Registering a Private Limited Company is the right choice, as it facilitates taxation benefits,credibility, business expansion, and quicker sanction of business loans.
We will help you register your directors with the MCA (Ministry of Corporate Affairs)
We will help you pick the right company name
We will draft your company's constitution (MoA and AoA)
As the process is completely online, the digital signature of the director is needed on all electronic documents. For digital signature, a Class- II Digital Signature Certificate (DSC) is to be acquired from one of the six certifying authorities from MCA. The cost varies amongst vendors and it includes the charges of the USB token on which the certificate is sent.
It takes two to five days as the hard copies of documents need to be couriered to the vendors. Online legal service providers including Vakilsearch would however only need self-attested copies of the documents to begin the process.
Note: Indian residents can submit self-attested documents whereas residents of non-Commonwealth countries need the documents to be notarized.
Time Taken: 1 to 2 days (simultaneous with the DSC registration application)
Cost: free
The process of naming can be started as soon as the DSC application is filed. The INC-29 allows the company name to be proposed and MCA takes its time in approving a company name. Though, with proper documents the process is easy.
Time Taken: 2 days
Costs: ₹2000 to ₹5000 per document
After the name of the company has been finalised, further knowledge of the company’s operations have to be provided in the form of Articles of Association (AoA) and Memorandum of Association (MoA). These can be drafted with the help of lawyers and should be self-attested.
Time Taken: 2 days
DIN application: The Director’s Information Number (DIN) can be applied by a maximum of 3 directors. If there are more than 3 directors, DINs can be applied individually. The requisites for the application are a passport-sized photograph, scanned copies of the PAN card (Passport in case of foreign national), soft copy of driver’s license/voter ID/latest utilities bill. The documents have to be self-attested in case of Indian nationals and notarized for foreigners of non-Commonwealth nations.
Name approval: The name of the company has to be finalised along with a description of a single line.
AoA & MoA: The objective of the business should be mentioned in Articles and Memorandum of Association and in the MoA, the affidavit from all the subscribers in Form INC-9 has to be affixed.
Registered office verification: To verify the office address, latest utility bill copy, rental agreement copy and NOC of the owner (for rentals) or sales deed (if owned property) are needed.
Declarations and appointment letters: Self-attested appointment letters of directors, Chief Executive Officer (CEO), managers, declaration by first director in INC-9, and declaration by the appointee director and managing director in the Form DIR-2.
Time Taken: 1 day
Costs involved: ₹2,000 + authorised capital fee + stamp duty
The form should be cross checked and verified for any discrepancies to avoid rejection. After filing the RoC fee and stamp duty is to be paid which differ according to authorised capital and location.
Time Taken: 2 to 8 working days
Costs involved: n/a
The RoC then validates the documents. Any changes required are informed to the applicant. If there are no changes, the incorporation certificate will be sent through email in 7 to 8 working days.
Time Taken: 21 working days
Costs involved: ₹67 + ₹109
The ITR filing Act, 1961, needs each company to quote the registered Tax Account Number and Permanent Account Number. The same can be done through the NSDL website.
Vakilsearch is a group of experts and chartered accountants who will help you expedite the process of filling up the form by making sure that all the documents are in order. Additionally, the support is available 24x7 in case of any discrepancy to help you sail through the process smoothly. Since it's a tedious process with a lot of documentation it is best that you lay back and let the experts handle the intricacies.