- A company is formed with minimum 2 directors and minimum paid up capital of Rs 1 Lac. The best way to start a business is to form incorporate Private Limited/ Public Limited company because it has many advantages like Increase in Number of Members, Directors, Separate Legal Entity, Easy Compliance, etc.
- As Ministry Of Corporate Affairs (MCA) 21 project has made it possible to get company incorporated without visiting any registrar office. Entire formation is completed online, from getting Directors Identification Number (DIN) to getting Certificate of Incorporation.
- To register a company, you need to first apply for a Director Identification Number (DIN) which can be done by filing eForm for acquiring the DIN. You would then need to acquire your Digital Certificate and register the same on the portal. Thereafter, you need to get the company name approved by the Ministry. Once the company name is approved , you can register the company by filing the incorporation form depending on the type of company
Steps to be taken to incorporate a new company:
Step 1: Apply for Directors Identification Number (DIN) of all the proposed Directors of the Company.
Step 2: Select, in order of preference, at least one suitable name upto a maximum of six names (with their meanings), indicative of the main objects of the company.
Step 3: After the name approval the applicant can apply for registration of the new company by filing the required forms within 60 days of name approval
Step 4: Arrange for the drafting of the Memorandum and Articles of Association (MOA & AOA) by the solicitors, vetting of the same by ROC and printing of the same.
Step 5: Submission of MOA & AOA to ROC.
Step 6: Receiving Certificate of Incorporation/ Commencement of Business as being completion of Registration of the company.
