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New Private Limited Company registration/Incorporation

For businessmen and entrepreneurs, a new Private Limited Company is arguably the most popular form of corporate entity. It’s also the most sought-after entity, especially in cases of Foreign Direct Investment (FDI). For those looking to start company registration in Mumbai, this is a crucial step.

Chapter II of the Companies Act, 2013 (most notably Sections 3 and 7) and the Companies (Incorporation) Rules, 2014, contains the rules related to the incorporation of a new private limited company.

The process of company incorporation is as follows:

  1. Name reservation – Spice Forms PART A
  2. Final incorporation forms – SPICE PART B

Notably, the applicant can complete both steps together or separately, depending on their choice.

Arguably, the toughest part in incorporating a new private limited company in recent times is name reservation, due to the insistence on unique prefixes. Authorities often take a narrow view of the applicability of trademarks and relevant clauses. This has led to challenges for those pursuing business registration in Mumbai and across India.

After incorporation of a private limited company and fulfilling certain conditions, companies must file INC-20A—the additional form for commencement of business.

Immediately after incorporation, companies need to complete vital compliance tasks, outlined here.

Documents for incorporation of a new private limited Company in India are as follows:

01

PAN and adhar card of all proposed sharholders

02

If proposed director has a DIN, only adhar card and PAN Card is required

03

But if the proposed director does not have a DIN, then identity proof (from passport/ Voter Card/ Driving License) and address proof (Latest utility bill/Bank statement)

04

Certain consent
letters/ declarations.

05

Usually, consent letter along with the latest copy of utility bill in name of the owner of the premises is required as an address proof for incorporation of a private limited Company

06

After approval of the SPICE form, MCA also generates the PAN, TAN and PF/ ESIC numbers along with the incorporation certificate.

Entrecap Business Services’ motto is – Start your Business! Simplify Compliance.

Our Corporate Compliance Team is highly experienced in all matters pertaining to the incorporation of private limited companies. We have helped register more than 80 companies/LLPs in over 10 states, including successful company registrations in Mumbai.

Looking to kickstart your business registration ? Contact our expert team today and ensure a smooth and hassle-free registration process! Team Entrecap’s FEMA Team is also experienced in dealing with Foreign Direct Investment (FDI) in private limited companies, covering all aspects of valuation, procedure, reporting requirements, and more. You can read more here.

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