For registering a Company a minimum of 2 Directors are to be appointed whereas a maximum of 15 directors can be appointed. To register a Private Limited Company there is no limit over the minimum paid-up capital is required and the name of the company should end with Pvt Ltd.
Checklist for Registering a Company
- A minimum of 2 Directors who are residents of India.
- Minimum of 2 Shareholders and a maximum of 200 shareholders are required.
- A registered office address is required.
- All the documents are to be submitted online.
How to register a Private Limited Company?
Submission of Documents:
The identity documents of the 2 proposed Directors are to submit which include PAN Card or Passport.
Address Proof: Passport/ Driver License/ Election ID/ Ration Card/ Aadhar Card.
Residence Proof: Bank Statement/ Electricity Bill/Phone Bill.
Name Approval process:
Obtaining the Digital Signature Certificate:
SPICe+ Form Application:
Incorporation of the Company:
Current Bank account:
What are the Compliances for a Company registered?
Statutory Auditor Appointment: The Board of Directors has to appoint a Practising Chartered Accountant within 30 days of Incorporation to carry on the Statutory audit.
Commencement of Business: The Capital that is mentioned in the MOA is to be deposited in the bank and the certificate of commencement has to be obtained from the MCA.
Income Tax filing: The Companies that are registered in Mumbai have to file the income tax return each year in Form ITR 6.
Annual return: The Companies that are registered in Mumbai need to file the MCA annual return mandatorily each year in Form AOC 4 and MGT 7.
DIN KYC: The DIN KYC procedure must be completed each year for the proposed directors of the Company.