Why Incorporate?
A Private Limited Company offers limited liability, perpetual succession and easy fundraising. It is the preferred structure for Indian startups.
Step-by-Step Procedure
- Obtain Digital Signature Certificate (DSC) for directors
- Apply for Director Identification Number (DIN)
- Reserve a name via RUN service on MCA portal
- File SPICe+ form with MoA and AoA
- Receive Certificate of Incorporation, PAN and TAN
Post-Incorporation Compliance
- Open a current account
- Issue share certificates within 60 days
- Hold first board meeting within 30 days
- Appoint auditor within 30 days
Compliance is not optional. Non-filing of annual returns attracts penalties starting at ₹100 per day.
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