HOW DO I START A PRIVATE LIMITED COMPANY?

To start a private limited company, begin by choosing a unique name and reserving it with the Registrar of Companies. Obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for directors. Prepare the Memorandum and Articles of Association outlining company details. File incorporation documents like SPICe+ form online with the Ministry of Corporate Affairs, paying applicable fees. After verification, the Registrar issues a Certificate of Incorporation. Auriga Accounting assists by providing comprehensive support throughout the registration process, ensuring compliance and efficiency. They offer professional guidance, document preparation, and liaison with government authorities, simplifying the company formation process.

What are the minimum requirements to start a private limited company?

The minimum requirements to start a private limited company as per the Companies Act, 2013, include:

1. Directors: A minimum of two directors are required. At least one director must be a resident in India, meaning they have stayed in India for a total period of not less than 182 days in the previous calendar year.
2. Shareholders: A minimum of two shareholders are required. Shareholders can be individuals or corporate entities.
3. Authorized Share Capital: There is no minimum authorized share capital requirement under the Companies Act, 2013. However, the company must declare an authorized share capital during incorporation.
4. Registered Office: The company must have a registered office address in India. This can be a commercial or residential premises, but it must be capable of receiving and acknowledging all communications and notices as per the Act.
5. Digital Signature Certificates (DSC): Directors must obtain digital signature certificates (DSC) from certified authorities. These are used for digitally signing incorporation documents.
6. Director Identification Number (DIN): Each director must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA).

How do I choose a name for my private limited company?

Choosing a name for your private limited company is an important step in the incorporation process. Here’s how you can go about it:

1. Unique and Distinctive: Ensure that the name you choose is unique and distinctive. It should not be identical or too similar to the names of existing companies or trademarks. Conduct a thorough search on the Ministry of Corporate Affairs (MCA) website to check the availability of your desired name.
2. Relevance: Choose a name that reflects the nature of your business, its values, and objectives. The name should be relevant and meaningful to your target audience.
3. Legal Compliance: Ensure that the name complies with the naming guidelines set by the MCA. Avoid using words or phrases that are offensive, misleading, or prohibited by law.
4. Check Availability: Before finalizing the name, check its availability for registration. Use the RUN (Reserve Unique Name) web service provided by the 
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