Tuesday, January 1, 2013

Steps to Incorporate a Private Limited Company

Main Steps:
1. Getting DIN (Director Identification Number) for every proposed Director
2. Getting Digital Signature for one of the Directors
3. Getting Name approved for proposed company
4. Incorporating the Business

Document Checklist
1. For DIN
  • # Valid ID Proof: 
    • * PAN Card copy - Mandatory for Indian Citizens (Resident or NRI)
    • * Passport Copy - Mandatory for Foreign Nationals (whether residing in India or not)
  • # Address Proof - For the Current Address - should be latest (not older than 2 months) - Can be any of these:
    • * Utility Bills like Telephone, Electricity, Gas, Water Bill etc.
    • * Government ID & Address proofs like Driving License, Passport, Aadhar Card, Voters ID card, Ration Card etc.
    • * Bank Statement (not credit card statement)
  • # Indian Passport Size Colour Photograph (dimensions - 45mm High x 35mm wide)
  • # DIN Affidavit & Declarations - to be supplied by eLagaan team
Notes: For NRIs & Foreigners (who is not residing in India) - All documents needs to be Notarized from a Public Notary of the Country where the person is residing. For Indian Citizens, a permanent address proof of India is also needed (any document as per list above)

2. For Digital Signature
  • # Valid ID Proof: 
    • * PAN Card copy - For Indian Citizens (Resident or NRI)
    • * Passport Copy - Mandatory for Foreign Nationals (mandatory)
  • # Address Proof - Latest (not older than 2 months) - Can be any of these:
    • * Utility Bills like Telephone, Electricity, Gas, Water Bill etc.
    • * Government ID & Address proofs like Driving License, Passport, Aadhar Card, Voters ID card, Ration Card etc.
    • * Bank Statement (not credit card statement)
  • # Indian Passport Size Colour Photograph (dimensions - 45mm High x 35mm wide)
  • # Signed Digital Signature Application Form - to be supplied by eLagaan team
Notes: For NRIs & Foreigners (who is not residing in India) - All documents needs to be Notarized from a Public Notary of the Country where the person is residing.

3. For Company Incorporation
  • # Subscriber sheets for Memorandum & Articles (MoA & AoA) - to be supplied by eLagaan Team
  • # Address proof of the premises where the company shall be incorporated
    • * Rental Agreement - Template can be obtained from eLagaan team
    • * Any Government Document specifying details of the Premises Owners. e.g. Electricity Bill, Municipal Tax paid receipt, Registered Sale Deed etc.
    • * No Objection Certificate (NOC) from the Premises owner to use the premises for Company Incorporation - Template can be obtained from eLagaan team
Notes: For NRIs & Foreigners (who is not residing in India) - All documents needs to be Notarized from a Public Notary of the Country where the person is residing and also Apostilled from designated office (Public Apostille Officer or Indian Embassy).


Additional Requirement when incorporating a Subsidiary Company in India
  • # MoA, AoA & Certificate of Incorporation of Parent Company
  • # Board Resolution authorizing formation of a subsidiary company - To be supplied by eLagaan Team
  • # Board Resolution authorizing specific persons to represent the Parent Company and sign on its behalf - To be supplied by eLagaan Team
  • # Request Letter to Registrar of Companies - To be supplied by eLagaan Team
Notes: For Foreign companies - All documents needs to be Notarized from a Public Notary of the Country where the company is registered and also Apostilled from designated office (Public Apostille Officer or Indian Embassy).