Private limited company registration in Noida

The Process of Private limited company registration in Noida

Starting up an own company is the dream of the maximum. A company of one's own where the individual will not work under anyone. So, he individual will make decisions independently, working with several people under its own surveillance. But having all of this might be some distant dream for so many. The reason is the capital investment; not many have been awarded by such fortune. And another thing is the lack of knowledge about setting up a private limited company.

There are specific steps and times to register a private limited company. For example, if one wants to go for Private limited company registration in Noida, there are transparent processes to follow. So, it is not like someone wakes up and decides to start a company and gets it done in a day. Thus, there are particular rules to follow and some procedures to see through. 

What are the main focus points to remember?

Private limited company registration in Noida requires a minimum of 2 Directors. These two directors are to a ratio of 15 directors to be appointed. There is no limit to the minimum paid-up capital required. Another important point to remember is that the name should end with PVT.ltd. So, this is the whole concept regarding setting up a private limited company.

Checklist for documents required for registering a Company in Noida:

• A minimum of 2 Directors are need who must be permanent residents of India.
• A minimum of 2 Shareholders and a maximum of 200 shareholders are require.
• A registered office address is require.
• All the documents need to be submit through the online process.

Submission of the valid documents under the Private Limited Company in Noida:

The documents required are:

1. Identity Proof: PAN Card or Passport.

2. Address Proof:Passport/ Driver License/ Election ID/ Ration Card/ Aadhar Card.

1. Residence Proof: Bank Statement/ Electricity Bill/Phone Bill.

1. Name Approval:

The company's name should be unique and not copy-pasted from any company. The title should be different from their companies for sure. The application needs to be approve by the Ministry of Corporate Affairs before anything. Private limited company registration in Noida,There should be an option of 2 names which should be provided. Thus, if there is any rejection, the applicant can resubmit the form with two more words.

1. Getting the Digital Signature Certificate:

It is essential to obtain the Digital Signatures of the directors who are propose in the documents. So, the DSC is necessary for signing the incorporation application.

6. SPIC e+ Form Application:

After getting the Digital Signature Certificate, the incorporation application is submit in the SPICe form with the MCA. So, there is no requirement to submit the name approval in the SPICe Form.

1. Incorporation of the Company:

After all of the above submission of forms, the Company is Incorporate, and an Incorporation certificate along with the PAN, TAN can be obtained within 2-3 working days.

1. Current Bank account:

There would be a need to open a current bank account with a reputable bank, and if there is none, one should open it at once.

What are the Compliances to be followed for Company registration in Noida?

1. The Board of Directors has to appoint a practising Chartered Accountant within 30 days of incorporating the company. So, it is need to carry on the Statutory audit.
2. The Capital mention in the MOA should be deposit in the bank. The certificate of commencement has to be obtain from the MCA.
3. The companies registered in Noida have to file the income tax return each year in Form ITR 6.
4. The companies registered in Noida need to file the MCA annual return compulsorily every year in Form AOC 4 and MGT 7.
5. The DIN KYC procedure should be complete every year for the company's directors state.

Private Limited Company registration in Noida is a straightforward process that involves some specific steps to be taken by the entrepreneur. Private Limited Company is the most popular form of company registration in India. It offers the benefits of limited liability, separate legal entity status, and the ability to raise funds from investors. Noida is a fast-growing industrial hub located in the National Capital Region (NCR) of India. Therefore, it is an excellent location to register a Private Limited Company.

Here are the steps to register a Private Limited Company in Noida:

Obtain Digital Signature Certificate (DSC)

The first step to register a Private Limited Company is to obtain a Digital Signature Certificate (DSC) for the directors of the company. DSC is used to digitally sign documents required for company registration. It can be obtained from a certified agency.

Obtain Director Identification Number (DIN)

The next step is to obtain Director Identification Number (DIN) for all the directors of the company. DIN is a unique identification number assigned by the Ministry of Corporate Affairs (MCA). The application for DIN can be filed online through the MCA portal.

Name Approval

The next step is to apply for name approval of the company. The name of the company should be unique and not identical or similar to an existing company or trademark. The application for name approval can be filed through the MCA portal.

Prepare Memorandum of Association (MOA) and Articles of Association (AOA)

MOA and AOA are the two essential documents required for company registration. MOA defines the objectives and scope of the company, while AOA defines the rules and regulations governing the company's operations. These documents can be prepared by a professional or a company secretary.

Filing of Incorporation documents

After obtaining DSC, DIN, name approval, and preparing MOA and AOA, the next step is to file the incorporation documents with the Registrar of Companies (ROC). The following documents need to be filed:

• Form SPICe (INC-32)
• MOA
• AOA
• Declaration by the director
• PAN Card and Address proof of directors
• Address proof of registered office
• Payment of Fees

The next step is to pay the required registration fees to the ROC. The registration fees depend on the authorized capital of the company.

Certificate of Incorporation

After verifying the documents and payment of fees, the ROC issues the Certificate of Incorporation. The Certificate of Incorporation is the proof of the company's existence and contains the company's CIN (Corporate Identification Number).

Conclusion

In conclusion, registering a Private Limited Company in Noida is a simple and straightforward process that requires the entrepreneur to follow the steps mentioned above. It is recommended to take the assistance of a professional or a company secretary to ensure that the registration process is completed smoothly and without any errors. Once the company is registered, it can enjoy the benefits of limited liability, separate legal entity status, and the ability to raise funds from investors.