After incorporation of private limited company. Incorporation of Pvt. Ltd. Company as per Companies Act 2013 2019-01-09

Post Incorporation Compliances for Pvt Ltd Company

Any change in the interest of director is to be intimated to the Board of Directors within 30 days of such change. Below is the image of a sample Certificate of Incorporation issued by Ministry of Corporate Affairs. If not what to do? These activities are warranted because of specific provisions under the Companies Act, 2013 or under other state level laws like that of Shops and Establishment Act, State Stamp Act or professional Tax. Shareholding pattern would change because of transfer of shares among them, fresh allotment. You can also show that the capital has been utilised as the pre-incorporation expenses of the startups e.

Process for Incorporation of Company Private Limited

Similarly, agreement with vendors, contractors, suppliers also need to be properly drafted. Now they want to introduce their share of capital i. So that we are able to fullfil all the compliance formalities. If a company holds its first general meeting as aforesaid, it shall not be necessary for the company to hold any annual general meeting in the year of incorporation. After downloading of form fill all the information in the forms as per requirement of Table A to J of Schedule I. Looking forward to your suggesting on the following: 1 Any recommendation for banks and the type of account best suited for a small software services company like mine currently around 2 people, it would potentially grow to 6-8 max in the next 10-12 months.

Private Limited Company Compliance in India

Now we are looking for the compliances to run a company i. Check Compliances related to Pro Company Incorporation, Here we discuss complete details for list of compliances of a Pvt. The non-payment of stamp duty is a very serious offence for which apart from punishment imprisonment has also been prescribed. We will discuss six most important things that every promoter or director of a newly incorporated private Limited company should know after getting certificate of incorporation or into the process of incorporation Check Company Master Data Certificate of incorporation for a private limited company is the last step in the process of incorporation. Startups generally celebrate every small reason, But if the reason is about a milestone achievement then it makes a big difference. The day to day affairs of management is carried out by the directors.

7 Compliances For Private Limited Companies After Incorporation

A company does its business through its Directors. If the subscribers have not deposited the amount, then it will be non compliance and the company shall issue share certificates with zero value within 2 months from date of incorporation with remark that the subscribers failed to pay subscription money on share certificates. Appointment of Auditor As per section 139 6 of Companies Act 2013, company has to appoint its first auditor within 30 days from the date of incorporation in a board meeting. Post Incorporation Compliance for a Private Limited Company A Company being creation of law is required to comply with the provisions of the Companies Act, 2013, which prescribes certain specific activities to be performed immediately after incorporation of the Company. The share certificate shall be signed by the two directors or one director and company secretary of the company who shall apart from other thing mention the folio number, share certificate number and a distinctive number of share for which the certificate is issued.

Registration procedure of Private Limited Company

Registration procedure of Private Limited Company is a little bit complex but can be done by following these simple steps mentioned below. But from 1 st February 2017 onwards, the Central Government has made major changes in incorporation process which would save time of incorporation. All the company registration information will be given to you by our experts. Loan requirements : Loans are made available easily with the Co-operative banks or Private Banks. Early next year we have some great product announcements and our next milestone is not far away.

Activities/Formalities after Company Formation Registration

Appointment of Statutory Auditor Pursuant to section 139 6 1 the first auditor of the company, who is Chartered Accountant , other than a Government company, shall be appointed by the Board of Directors within thirty days 30 days from the date of registration of the company and in the case of failure of the Board to appoint such auditor, it shall inform the members of the company, who shall within ninety days 90 days at an extraordinary general meeting appoint such auditor and such auditor shall hold office till the conclusion of the first annual general meeting. Appointment of Auditor within 30 Days of Incorporation Mandatory, if not done punishable 8. In case of any doubt or clarification please contact us at. The through shareholder must be completed within 90 days. But this form is a single window for Incorporation of Company.

Certificate of Incorporation for a Private Limited Company

These are two most important documents for any company. The word subscribers here used is because of the reason that these subscribers will subscribe for the shares in the company at time of incorporation and will invest the minimum capital i. A Private Limited Company is a Company registered under Indian Companies Act, 2013 or any previous Companies Act. I have two more queries — 1. Name Clause, Registered Office Clause, Main Object Clause, Capital Clause and Subscribers Clause will have to take into consideration.

Post Incorporation Compliances for Pvt Ltd Company

If company is engage in transaction of Sale and Purchase- apply for Sales Tax Registration No. If applicant want to attach any file, can be upload at this option. This victorious path is not an easier one and we have faced and surpassed many challenges in the last few months to meet our target of half a million visitors. The details of these Certification Agencies are available on the portal of the Ministry www. Disclosure of Interest by Directors Mandatory 3.

Work to be done after Incorporation of Company

In such situation applicant have to incorporate Company with 3 Directors and have to appoint new directors later on after incorporation. Our compliance specialists are available for a thorough discussion on above said activities which your company must undertake soon after incorporation of your company. If Company in Service Industry- Apply for Service Tax Number. We need to make necessary changes accordingly. If you want to register your own company then you can totally rely legalraasta company registration services provider. We are working for a client located in Europe and ship all softwares online.

Advantages and Disadvantages of Private Limited Company

F Validity of Reserved Name: Reserved name shall be valid for 20 days from the date of approval of Name. As soon as a company is incorporated, whether public or private limited, it becomes a juristic person. Both these forms must be digitally signed by subscribers to the Memorandum and Articles of Association. The time took also depends on relevant documents provided by the applicant and speed of approvals from government. Being a start-up, I have plenty questions. Respected Madam, Please help me by advising that what indemnity bonds and affidavits I am to file for closing of Pvt.