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Partners initially have to apply for DPIN and digital signature. Digital signature meant for filing and DPIN refers to directors’ PIN number provided by MCA. Ignore this exercise if directors already possess DPIN and DSC.
Three different names for company name are necessary to give to MCA. Out of these one will be registered. Names provided must be unique.
After approval of name, one needs to draft MOA and AOA. Memorandum of Association (MOA) and Articles of Associate (AOA) will be filed with MCA along with subscription statement.
Entire process for Company Registration and Incorporation Certificate basically takes the period of 15-25 days. Incorporation Certificate proves that company has been started. CIN number also remains included in Incorporation Certificate.
Finally, apply for PAN and TAN and submit Incorporation Certificate, MOA, AOA and PAN to any bank for opening the account.
Directors’ PAN Card
Directors’ Passport Size Photos
Directors’ Aadhaar Cards/Voter IDs
Rent Agreement ‘for rented property
Electricity/Water Bill
Property Papers ‘for owned property
Partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business.
The limited liability partnership act was introduced in 2008. According to this act, the partners who participate are liable for liabilities in proportion to their contribution to the business.
A private limited company is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50.