Steps to Register a Private Limited Company in India

Navigating the Process to Registering a Private Limited Company in India

A private limited company involves private ownership instead of public utility. The benefit of owning a private limited company is that it has a limited liability. The only disadvantage is that it is challenging to liquidate the shares of a private registered company. Registering a private limited company is quite a tedious process. But with the right form of guidance, this process also becomes simple. Let us understand in this blog the simple steps in registering a private limited company in India.

1.Approval of the RUN Name

The first step in registering your company is approving the business’s name. Submit one or two names to the Ministry of Corporate Affairs of India along with the aim of your business. This process takes 5 days to complete. If your name gets rejected, you can re-apply with a different name. There are no limits regarding the same.

2.Digital Signature

As India is moving towards a digital nation, digital documents and signatures play a very important role in registration. This is because, with hard-copy documents, there is the possibility of forgery and misplacement. So, the Government of India has made it a rule to submit digital signatures. For this process, the Certification Authority of India would approve all the documents and provide a digital signature to the Ministry of Corporate Affairs or MCA. To obtain a digital signature, if you are an Indian citizen, you must provide KYC and identity proof. And if you belong to a foreign country, you must provide passport details and other related documents.

You can also read : Company Registration In Gujarat

3.Direct Identification Number

A Direct Identification Number is a number specified for the company’s director. In the company registration form, the DIN and identity proof of the director are required. While filling out the form, you will receive the Direct Identification Number. It can be obtained for a maximum of 3 directors in one company.

Incorporation Certificate

Once all the formalities, directories, and applications are submitted, the Registrar of Companies will analyse the application. Once the application is verified, the company’s Certificate of Incorporation is issued along with PAN and TAN associated with the Income Tax department. You will also be sent an email regarding this matter.

Conclusion

Although registering a company may sound like a tedious and humongous process, it is simple and takes a maximum of 1 or 2 weeks to complete. After completing this process, you can start your business without complications and with full energy. For more information visit Tatva Consultancy Services