Company Registration

Online Private Limited Company Registration in Kolkata

In this article, we will focus on the process of Company Registration in Kolkata. Company Registration is a process wherein all the companies are registered through MCA’s portal (Ministry of Corporate Affairs). The process is carried out online. Registering a company comes with certain benefits. Company registration is a seamless process; however, several steps are to be carried out for the registration.

A Private Limited Company presents with the legal protection and limited liability to its shareholders. Mimimum two directors are required for a private limited company. In a Private Limited Company, a person can be both director and shareholder. A Private Limited Company (PLC) can commence its operations, soon after getting Certificate of Incorporation. A PLC can be incorporated within 15 days of its application.

Thus, in this article we will be focusing on the benefits, procedure of Private Limited Company Registration in Kolkata.

Benefits of Private Company Registration in Kolkata

• Private Limited Company can have a director in between 2 to 50.
• It is a separate legal entity.
• Directors have limited liabilities and will not be held personally liable for the company’s affairs.
• Directors have limited liability to creditors.
• In case of default, the banks or creditors sell the company’s assets and not personal.
• Tax benefits are available to the directors.
• A registered company can be sued or sue in its name.
• Registered companies have a better avenue to borrow funds.

Checklist for Private Company Registration in Kolkata

• Directors: Minimum of two directors must be there and one resident director for private company registration in Kolkata.
• Capital requirement: Investment must be made as per the business category, and there is no least capital investment required for a company.
• Unique company name: The Company’s name must not be identical or similar to an already existing company.
• Registered office: Every company must have

Steps for Incorporation of the Company

The steps to incorporate a company through RUN form are:

• Create a login account and then login.
• Enter the name willing to use and check against the MCA database.
• If an already existing company wants to change its name, then CIN will be required for RUN e- from.
• The applicant must enter the name, he/she wants to reserve for change in the name of the company or incorporation of a new company.
• Then he/she must enter the objects of the proposed company and any other document in the support of the proposed name.

Validity of Reserve Name

An approved name is valid for:

• For a new company- 20 days from the date of approval.
• For change of name of existing company- 60 days from the date of approval.

Steps for Private Company Registration in Kolkata

Step 1: Acquire DSC

The company registration procedure requires a digital signature to incorporate a private limited company, as the process is online. Subscribers and directors must have a valid DSC, either of Class II or Class III.

Step 2: Apply for DIN

A director must have a DIN; if he doesn’t have, he must apply for DIN on MCA. One DIN can be used to become directors in any number of companies.

Step 3: Apply for Name Approval

The company’s name has to be submitted for approval along with SPICe (INC-32) at the time of incorporation. The name, if not approved, can be resubmitted.

Step 4: e- MoA (INC-33) and e-AoA (INC-34)

Earlier, MoA & AoA were required to be filed physically, but now these documents are to be file online on the MCA website^[1]. The subscribers must digitally sign these documents.

Step 5: Application for PAN and TAN

The applicant must consider applying for PAN and TAN after all the filings are complete.

Step 6: Certificate of Incorporation

MCA & RoC will review all the documents, and if satisfied, they will issue a Certificate of Incorporation. The Certificate of Incorporation is a legal document and provides legal status to the company.

Step 7: Opening a Bank Account

After obtaining the certificate of incorporation, the company must open a bank account for all the transactions in the company’s name.

Documents required for Company Registration in Kolkata

The documents required for company registration in Kolkata:

• For DSC (Digital Signature Certificate)
• For DIN (Director Identification Number)
• For Company Incorporation

For DSC

The following documents are to be submitted for DSC along with the DSC application form:

• Photo (to be signed across by blue pen) of the applicant
• Address proof of the director(s)
  • Passport
  • Aadhar card
  • Driving license
  • Voter Id card
• Id Proof (Pan Card) of the applicant
• Email Id and contact number (for each director)

For DIN

• Make an application in e-form DIR -3 available on MCA Website.
• Attach the following documents along with Form DIR -3:
  • Photo of the applicant
  • Id proof (attested)
  • Address proof (attested)
• Make the prescribed payment. The payment mode is online only.
• A provisional DIN will be generated.
• Upon verification, a provisional DIN becomes approved DIN.

For Incorporation of Company

• Name of the Company
• Capital of the company
• List of shareholders
• The object of the company
• Id proof of the director(s)
  • Passport
  • Aadhar card
  • Driving license
  • Voter Id card
• Residence proof of director(s)
  • Telephone bill
  • Bank statement
  • Electricity bill
  • Mobile bill (not old than two months)
• Consent of director(s) (form DIR-2)
• INC-9 (Affidavit)
• Address proof of the registered office
  • Gas bill
  • Telephone bill
  • Electricity bill
  • If the office is on the lease, then the lease agreement and a NOC from the owner.
• Declaration of DIN holders

A Private Limited Company Registration in Kolkata is an online procedure to be done with due diligence and once a company registration is done, the directors enjoys all the benefits of a Private Limited Company.

Read our article:How to validate the Company Registration Number?