Private Limited Company is a business entity in private ownership and offers limited liability for it's shareholders. It is a private company limited by shares and is formed under the Companies Act, 2013, with a minimum number of 2 directors and members and a minimum authorised capital of ₹ 1,00,000. There is no such requirement of minimum paid up capital.

Procedure to incorporate a Private Limited Company:

  • Apply for digital signature of authorised signatory or proposed directors.

  • Create a login id on MCA (Ministry of Corporate Affairs) portal http://www.mca.gov.in

  • Apply for the name of the company by any of the 2 options mentioned below-

    • Apply for Name approval in Form RUN ((Reserve Unique Name). This can be used where you are not sure about the availability of name of the company you want and need choices in name.
    • Apply for Name approval in Form SPICe+, along with other details related to incorporation.

    Note- SPICe+ has 2 parts, PART A and PART B. PART A is for name reservation while PART B is for incorporation. You can file PART A and B either separately or together. In case they are filed separately, you have choice of proposing 2 names in PART A but if case they are filed together, you can propose only 1 name for your company.

  • Click on MCA Services. Go to SPICe+. Click on new application

  • Fill PART A of the form SPICe+ related to name availability and either submit it after auto-check or proceed to PART B related to incorporation. PART A requires the following details:

  • Transport Document Number (Goods Receipt Number or Railway Receipt Number or Airway Bill Number or Bill of Lading Number).

  • The Part-B contains transport details say vehicle number and transporter ID. A GST registered person and Transporter has to register himself on the E-Way Bill Portal for transporting goods in a vehicle/conveyance whose value exceeds Rs. 50,000 (Single Invoice/Bill/Delivery Challan). Transporter has to enroll for Transporter ID which is 15-digit unique identification number allotted to unregistered Transporter enabling generation of e-way bills.

    • Type of company
    • Class of company
    • Category of company
    • Sub-category of company
    • Main division of industrial activity of the company
    • Description of the main division
    • 2 options for name of the company, name should contain the words "Private Limited"
  • PART B - Incorporation covers the following services:
    • DIN allotment (Application for directors who do not have DIN)
    • Mandatory issue of PAN
    • Mandatory issue of TAN
    • Mandatory issue of EPFO registration
    • Mandatory issue of ESIC registration
    • Mandatory issue of Profession Tax registration (for Maharashtra)
    • Mandatory Opening of Bank Account for the Company and
    • Allotment of GSTIN (if applied for GST registration here itself)
  • Fill in the basic details asked for in PART B related to incorporation of the proposed company, like
    • Registered address of the company or Correspondence address of the company
    • Subscribers' and Directors' details,
    • Capital structure of the company,
    • Information in relation to PAN and TAN Application.
  • Upload the attachments required in the web form.
  • Click on all check box declarations and then on pre-scrutiny.
  • Once pre-scrutiny is successful, submit it.
  • Download SPICe+ PART B pdf to affix digital signature.
  • File AGILE-Pro Web forms (INC-35), as these are now mandatory at the time of incorporation.
  • Upload SPICe+ PART B along with all other linked forms after affixing digital signature.
  • You will get a SRN (Service Request Number) on successful upload, and then make payment.
  • Notes
    • AGILE-Pro web forms contain application for GSTIN/ EPFO/ ESIC/ Profession Tax Registration (in Maharashtra) and Opening of Bank Account.
    • Linked forms include eMOA, eAOA, INC-9, AGILE-Pro.
    • SPICe+ is INC-32, eMOA is INC-33, eAOA is INC-34
    • PDF copies of MOA, AOA, etc. are allowed as attachment only in exceptional cases.
Documents required as mandatory attachments in the form:
  • Memorandum of Association - eMOA
  • Articles of Association - eAOA
  • Declaration by first subscribers and directors - INC-9
  • Proof of office address- Copy of utility bills like electricity bill, water bill, etc. not older than 2 months (permitted by MCA) or rent/ lease agreement and NOC (in case rented)
  • Proof of identity and residential address of subscribers and applicants
  • Declaration by a professional
  • Photographs of proposed directors (for AGILE-Pro)
  • Address proof, Aadhaar card, PAN card, Photograph, E-mail id and Phone no. of authorised signatory or proposed directors (for DSC).
  • Note
    • Applicant is required to self- attest all the documents.
    • Ensure that the documents are clear and legible.