INCORPORATION OF PVT LTD COMPANY - STEPS IN BRIEF

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Basic Requirements:

1. Minimum number of Directors should be Two.
2. The share capital of the company should be minimum 1 lakh
3. There should be more than one subscribers to the MOA & AOA.
4. Digital Signature for both the directors.

Steps

1 > Obtain Digital signature for both the Directors

2 > Apply and obtain DIN for all the Directors

3 > Contemplate the proposed name for the new company and apply for approval through Form INC1 for the same to ROC. Approval will be subject to Name guidelines

4 > Draft the memorandum and Articles of association for the proposed company and same has to be signed by the Subscribers in the presence of the Auditor / Advocate / Company Secretary.

5 > The various forms, Declaration and affidavits has to be prepared and signed by the subscribers.

6 > On approval of name, have to file the Form INC 7, INC 22 and DIR 12 with in 60 days.

7 > On satisfaction of the above filed forms, the ROC will issue the Certificate of Incorporation which gives the birth to the company

8 > Then, apply for PAN & TAN for the new company

9 > Open a Bank account and bring in the share capital

Cost of Incorporation would comes to 40000/- approx

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