Each business type has its own requirements before it can be incorporated.
The requirements to register it are mentioned below:
1. Members and Directors
As mentioned above, to get itself legally registered, a private limited company must show a minimum of two and a maximum of 200 members. This is a mandatory statutory requirement under the Companies Act 2013.
The directors must fulfil the following conditions:
Each director must have a DIN i.e. Director Identification Number, which is given by the Ministry of Corporate Affairs
One of the directors must be a resident of India, i.e. he must have resided in India for at least 182 days in the previous calendar year.
2. Company Name
Choosing a company name is often a technical task. A private limited company has to consider three aspects while deciding its name:
Main name
Activity to be carried out
Mention ‘Private Limited Company’ at the end.
Pro Tip: It is not always necessary that the name the business owner is looking for is available, as no two companies can have the same name. Therefore, it is imperative that at the time of registration, every company must send 5-6 names to the Registrar of Companies (ROC) for approval. Also, the names submitted must not have any striking similarity with the name of any other company.
3. Registered Office Address
Once the company is registered, the permanent address of its registered office must be filed with the Registrar of Companies. The registered office of the company is the place where the main functions of the company are conducted and where all the documents are kept.
4. Obtaining Other Documents
For submitting documents electronically, every company must obtain a digital signature certificate which is used to verify the authenticity of the documents. Also, in a company employing professionals (secretary, chartered accountant, cost accountant, etc.) for various activities, certification by these professionals is a must. Want to get list of pvt ltd companies in India in Excel Format? click on the text link given.
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