Private Limited Company-Haryana (Upto 1 Lac Capital)(Excluding Goverment fees)

Private Limited Company Formation in Haryana: A Step-by-Step Guide

A Private Limited Company (PLC) is a popular business structure in India, including Haryana, due to its benefits like limited liability, separate legal entity, and ease of capital raising. Here’s a comprehensive guide to forming a PLC in Haryana:

Eligibility Criteria:

• Minimum Shareholders: A minimum of two shareholders is required.
• Maximum Shareholders: The maximum number of shareholders is 200.
• Directors: A minimum of two directors is necessary.
• Registered Office: A physical office address in Haryana is mandatory.

Step-by-Step Process:

1. Digital Signature Certificate (DSC) and Director Identification Number (DIN):

   • DSC: Obtain a Class III Digital Signature Certificate (DSC) for each director and shareholder. This is essential for electronic filing of documents.
   • DIN: Apply for a Director Identification Number (DIN) for each director. This is a unique identification number assigned to directors.

2. Name Approval:

   • Reserve Name: Submit a name application (Form INC-1) to the Registrar of Companies (RoC) to reserve a unique name for your company.
   • Name Availability: The RoC will verify the name and approve it if it meets the guidelines.

3. Drafting of Incorporation Documents:

   • Memorandum of Association (MoA): This document outlines the company’s constitution, objectives, and capital structure.
   • Articles of Association (AoA): This document details the internal rules and regulations governing the company’s operations.

4. File Incorporation Form (SPICe+):

   • SPICe+ Form: This single form consolidates various forms and filings required for company incorporation.
   • File Online: Submit the SPICe+ form along with the necessary documents and fees through the Ministry of Corporate Affairs (MCA) portal.

5. Certificate of Incorporation:

   • Issuance: Upon successful verification, the RoC issues a Certificate of Incorporation, signifying the company’s legal existence.

Post-Incorporation Compliance:

• PAN and TAN: Obtain a Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) for the company.
• Bank Account Opening: Open a bank account in the company’s name.
• GST Registration: Register for Goods and Services Tax (GST) if applicable.
• Professional Tax Registration: Register for professional tax in Haryana.
• Other Licenses and Registrations: Obtain any specific licenses or registrations required for your business activity, such as shop establishment license, pollution control board clearance, etc.

Additional Considerations:

• Professional Assistance: Consider hiring a professional like a Chartered Accountant or Company Secretary to guide you through the process and ensure compliance.
• Timeframe: The entire process can take anywhere from 10 to 20 days, depending on various factors like document verification and RoC processing time.
• Haryana Specific Regulations: Be aware of any specific regulations or incentives offered by the Haryana government for businesses.

By following these steps and adhering to the relevant regulations, you can successfully incorporate a Private Limited Company in Haryana.