Process for Formation of Private Limited Company in India

Minimum requirements:   

• Minimum 2 Shareholders

• Minimum 2 Directors

• The directors and shareholders can be same person

• Minimum Share Capital shall be Rs. 100,000 (INR One Lac)

• DIN (Director Identification Number) for all the Directors

• DSC (Digital Signature Certificate) for one of the Directors

Steps involved in formation of an Indian Private Limited Company   

Step No.	Steps	Timeframe (Working days)	Processing
1	DSC	2	Documents required Self attested: • Address proof • Identity proof
2	DIN Approved DIN is a pre-requisite for incorporation process	5	Apply for DIN and get a provisional DIN • •  Certification/Attestation of Director’s personal details Sending the same to the DIN Cell and getting it approve
3	Pre- Name Application Search	--	• •  The Promoters have to provide atleast 6 (Six) names in the order of priority. To make an online search of availability of names as desired by the Promoters
4	Application for Name Availability • 6 names for the proposed Company • Main Object Clause	6	To draft the Main Object Clause to be pursued by the Company after incorporation.
5	Representations before RoC on behalf of Promoters	1	Changes to be made in the Name application, if any, suggested by the RoC
6	Documents required •  Printing of Altered Memorandum and Articles of Association (MOA / AOA) Other Forms like: • Form 32 • Form 18 • Form1 • Letter of Authority/PoA	2	Drafting the MOA & AOA and after getting it vetted by Promoters, sending it for printing. • Processing of eForms: Stamping of documents namely: • MOA • AOA • Letter of Authority/PoA • Form1
7	Final Process: •  Filing all the above documents with the ROC, follow up with the ROC, making changes to the MOA / AOA/otherIncorporation documents as suggested by the ROC	4	• Online uploading of e-Forms • Payment of Registration fees • Collecting the Certificate of Incorporation