In case you wish to register a private company, it must be registered under The Companies Act 2013. To incorporate a company one need to have 2 directors and shareholders (both can be the same). However one of the directors must be resident in India. The compliance part in the private company is less as compared to a public company, hence it is usually recommended to start with the private company. As opting for Private Company shall limit the Liability to an extent when compared to liability in the Public company, the usually private limited company is preferred Incorporation of Private Company:
The process of registration for the Private Company starts with firstly applying for name approval on MCA Portal by Clicking on RUN (Unique) whereby maximum 2 names at a time can be proposed and fees of Rs 1000/- is required to be paid. The name reserved shall be valid for 20 days from the date of approval of Name. However, in case of name approval for existing company (Change of name), the approved name shall be valid for 60 days. Thereafter fill in the application for incorporation SPICE INC 32 form along with DIN application for Directors (Maximum 3 Directors), ROC registration, PAN/TAN application of the company. Yes this single form itself can be used for many purposes as stated. The details of Subscriber can be given of maximum 7 subscribers. To detail about more than 7 subscribers, physical signed copy of MOA and AOA is to be filled. After the incrustation of the application Incorporation certificate shall be generating with CIN, PAN & TAN.
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