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

Description

Private Limited Company-Gujarat

Formation Process of a Private Limited Company in Gujarat

1. Obtaining Director Identification Numbers (DINs):

• DIN Application: All proposed directors of the company need to obtain a DIN. This can be done online through the Ministry of Corporate Affairs (MCA) portal.
• Required Documents:
  • PAN Card
  • Aadhaar Card
  • Passport-sized photograph
  • Address proof

2. Digital Signature Certificates (DSCs):

• DSC Application: Directors need to obtain DSCs to digitally sign incorporation documents.
• Required Documents:
  • PAN Card
  • Aadhaar Card
  • Passport-sized photograph
  • Address proof

3. Name Approval:

• Name Reservation: Submit a name application to the Registrar of Companies (RoC) through the MCA portal.
• Name Suggestions: Provide multiple name suggestions to increase the chances of approval.
• Name Availability Check: The RoC checks for name similarity and availability.

4. Incorporation Process:

• SPICe+ Form: File the SPICe+ form (INC-32) with the RoC. This form incorporates various forms and declarations, including:
  • Memorandum of Association (MoA): Outlines the company’s objectives and powers.
  • Articles of Association (AoA): Defines the internal rules and regulations of the company.
  • Declaration of Directors
  • Declaration of Compliance with the Companies Act, 2013
  • Undertaking for Non-Conversion to Public Company
  • Undertaking for Minimum Capital Subscription
• Required Documents:
  • PAN Card and Aadhaar Card of directors
  • Passport-sized photographs of directors
  • Address proof of the registered office
  • No-Objection Certificate (NOC) from the property owner
  • Stamp duty payment receipt
  • Digital signatures of directors

5. Certificate of Incorporation:

• Issuance: Upon successful verification, the RoC issues a Certificate of Incorporation. This marks the official birth of the company.

Post-Incorporation Compliance:

• Opening a Bank Account: Open a current account in the company’s name.
• Obtaining Tax Identification Number (TAN): Apply for a TAN to comply with tax regulations.
• Goods and Services Tax (GST) Registration: Register for GST if the company is involved in taxable supplies.
• Professional Tax Registration: Register for professional tax in the state where the company operates.
• Employee Provident Fund (EPF) and Employees’ State Insurance (ESI) Registration: Register for EPF and ESI if the company has employees.

Additional Considerations:

• Share Capital: Determine the authorized share capital and issue shares to shareholders.
• Board Meetings: Conduct regular board meetings to discuss company affairs and pass resolutions.
• Annual General Meeting (AGM): Hold an AGM every year to present the annual financial statements and other statutory reports.
• Filing Annual Returns: File annual returns with the RoC within the prescribed time frame.
• Maintaining Records: Maintain statutory records, including minutes of meetings, financial records, and registers.