Quick Guide: How to register a Private Limited Company in India
Updated: Mar 21
Let's get right into it. Registering a new private limited company in India involves several steps and processes. Here's a brief guide to the process:
Step 1: Obtain Digital Signature Certificate (DSC) The first step is to obtain a digital signature certificate for the proposed directors of the company. This is required for filing the electronic documents for company registration. You can obtain the DSC from certified agencies.
Step 2: Obtain Director Identification Number (DIN) Every director of the company needs to have a unique Director Identification Number (DIN). You can obtain DIN by filing an online application with the Ministry of Corporate Affairs (MCA).
Step 3: Apply for Company Name The next step is to apply for the name of the company. You need to submit at least 3 names in order of preference to the MCA. The name should not be similar to any existing company or trademark. The MCA will approve the name if it meets all the requirements.
Step 4: File incorporation documents Once the name is approved, you need to file the incorporation documents with the MCA. The documents include Memorandum of Association (MOA) and Articles of Association (AOA), along with other necessary documents. The MOA and AOA define the objectives and rules of the company.
Step 5: Obtain Certificate of Incorporation If the MCA is satisfied with the incorporation documents, it will issue a Certificate of Incorporation. This certificate confirms that the company is registered and can start its business operations.
Step 6: Obtain Permanent Account Number (PAN) and Tax Account Number (TAN) After the company is registered, you need to obtain a Permanent Account Number (PAN) and Tax Account Number (TAN) from the Income Tax Department. These are required for tax purposes.
Step 7: Register for Goods and Services Tax (GST) If the company is involved in the supply of goods or services, you need to register for GST with the GST department.
Note that the entire process can take anywhere from 15-30 days, depending on the speed of approval and processing by the authorities. It is recommended to consult with a professional chartered accountant/ a company secretary or professional company to ensure compliance with all legal requirements and procedures.
To get started with the process to register a Private Limited Company in India- click here.