To start a Private Limited company in India

1. Directors: First and foremost identify the Directors of the Company. Minimum of two directors need to present and Maximum of 8 is allowed.

2. DIN number:All Directors should have DIN (Directors Identification Number). If you do not have one you can apply DIN online at www.mca.gov.in. FAQ on DIN

3. Company Name: Once you have got your DIN then you need to apply for Company name. You need to go with 5-6 names in the order which you prefer.If the name is not available then they go to the next one in the order you have provided. You need to apply online for the name availability . You need to Fill in Form 1A.

4. Memorandum and Articles of Association: Once you have got your name approved you have to apply for the Incorporation of Company. For this you will have to prepare Memorandum of Association which will detail what the company;s operations the first list of directors who are going the be in the board need to be defined in this document. This should be applied along with Form 1. Once this has been approved make at least 10-15 copies of your Certificate of Incorporation and Memorandum of Association and have it in a booklet form.

5. Current Account: Once your company has been incorporated you can open a Current account in any of the leading banks for carrying out your operations. You will need to submit a copy of Certificate of Incorporation and Memorandum of Association along with Borad resolution to open the bank account.

6. TAN / PAN: Thenyou need to apply for TAN and PAN for the Company. FAQ for PAN; FAQ for TAN.

https://tin.tin.nsdl.com/pan/form49A.html

https://tin.tin.nsdl.com/tan/form49B.html

7. VAT number: If your business is chargeable to VAT, then VAT number has to be taken. FAQ on VAT.

8. Excise / Service Tax: If applicable to your business. FAQ on Excise; FAQ on Service Tax.

8. If your services are in Software related area you can apply for STPI license which will give you certain benefits

like Company need not pay tax for 5 years, there will be no import or expurty duty levied on software/hardware,

You will get office spaces at lower rates at STPI units. These are few of the benefits of becoming an STPI member.

What are the documents required to be executed for incorporation?

The following documents are required to be executed (signed) before they are submitted to the ROC:

• 1. MOA and AOA - These are required to be executed by the promoters in their own hand in the presence of a witness in quadruplicate stating their full name, father's name, residential address, occupation, number of shares subscribed for, etc.

  2. Form No. 1 - This is a declaration to be executed on a non-judicial stamp paper of INR 20 by one of the directors of the proposed company or other specified persons such as Attorneys or Advocates, etc. stating that all the requirements of the incorporation have been complied with.

  3. Form No. 18 - This is a form to be filed by one of the directors of the company informing the ROC the registered office of the proposed company.

  4. Form No. 29 - This is a consent obtained from all the proposed directors of the proposed company to act as directors of the proposed company. (Not required in case of private company).

  5. Form No. 32 - This is a form stating the fact of appointment of the proposed directors on the board of directors from the date of incorporation of the proposed company and is signed by one of the proposed directors.

  6. Name approval letter in original.

  7. Power of Attorney signed by all the subscribers of MOA authorizing one of the subscribers or any other person to act on their behalf for the purpose of incorporation and accepting the certificate of incorporation. Power of Attorney in case of a subscriber who has appointed another person to sign the MOA on his behalf.9. Filing fees as may be applicable.