✔ For a private limited company, there must be at least two shareholders and two directors.
✔ A private limited company must have two directors, at least one of whom must be an Indian citizen.
✔ In India, there is no minimum capital requirement for forming a private limited company.
✔ Your company's name is crucial because it creates the first impression in the minds of your buyers, suppliers, and stakeholders. So the factors to consider when choosing a name are that it should be short yet simple, meaningful, not illegal or offensive, unique, and end with the suffix "Private Ltd."
Submit an application for the reservation of the Company's name via Spice PART. A form that can be accessed through the MCA portal.
Selecting an appropriate name for the Private Limited Company. Private Limited Company name suggestions can also be obtained from LegalRaasta Private Limited Company Registration experts.
After receiving the application, the MCA will either approve or reject it within 3-4 days.
If the name is approved, the MCA will send us a name permission letter, and we must register the company within 20 days.
To extend the grace period before the 20-day grace period expires, an additional fee must be paid.
To get the DSC of the company's directors which will aid in the authentication of documents uploaded online.
Using SPICE PART B, electronically draught the company's MOA and AOA.
Submitting an online application to form a Private Limited Company.
The application will be evaluated by the Ministry of Corporate Affairs.
A Certificate of Incorporation, PAN, and TAN will be issued by the department upon the formation of a company.