Starting a business in India? One of the most popular and trusted business structures is a Private Limited Company. It offers limited liability, better credibility, and easier access to funding. Here’s a step-by-step guide to help you understand the process.
Step 1: Obtain Digital Signature Certificate (DSC)
Every director must have a DSC to sign documents electronically.
Step 2: Apply for Director Identification Number (DIN)
DIN is a unique identification number for company directors.
Step 3: Name Approval
Choose a unique company name and get it approved from the Ministry of Corporate Affairs (MCA).
Step 4: Drafting & Filing Incorporation Documents
Prepare the Memorandum of Association (MoA) and Articles of Association (AoA), along with SPICe+ form filing.
Step 5: Certificate of Incorporation
Once approved, MCA issues the Certificate of Incorporation along with PAN and TAN for the company.
Benefits of Private Limited Company
- Limited liability protection
- Easy funding opportunities
- Increased business credibility
- Perpetual succession
Conclusion
Registering a Private Limited Company may seem complicated, but with expert guidance, the process becomes smooth and hassle-free. At CorpAdvisors, we handle the entire registration process for you.