Wednesday 26 March 2014

Major Steps concerned In Registration of Private Limited Company

1: Receiving DIN
DIN can be obtained by making an application online. All the obtainable and intending Directors have to get hold of DIN within the given time-frame as notified in Sections 266A to 266G of Companies (Amendment) Act, 2006.
2: receiving DSC
Digital Signature can be obtained from any of the Certifying Authorities in India. It is mandatory as all the filings done by the companies under MCA21 e-Governance programmed are need to be filed online with the use of Digital Signatures by the person authorized to sign the papers.
3: Name Filing
After finalization of name, an application of name availability has to be filed in form 1. Please note that selection of name is subject to Guidelines issued by MCA.
4: Drafting Of MOA & AOA
MOA is a document that sets out the constitution of the company. It contains the main objectives, supplementary/ subsidiary objectives for the achievement of the main objectives, other objectives and the scope of activity of the company and also describes the relationship of the company with the outside world.
AOA contains the rules and policy of the company for the management of its internal affairs. It states the authorized share capital of the planned company and the names of its first/ permanent directors.
NOTE: While the memo specifies the objectives and purposes for which the Company has been created, the Articles lay down the rules and policy for achieving those objectives and purposes.
5: Filing Of Form 1, 18 & 32
Form 1 – It is an application or statement for incorporation of a company along with MOA & AOA.
Form 18 – It is an application to be filed by one of the directors of the company informing the ROC the registered office of the planned company.
Form 32 – It is an application stating the fact of engagement of the planned directors on the board of directors from the date of incorporation of the planned company and is signed by one of the planned directors.
6: Receiving Certificate of Incorporation
The ROC will issue Certificate of Incorporation after careful review of papers submitted in the above stated steps. Section 34(1) cast an compulsion on the ROC to issue a Certificate of Incorporation, normally within 7 days of the receipt of documents. A Private Limited Company can start its business instantly on receiving the Certificate of Incorporation.



First Edge eFinancial Services are providing services in year 2009, and in a short extent of 2.5 years, it skilled more than 200 incorporations including all forms like Private Limited Companies, LLPs, Societies, Trusts etc.

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