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Requirements for Private Limited Company Formation

September 27, 2016 by Tejaswi Kumar Singh

At least 2 Directors and 2 shareholders are required to form a Private Limited Company. A person can be a Director as well as the shareholder of the company and a physical property is also required which can be owned or rented by the Director of the Company.

To formulate a Private Limited Company, A Chartered Accountant, Company Secretary or a Lawyer is required to do the filings for the formation of Private Limited Company. Ministry of Corporates Affairs deals with all the filings procedures. 

Minimum Requirement

  • Minimum 2 people are required to form a Private Limited Company. One should be the Resident of India
  • Registered office located in India
  • Digital Signatures are required of the shareholders as well as the Directors
  • Director Identification number (DIN) of Directors will be created at the time of incorporation. Which will valid for the lifetime of the Directors
  • Every shareholder should at least have one share of the company and capital contribution is required at the time of incorporation

The Mandatory Documents required to Register a Private Limited Company in India are:-

Sr. No.

Forms

Particulars

Documents Required

1

DSC Form

DSC

(Digital Signature Certificate)

  • DSC form signed by the Directors and Shareholders

  • ID Proof (Pan Card)

  • Address Proof (Aadhaar Card/Driving License/Voter ID Card/Passport/Telephone Bill/Electricity Bill/Ration Card/Bank Statement)

  • Passport size photo of all the parties under company

2

 

DIR 3

DIN

(Director Identification Number)

 

  • ID Proof (Pan Card)

  • Address Proof (Aadhaar Card/Driving License/Voter     ID Card/Passport/Telephone Bill/Electricity Bill/Ration Card/Bank Statement)

  • Passport size photo of  the Directors

3

Form INC 1

Application for reservation of name

  • Max 6 names can be given on priority basis to apply in MCA

  • Significance of the proposed names also required in the Form

4

Spice 32, 33 & 34

 Incorporation document, subscriber’s statement, MOA & AOA.

  • Incorporation documents that are duly made incorporators and attested by the incorporating parties.

5

INC 22

Registered Office Address

  • Utility Bill(Gas Bill, Electricity Bill, Mobile Bill & Telephone bill. Anyone form the 4)

  • Proof of property (Rent agreement, if  case of rented property. If the property is owned than House Tax Receipt or Ownership deed)

  • NOC (No Objection Certificate) is required to be signed by the Owner of the Property

 

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