Making Accounting Marvels

  • pulak@dprassociatesllp.in

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Company formation :

A company may be Public or Private. Private Limited is a preferred incorporation type in India. A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the value of shares respectively held by them. Shares of Private Limited Company cannot be publically traded.

Check List for Incorporation of Private Company

A Private Limited Company can be incorporated with a minimum of at least two Directors who can be Individuals of which at least one must be an Indian Resident.

Director Identification Number : Every Director is required to obtain a DIN from the Central Government. If a person already has a DIN, the same can be used for forming Private Limited Company.

For the preparation of DIN we require following documents and information as per below check list :

CHECK LIST FOR DIN

    Note : To apply for DIN Digital Signature is mandatory
  • 1) One passport size colour PHOTO
  • 2) Self signed photocopy of PAN card
  • 3) Self signed photocopy of any ONE of the following

    i. VOTER CARD

    ii. PASSPORT

    iii. RATION CARD

    iv. DRIVING LICENSE

    v. ELECTRICITY BILL (Not older Than 2 Months)

    vi. TELEPHONE BILL (Not older Than 2 Months)

    vii. AADHAAR CARD

  • 4) PLEASE PROVIDE THE FOLLOWING REQUIRED INFORMATION

    I. Type of Occupation :

    II. Educational qualification :

    III. Place of birth (Including District & State) :

    IV. Mobile Number :

    V. Phone Number (With STD/ISD code) :

    VI. e-mail ID :

Digital Signature Certificate: As all the forms which are required for the purpose of incorporating the Private Limited Company is filed electronically through the medium of Internet, it is not possible to sign them manually. Therefore, for the purpose of signing these forms, the Director of the proposed Private Limited Company needs to obtain a Digital Signature Certificate (DSC) from government recognized DSA's. The signatures shall also be required for signing and filing of all relevant forms and documents to be filed, annually or event based after incorporation of the Private Limited Company, asking for approvals or as intimation.

The next step is to decide the name for the proposed Private Limited Company to be incorporated, anyone intending to incorporate a Private Limited Company has to evaluate his proposed name under the prescribed parameters and make an online application in RUN Form for reservation of the desired name.
The name of the proposed company shall not be similar or identical with any existing Limited Company or Limited Liability Partnership already registered in India and it should also not contains words prohibited under the 'Emblems and Names (Prevention of improper use) Act, 1950' and it shall be in conformity with Companies (Incorporation) Rules 2014.
Similarly, object of the proposed company has to be finalized and needs to be mention in RUN Form.
On approval of RUN Form the propose name will be available for adoption upto 60 days from the date of application.

The next pertinent step is drafting of Memorandum and Articles of Association and various other documents such as Form INC-8, 9 & 10, DIR-2.
Company has to be decided also the location of the Registered Office address and as proof of Address of Registered Office accepted documents are conveyance/ lease deed/ rent agreement along with rent receipt etc.
Also require a copy of telephone bill/ electric bill/ mobile bill/ gas bill (not more than two months old) which shows the registered address.

We provide services related to formation of company at very affordable rate and at minimum of time.

Our services also include post formation compliance like:

Change in Director : We can help you register changes in directorships associated with your company.

Increase of Authorized Capital : Is your business growing? Are you raising funds? The authorised capital of a Company determines the number of shares a Company can issue to its shareholders. An increase in authorized capital might be required for issuing new shares and/or inducing more capital into the company.

Alteration in MOA and AOA : As your business grows and you plan diversification, you may require alteration, amendment or changes in Memorandum of Association (MOA) or Articles of Association (AOA). Our team of experts can guide you registering those changes.

Drafting of Minutes Book : Companies Act mandate compulsory maintenance of minute books according to prescribed procedure. Our team is there to help you preparing the minutes.

Statutory Registers : Companies Act mandate compulsory maintenance of various registers according to prescribed procedure. Our team is there to help you maintaining those registers as per prescribed procedure.

Return Filing : Every company is required to file balance sheet and annual return in each year within prescribed time to avoid late filing fees. We provide annual return filing services at very affordable rate.