e-form DIN-4 online. For instance in the event of change of address of a director, he/ she is required to intimate this change by submitting eform DIN-4 along with the required attested documents.

Steps to be taken to get a new company incorporated:

Select, in order of preference, at least one suitable name upto a maximum of six names, indicative of the main objects of the company.

Ensure that the name does not resemble the name of any other already registered company and also does not violate the provisions of emblems and names (Prevention of Improper Use Act, 1950) by availing the services of checking name availability on the portal.

Apply to the concerned RoC to ascertain the availability of name in eForm1 A by logging in to the portal.

A fee of Rs. 500/- has to be paid alongside and the digital signature of the applicant proposing the company has to be attached in the form.

If proposed name is not available, the user has apply for a fresh name on the same application.

After the name approval the applicant can apply for registration of the new company by filing the required forms (that is Form 1, 18 and 32) within 60 days of name approval

Arrange for the drafting of the memorandum and articles of association by the solicitors, vetting of the same by RoC and printing of the same.

Arrange for stamping of the memorandum and aticles with the appropriate stamp duty.
Get the Memorandum and the Articles signed by at least two subscribers in his/her own hand, his/her father's name, occupation, address and the number of shares subscribed for and witnessed by at least one person.
Ensure that the Memorandum and Article is dated on a date after the date of stamping.

Login to the portal and fill the following forms and attach the mandatory documents listed in the eForm

Declaration of compliance - Form-1

Notice of situation of registered office of the company - Form-18.

Particulars of the Director's, Manager or Secretary - Form-32.

Submit the following eForms after attaching the digital signature, pay the requisite filing and registration fees and send the physical copy of Memorandum and Article of Association to the RoC

After processing of the Form is complete and Corporate Identity is generated obtain Certificate of Incorporation from RoC.

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Querist : Anonymous

Querist : Anonymous (Querist)

10 May 2011 Thanks a lot mr. sriram

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Querist : Anonymous

Querist : Anonymous (Querist)

10 May 2011 However, I was desirous to know about the fees payable on the authorized share capital of Rs. 10,00,000/-. Does it turn out to be Rs. 26,000/-? What other expenditures shall we have to incur for the incorporation (on an estimated basis) and what would the total amount of expenditure turn out to be? Thanks a lot in advance. Your reply to the previous message was very informative.

CS ,CMA Shambhu Kr. jha

CS ,CMA Shambhu Kr. jha (Expert)
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12 May 2011

For incorporation of a company with Rs 10,00,000/- you have to paid Rs 157000/- break-up for the same are given below .

From of filling Form -1 incorporation of companies -nominal fee Rs 500/-
MoA Normal 156,000.00
AoA Normal 500.00
Total 157,000.00
Including all incorporating fee
Apart that there is other fee that is need to be paid as for applying DIN number that is not company 's expenditure that need to paid by that particular director .

Hope it will be helpful to you an extend
Thanks

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