COMPANY COMPLIANCES
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Eligibility to form private company
Number of Directors- Minimum 2 and Maximum 15
Number of Shareholders- Minimum 2 and maximum 200
Citizenship- At least one director should hold Indian Citizenship
| BASIS | PARTICULARS |
|---|---|
| Act | Companies act 2013 |
| Statutory Auditor | Mandatory |
| Statutory Compliances | High |
| Tax Rates | Moderate |
| Liability Protection | Limited |
| Number of Members | 2-200 |
| Number of Directors | 2-15 |
REQUIRED DOCUMENTS
PASSPORT SIZE PHOTOGRAPH
PAN CARD
REGISTERED OFFICE PROOFCopy of Electricity/ Water Bill/ Gass Bill
AADHAR CARD
COMPLIANCES OF PRIVATE LIMITED COMPANY IN INDIA
2 Board meetings in a calender year with 1/3rd of the total number of directors or a minimum of 2 directors. The minutes are to be recorded.
An AGM meeting required to be conducted every year and there should be a gap of 15 months between each of the two AGMs.
Appoinment of the Auditor within 15 days of the incorporation of the company through FORM- ADT-1 to the ROC
OTHER COMPLIANCES
| DIRECTOR DISCLOSURE | OTHER NON ROC COMPLIANCES |
|---|---|
| Accounts to be Audited by a Statutory Auditor | TDS/TCS payment |
| Filing of FORM MGT-7 | GST payment and GST filing |
| Filing of Financial Statement FORM AOC-4 | Filing of quaterly TDS returns |
| Statutory Audit of Accounts | Filing of IT return |
| Maintenance of Statutory register | Filing of tax Audit Report |
| Tax Audit |
Company Registration Process
Step 1: Acquire a Digital Signature Certificate (DSC) - Every director and shareholder must secure a Digital Signature Certificate (DSC) issued by the Controller of Certification Agencies (CCA). This involves providing essential details such as passport-sized photos, PAN, Aadhaar Card, phone number, and email address. Foreign nationals should also furnish notarized and apostilled documents if applicable.
Step 2: Director Identification Number (DIN) - Obtain a Director Identification Number (DIN) if you intend to be a director in the company. DIN is essential for directors and needs to be provided in the registration form.
Step 3: Name Reservation for the Company (SPICe+ Part A) - Begin by completing the SPICe+ Part A form to secure a unique company name. This entails selecting the company type, class, category, and sub-category, specifying the primary division of industrial activity and offering a comprehensive business description. You'll need to propose two names for approval.
Step 4: Submission of Company Details (SPICe+ Part B) - Provide comprehensive information concerning capital, registered office address, subscriber and directors' details, stamp duty, PAN and TAN application, and necessary attachments for company registration in india.
Step 5: Preparation and Submission of Incorporation Forms (SPICe+ MOA and AOA) - Draft the Memorandum of Association (MOA) and Articles of Association (AOA) containing crucial company details. Obtain digital signatures from subscribers and professionals before submitting these documents to the MCA for approval.
Additionally, file the AGILE-PRO-S form to register for GST, EPFO, ESIC, a bank account, and a shop and establishment license (which may be state-dependent).