Starting a Private Limited Company in India involves several steps and requires careful planning. This guide will help you understand the process and requirements.
What is a Private Limited Company?
A Private Limited Company is a type of business entity that offers limited liability to its shareholders and has a separate legal identity from its owners.
Steps to Incorporate
- Obtain Digital Signature Certificate (DSC)
- Apply for Director Identification Number (DIN)
- Name approval from MCA
- File incorporation documents
- Obtain Certificate of Incorporation
Required Documents
- Identity proof of directors
- Address proof of directors
- Registered office proof
- Memorandum of Association
- Articles of Association
Post-Incorporation Requirements
After incorporation, you need to:
- Open a bank account
- Register for GST (if applicable)
- Obtain necessary licenses
- Set up accounting systems