Incorporation of a business into a Private Limited Company India is a cumbersome and time-taking process and involves many compliances. Company Incorporation experts at MyAdvo will ensure a hassle-free registration of your company .
Steps involved in incorporation of a Private Limited Company
After your Payment
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DOCUMENTS AND QUESTIONNAIRE
Once you finalize the service, a checklist of documents and a questionnaire will be provided to record your details. You will be required to send us a scanned copy of the required documents
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APPLICATION FOR DIGITAL SIGNATURE CERTIFICATE (DSC)
Upon receipt of documents, we will apply for DSC for proposed directors of the company
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NUMBER AND VIDEO VERIFICATION
You will receive links for mobile number and video verification for DSC. Once you complete the process, you will receive DSC in 2 days
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DIRECTOR IDENTIFICATION NUMBER (DIN)
Upon receipt of DSC, we will apply for DIN for proposed directors of the company, which will be allotted on the same day
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APPLICATION FOR NAME RESERVATION
Upon allocation of DIN, we will submit an application for reservation of company name. The company name will be reserved within 3 days of the filing of the application
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REVIEW OF DRAFT MOA AND AOA
The lawyer will draft and share Memorandum of Association(MoA) and Articles of Association(AoA) for your review and approval
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DOCUMENTATION
We will send you the format of affidavits and relevant forms required for incorporation of the company. We will also provide you with details of a notary from whom you can get the affidavits notarized
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DISPATCH OF DOCUMENTS
You will be required to send us a scanned copy of the signed documents along with notarized affidavits
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APPLICATION FOR INCORPORATION
Upon receipt of the documents, we will submit applications for incorporation of the company and for obtaining Tax Deduction and Collection Account Number (TAN) and Permanent Account Number (PAN)
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CERTIFICATE OF INCORPORATION
Certificate of Incorporation, TAN and PAN of your company will be issued within 7-10 days from the date of the application
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CERTIFICATE OF COMMENCEMENT OF BUSINESS
Upon receipt of the Certificate of Incorporation, we will submit the application for Certificate of Commencement of Business
Scanned copies of the following documents are required from each proposed director
- PAN Card
- Address proof (any one of the following documents will suffice - passport, voter ID card, ration card, driving license)
- Residential address proof (any one of the following documents will suffice provided that they are not older than 2 months - mobile bill, electricity bill, telephone bill, water bill, gas bill, bank statement)
- Aadhar Card
- Passport size photograph of proposed director
Scanned copies of the following documents
- In case proposed office is at a leased property, ‘No Objection Certificate’ from the lessor
- Property document of the proposed registered office (any one of the following will suffice - rent agreement, lease deed, sale deed)
- Utility bill (any one of the following will suffice - electricity bill, water bill, telephone bill, gas bill) in the name of proposed registered office, which should not be older than 2 months
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Payment Structure
- 100% of the payment to be made at the time of booking of service
3 Reviews
Could only count to Myadvo for transforming such a complicated and time-taking company registration process into a hassle-free and fast procedure!
Had a great experience with Myadvo! Their seamless operations and easy company registration procedure helped me and my company a lot!
My company is now registered successfully as a Private Limited company, thanks to the immense help from Myadvo. I did not expect their services to be this smooth and fast-paced, to be honest. I would highly recommend them to all!
Myadvo's company incorporation experts helped me register my company in the least time possible while keeping in mind all the specific details according to my requirements. They are a team of hard workers and devoted professionals always taking care of all of their clients' specific needs.
Frequently Asked Questions
1. How much time does the process of company registration take?
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1. How much time does the process of company registration take?
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1. How much time does the process of company registration take?
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1. How much time does the process of company registration take?
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The usual time taken in the registration of a company in India is 15-25 days.
2. Do I need to be physically present for the private limited company incorporation process?
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2. Do I need to be physically present for the private limited company incorporation process?
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2. Do I need to be physically present for the private limited company incorporation process?
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2. Do I need to be physically present for the private limited company incorporation process?
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You will not be required to be physically present for the corporate incorporation procedure. You will only be required to send us the scanned copy of the required documents. The registration process will be undertaken online and all the updates regarding the status of the registration will be provided to you by your case manager in myadvo.
3. How to choose a name for the proposed company?
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3. How to choose a name for the proposed company?
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3. How to choose a name for the proposed company?
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3. How to choose a name for the proposed company?
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While choosing a name for the proposed company, you should ensure that the name
- is unique and has some significance to the applicant or the business
- does not resemble with the name of an already existing company
- does not infringe on someone’s trademark
- does not contain any word or expression that gives an impression that the company is associated with any government body or any body constituted by government.
4. What is a better model to start a business: Partnership Firm, Limited Liability Partnership (LLP) or a Private Limited Company?
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4. What is a better model to start a business: Partnership Firm, Limited Liability Partnership (LLP) or a Private Limited Company?
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4. What is a better model to start a business: Partnership Firm, Limited Liability Partnership (LLP) or a Private Limited Company?
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4. What is a better model to start a business: Partnership Firm, Limited Liability Partnership (LLP) or a Private Limited Company?
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| Points of difference | Private Limited Company | Limited Liability Partnership (LLP) | Partnership firm |
| Financial Liability of owners | Limited to the amount of shares or guarantee undertaken | Limited to the amount of investment | Unlimited liability of partners |
| Structure | Rigid Structure:
| Moderate:
| Flexible:
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| Minimum capital requirements | A private limited company should have a minimum authorized capital of Rs. 1,00,000/- (Rupees One Lac only) at the time of incorporation. | An LLP does not have any requirement for minimum authorized capital at the time of incorporation. | A partnership firm does not have any requirement for minimum authorized capital at the time of incorporation. |
| Compliances | Many compliances under the act:
| Few Compliances
| Moderate amount of Compliances:
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Since there are a number of compliances to be undertaken in case of a private limited company, there is a higher level of transparency and fairness in the conduct of the business of a private limited company. Hence, venture capitalists and investors prefer investing in a private limited company over an LLP and a partnership firm. If you are planning to issue equity to investors and employees, you should go for incorporation of a private limited company.
My company's registration process was absolutely hassle-free, thanks to MyAdvo!