MCA Blogs

What is private limited? A Private Limited Company (Pvt Ltd) in India protects owners’ personal assets from business debts and operates as a separate legal entity. It requires 2-200 shareholders and at least 2 directors, with shares not publicly traded and needing approval for transfer. The company continues even if owners change or pass away. It must be registered, hold regular meetings, and file annual financial reports, making it ideal for small to medium businesses seeking legal protection and stability.   Looking for Private limited registration Click here…..   How to register private limited company? The process can be complex, but our experts can guide you through every step. Here’s a detailed overview: Step 1: Obtain Digital Signature Certificate (DSC) Purpose: Digital signatures are required to file the forms for company formation, which is done online. How to Obtain: You must obtain the digital signature certificates from government-recognized certifying authorities. The cost varies depending on the certifying authority. Requirement: Class 3 category of DSC is mandatory for all subscribers and witnesses in the Memorandum of Association (MoA) and Articles of Association (AoA). Step 2: Apply for Director Identification Number (DIN) Purpose: DIN is an identification number for a director and is required for anyone who wants to be a director in a company. How to Obtain: Option 1: File Form DIR-3 if you want to become a director in an existing company. Option 2: For new companies, apply for DIN through the SPICe+ form for up to three directors. Option 3: Use a service like ClearTax to procure DIN for you. Up to 2 DINs are covered in the ClearTax Private Limited Company registration plan. Step 3: Name Approval Purpose: Secure approval for your company name. How to Obtain: Option 1: Reserve the name via Part-A of the SPICe+ Form, allowing two proposed names and one re-submission. Option 2: Submit Part-A and Part-B of the SPICe+ Form together for name approval and incorporation. This gives you two chances to get the name approved without extra charges. Step 4: Form SPICe+ (INC-32) Purpose: Form SPICe+ consolidates various steps into a single application, simplifying the registration process. Incorporation Steps: Apply for DIN (if not already obtained). Reserve the company name. Incorporate the new company. Apply for PAN and TAN. Apply for EPFO, ESIC, and Professional Tax registrations (mandatory in Maharashtra). Open a bank account for the company. Optionally apply for GST registration. Process: Complete and submit the form online. Download the form in PDF format, digitally sign it, and submit it for incorporation. Step 5: e-MoA (INC-33) and e-AoA (INC-34) Purpose: The electronic Memorandum of Association and Articles of Association outline the company’s charter and internal rules. Process: Submit these forms online, linked with the SPICe+ form. Both forms must be digitally signed by subscribers. Step 6: PAN and TAN Application Purpose: Apply for the company’s PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) through the SPICe+ form. Process: The system auto-generates these forms after submitting the SPICe+ form. Once approved, you’ll receive the Certificate of Incorporation, PAN, and TAN via email from the Ministry of Corporate Affairs (MCA). Final Steps Approval: If all details are correctly filled and required documents are provided, MCA will approve the registration. CIN Allocation: You’ll receive a Corporate Identity Number (CIN), which you can track online on the MCA portal. Our experts can handle the entire registration process, ensuring compliance and smooth setup for your Private Limited Company. Just click here and sit back and relax, we’ll handle everything for you. FAQ’s What is a Private Limited Company (Pvt Ltd)? A Private Limited Company is a type of business entity where the owners’ liability is limited to their shares, it has a separate legal entity, and its shares are not publicly traded. Why should I register my business as a Private Limited Company? Registering as a Pvt Ltd company provides limited liability protection, allows for separate legal entity status, offers easier access to funding, and provides greater credibility to the business. What are the steps involved in registering a Private Limited Company in India? Obtain Digital Signature Certificate (DSC) Apply for Director Identification Number (DIN) Reserve company name File SPICe+ form for incorporation Submit e-MoA and e-AoA Apply for PAN and TAN How do I obtain a Digital Signature Certificate (DSC)? You can obtain a DSC from government-recognized certifying authorities. The process typically takes a couple of days and involves a fee. How do I reserve my company’s name? You can reserve the company name via the SPICe+ form, which allows two proposed names and one re-submission. You can also submit the name approval along with the incorporation application. How long does it take to register a Private Limited Company? The entire process, including name approval and incorporation, typically takes around 2-3 days if all documents are correctly submitted and there are no discrepancies. Can I register a Private Limited Company on my own? While it is possible to register on your own, the process can be complex. Using expert services can simplify the process and ensure all compliances are met.

process to File form dir 3 kyc (web) OPTION 1 STEP 1: Access the MCA homepage. STEP 2: Log in to the MCA portal with valid credentials. STEP 3: Select “MCA Services” and then choose “E-Filing.” STEP 4: Select the “Company Forms Download” module. STEP 5: Navigate to the “DIN Related Filings” header. STEP 6: Access “Verify Director’s KYC Details (Form No. DIR-3 KYC (Web)).” STEP 7: Fill out the application. STEP 8: Save the webform as a draft (optional). STEP 9: Submit the webform. STEP 10: An SRN (Service Request Number) is generated upon submission of the webform. (The SRN can be used for any future correspondence with the MCA.) STEP 11: Pay the fees if the application for the KYC of Directors is filed when the DIN status is ‘deactivated’ due to ‘Non-filing of KYC in DIR-3-KYC.’ (If the user does not successfully upload the DSC-affixed PDF within 15 days of SRN generation and complete the payment within 7 days of the successful upload of the DSC-affixed document or the due date of filing the webform + 2 days, whichever is earlier, the SRN will be cancelled.) STEP 12: An acknowledgment is generated. OPTION 2 STEP 1: Access the MCA homepage. STEP 2: Use the search bar on the MCA homepage to find Form No. DIR-3 KYC (Web). STEP 3: Log in to the MCA portal with valid credentials. STEP 4: Fill out the application. STEP 5: Save the webform as a draft (optional). STEP 6: Submit the webform. STEP 7: An SRN (Service Request Number) is generated upon submission of the webform. (The SRN can be used for any future correspondence with the MCA.) STEP 8: Pay the fees if the application for the KYC of Directors is filed when the DIN status is ‘deactivated’ due to ‘Non-filing of KYC in DIR-3-KYC.’ (If the user does not successfully upload the DSC-affixed PDF within 15 days of SRN generation and complete the payment within 7 days of the successful upload of the DSC-affixed document or the due date of filing the webform + 2 days, whichever is earlier, the SRN will be cancelled.) STEP 9: An acknowledgment is generated. checkpoints while filing up the webform ✓ Please read the instructions and guidelines carefully before filling out the online application webforms. ✓ Ensure that the applicant is registered as a business or a registered user on the MCA portal before filing the webform. ✓ Ensure the applicant has a valid mobile number and email ID registered on the MCA portal against the DIN. ✓ Ensure the applicant has a valid DIN with the status ‘Approved,’ ‘Disqualified,’ or ‘Deactivated’ due to non-filing of webform DIR-3 KYC. ✓ Ensure that at least one e-form ‘Form No. DIR-3-KYC’ has been filed against the DIN. ✓ Ensure the DIN is an approved DIN against which the webform ‘DIR-3 KYC Web’ is not in status ‘Payment incomplete,’ ‘Under processing,’ or ‘Approved’ during the current financial year. ✓ If the DIN status is deactivated, filing shall be allowed only if the reason for deactivation is ‘Non-filing of KYC in DIR-3 KYC.’ ✓ Ensure no webform DIR-6 is pending for approval against the DIN. ✓ Ensure the DIN entered in the webform was allotted on or before 31st March of the previous financial year. ✓ Verify the OTP entered for the mobile number and email ID. ✓ If the space within any of the fields is insufficient to provide all the information, additional details can be provided as an optional attachment to the webform. ✓ Note that no fee is applicable if the KYC application is filed before 30th September by a DIN holder who has been allotted a DIN on or before 31st March of each year, and whose DIN is in ‘Approved’ status. “We’ll be pleased to help you so please allow to assist you in anyway we can.”