10 Essential Legal Forms for Company Registration in India

Everyday, thousands of new businesses take birth in India. But not many know that a business should initially register itself as a company in India prior to it can run. This process might include filing various legal forms and documents necessary for regulators.

10 Legal Forms for Company Registration in India

The 10 legal forms which are mandatory for private limited company registration in India are listed below:

1. Digital Signature Certificate

Step one towards company registration in India is getting a DSC. This certificate is necessary because registration is done totally online and the DSC signs the electronic forms. All directors and subscribers to the MOA and AOA must hold a DSC.

2. Director Identification Number

Then prospective directors must obtain a DIN. This unique number is needed by anyone applying to be a director of the business. The DIN could be applied for using the SPICe + form.

3. SPICe + Form (INC 32)

The SPICe + (Simplified Proforma for Incorporating a Company Electronically Plus) form is a single page form that manages most elements of the registration. It comprises the application for the company name, PAN, DIN, TAN and registration. This form makes the procedure easier by merging many steps in one. It's compulsory for pvt ltd business registration.

4. Memorandum of Association

The MOA is the key document which describes the company's goals, relationship and scope to the world around it. It should be drafted and submitted during registration. The MOA should name the company, state in which the registered office is situated, the main goals and members liability.

5. Articles of Association

The internal management, and laws of the organisation is identified in the Articles of Association. This particular document describes the everyday operations and also the responsibilities and powers of the directors and officers. Both the AOA and MOA must be submitted with the ROC in the registration procedure.

6. Form INC-9

Form INC-9 is a declaration by subscribers to the MOA and the very first directors of the business. This form is a promise to not be responsible for any offense relating to mismanagement and fraud and that all information supplied is correct. The form must be digitally signed by directors and subscribers.

7. Form INC-22

The information regarding the registered office of the company is entered on Form INC 22. It should be filed within thirty days of the company's incorporation. The form calls for the street address of the registered office, proof of address along with a copy of the utility bill no more than two weeks old.

8. PAN & TAN Application

A company needs a PAN and a TAN because of its Tax purposes. The SPICe + form enables TAN and PAN application at time of registration. PAN is mandatory for all financial transactions and TAN for TDS compliance.

9. INC-20A Form (Declaration for Commencement of Business)

Once it is created, the company has to file Form INC 20A within 180 days of incorporation. This form is a declaration for the commencement of business in which each subscriber to the MOA has paid out the valuation of the shares agreed to be taken by him. It's required for those companies registering after November 2, 2018.

10. Proof of Identity & Address of Directors

Along with the aforementioned forms, directors must supply proof of address and identity. Legitimate proofs of identity would be PAN card or passport and proofs of address are Aadhaar card, voter ID or electricity bill. These are required to confirm the identity and residential address of the directors.

Conclusion

Private limited company registration in India involves certain legal documents and forms. Correctly filled forms and submissions are essential to a successful registration. Having understood and well prepared these documents in advance can streamline the pvt ltd company registration process and leave entrepreneurs to concentrate on building and growing their company.

Overall, although the process of company registration in India might seem daunting initially, developing a fundamental understanding of the necessary legal documents might help. Compliance with all legal requirements provides businesses a strong base for performance and development for the future.