Now that we have discussed the benefits of online registration, let’s dive into the step-by-step process of incorporating your private limited company.
Step 1: Choose a Suitable Company Name
Selecting a unique and meaningful name for your company is crucial. Ensure that the name reflects your business’s nature and is not misleading or similar to existing registered companies. Conduct a thorough search on the online registrar’s website to check for name availability.
Step 2: Prepare the Required Documents
Gather the necessary documents for your company registration. This typically includes:
- Director Identification Number (DIN): Obtain DIN for all the proposed directors of your company. This can be done online by submitting the required documents and identity proofs.
- Digital Signature Certificate (DSC): Obtain DSC for the directors or authorized signatories. This ensures the authenticity and security of electronic documents filed during the registration process.
- Memorandum of Association (MoA) and Articles of Association (AoA): Draft the MoA and AoA, which define the company’s objectives, internal regulations, and shareholders’ rights. These documents must be signed by the subscribers in the presence of witnesses.
Step 3: Fill in the Online Application Form
Visit the online registration portal and fill in the necessary details in the application form. Ensure accuracy and completeness while providing information such as:
- Company name and registered office address
- Authorized capital
- Director details and their consent
- Shareholder details and their consent
- Details of the company’s proposed business activities
Step 4: Make the Required Payments
Once you have filled in the application form, you will be required to make the necessary payments online. The registration fee depends on the authorized capital of your company.
Step 5: Obtain Certificate of Incorporation
After successful payment, your application will be processed by the authorities. Within a few days, you will receive the Certificate of Incorporation, which marks the official existence of your private limited company.
