Incorporation Of A Private Limited Company In Bangalore
Procedures And Steps Involved
Stage I – Pre-registration Process
|Requirements||Private Limited Co.|
|Shareholders / Promoter||2|
|Authorised Capital||Rs 1.00 Lacs|
The proposed Director ought to have a legitimate DIN (Director Identification Number) dispensed by the Ministry of Corporate Affairs. One of the Directors ought to have a substantial Digital Signature Certificate issued by the Certifying Authorities endorsed by the Ministry of Corporate Affairs.
Some situations it takes 3 to 5 working days for getting DIN. Digital Signature can be applied and approved in a day.
State II – Name Availability
Organization Registration in India begins with recording of an application for Company Name. The picked name for an organization ought to be one of a kind all over India. More often than not in a day or two, concerned ROC affirms the name if the connected name is not same or firmly like the name of a current organization and the proposed name is as per the rules issued by the Ministry of Corporate Affairs (MCA).
Stage III – Documentation
On getting the organization name affirmed by the workplace of ROC, the accompanying reports should be drafted in accordance with the Requirments of Companies Act.
- Memorandum of Association (MOA)
- Articles of Association (AOA)
On finalizing the MOA and AOA, necessary stamp duty needs to be paid and the same should be subscribed/ signed (by own hand and signature) by promoters (first shareholders) after writing his name, fathers’ name, residential address and occupation. A registered company can subscribe these documents though a representative authorised by a resolution / specific power of attorney by the Company.
State IV – Filing and Registration
After execution of MOA and AOA, the same must be field with the with ROC alongside the accompanying structures through MCA Portal:
The office ROC will scrutinize the incorporation documents. If the documents are found in order, the Company will be registered and the Certificate of Incorporation will be issued by the Registrar.
Privately owned business can begin business operations instantly in the wake of acquiring the Certificate of Incorporation.
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