Private Limited Company Registration
Comprehensive incorporation guidance and MCA21 SPICe+ (INC-32) filing by B. Mallesh & Co., Chartered Accountants. Complete setup including Digital Signatures (Class 3 DSC), DIN, e-MOA, e-AOA, PAN, TAN, and Bank Current Account.
1. Legal Definition & Statutory Framework
Under Section 2(68) of the Companies Act, 2013, a Private Limited Company is a legally recognized corporate entity registered with the Ministry of Corporate Affairs (MCA), Government of India. It has a distinct legal personality, perpetual succession, limited liability, and restricts the transferability of its shares.
Key Statutory Thresholds (Companies Act, 2013)
2. Key Statutory Benefits
Limited Liability Protection
Shareholder liability is strictly limited to the unpaid share capital held. Personal savings, property, and assets remain completely protected from company debts.
Perpetual Succession
The company continues to exist legally uninterrupted regardless of changes in directors, transfer of shares, or death/retirement of promoters.
Venture Capital & ESOP Ready
Preferred legal structure for Angel Investors, VC funds, and startups offering Employee Stock Option Plans (ESOPs) to key employees.
Highest Corporate Credibility
Recognized by commercial banks for large working capital loans (CC/OD), government tender bidding, and international export-import trade.
3. Mandatory Document Checklist
A. Directors & Shareholders Documents
- PAN Card Copy (Mandatory for Indian Nationals)
- Identity Proof (Aadhaar Card / Passport / Voter ID / Driving License)
- Address Proof (Bank Statement / Electricity Bill under 2 months old)
- Passport Photograph of all directors
B. Registered Office Address Documents
- Utility Bill (Electricity Bill / Gas Bill / Water Bill under 2 months old)
- Rent Agreement / Lease Deed (If premise is rented/leased)
- No Objection Certificate (NOC) signed by the property owner
4. Step-by-Step MCA Incorporation Timeline
Step 1: Digital Signature Certificate (Class 3 DSC)
Day 1 - 2Procuring Class 3 Digital Signature Certificates (DSC) with USB cryptographic tokens for proposed directors to sign electronic MCA forms securely.
Step 2: Name Reservation (SPICe+ Part A / RUN)
Day 2 - 4Filing SPICe+ Part A or RUN (Reserve Unique Name) on MCA21 portal for unique company name approval, ensuring compliance with Name Availability Rules and Trademark laws.
Step 3: Filing SPICe+ Part B, e-MOA (INC-33) & e-AOA (INC-34)
Day 4 - 7Drafting electronic Memorandum of Association (e-MOA), Articles of Association (e-AOA), DIN allocation forms, DIR-2 director consents, and integrated AGILE-PRO-S (INC-35) for GSTIN, EPFO, ESIC, and Bank A/c.
Step 4: Certificate of Incorporation (COI), PAN, TAN & Bank A/c
Day 7 - 10Registrar of Companies (ROC) approves incorporation and issues official Certificate of Incorporation (COI) featuring CIN along with company PAN and TAN.
5. Mandatory Post-Incorporation Compliances
1. INC-20A Commencement of Business Declaration (Within 180 Days)
Statutory requirement under Section 10A of Companies Act, 2013. Promoters must deposit share capital money into company bank account and file Form INC-20A within 180 days before commencing business operations or exercising borrowing powers.
2. Appointment of First Statutory Auditor (Form ADT-1 - Within 30 Days)
Board of Directors must appoint the company's first Statutory Auditor within 30 days of incorporation under Section 139(6).
3. Annual Corporate Filings (Form AOC-4 & Form MGT-7)
Mandatory annual filing of audited balance sheet & P&L (AOC-4) within 30 days of AGM and annual return (MGT-7) within 60 days of AGM every year.
Official Statutory Disclaimer & ICAI Compliance Notice
B. Mallesh & Co. operates as a professional Chartered Accountancy practice providing advisory and filing facilitation under the Companies Act, 2013 and ICAI Code of Ethics. Final company incorporation approvals, CIN assignment, and name reservations are granted solely by the Registrar of Companies (ROC), Ministry of Corporate Affairs, Government of India.
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Mancherial Office Contact
B. Mallesh & Co., Co. Laxmi Theater, Indra Nagar, Mancherial, Telangana - 504208