Private Company Registration

_{Step 1: Obtain a DSC (Digital Signature) :}

_{To file the forms for company creation, digital signatures the are necessary. The registration is done online, and the forms need to be signed digitally. In the memorandum and articles of association, DSC is required for all subscribers and witnesses. Digital signature certificates must be obtained from government-approved certifying institutions. You can see a list of such certified agencies here. Alternatively, you can get your DSC in only two days by ordering it online. The price of DSC varies based on the certification agency. You must get a DSC in either class 2 or class 3. The identification of a person is checked against a pre-verified database in the Class 2 category, however in the Class 3 category, the person must present oneself before the registering authority to prove their identity. To obtain DSC}

_{Step 2: Fill out an application for a DIN number (Director Identification Number) :}

_{A director’s DIN is a number that identifies him or herIt is required by anyone who intends to serve as a director of a corporation. One DIN is enough to act as a director in many companies.}

_{DIN can be obtained in 2 ways :}

 _{Option 1:}

_{Use the DIN 3 file format. This form requires the prospective director’s basic information, as well as identification evidence (PAN, Aadhaar Card, etc.) and proof of address. This option is only available to established businesses. It indicates that, as of January 2018, the applicant will not be required to file DIR-3 individually. DIN can now be applied to up to three directors in SPICe form.}

_{Option 2:}

_{By filing SPICe, proposed directors who do not have a DIN will be awarded one. A maximum of three directors can apply for DIN using this technique of filing through SPICe (INC 32). If the applicant wants to form a company with more than three directors and more than three people who do not have a DIN number. In this case, the applicant must form the company with three directors and then nominate new directors after incorporation.}

_{Step 3: Approval of the Name}

_{There are a few ways to get your name approved:}

_{Option 1:}

_{Using the RUN (Reserve Unique Name) form to form a company: The Ministry of Corporate Affairs (MCA) has developed the RUN web service for company incorporation in an effort to make procedures easier for new and established businesses. RUN only allows applicants one chance to apply, and there are no second chances if the name is rejected owing to a name resemblance with a registered business, an LLP, or a trademark, or non-compliance with the Companies (Incorporation Rules) 2014. To avoid rejection, you must be certain of the proposed name and meet name availability standards as well as existing trademarks. The applicant must submit a new RUN form with the required money.} 

_{Please note that the RUN form for name reservation does not require the entry of a DSC or DIN. Only the MCA Account is required.}

_{However, from March 23, 2018, the Ministry has agreed to allow two proposed names and one re-submission (RSUB), while reserving Unique Names for the companies.}

_{Option 2:}

_{You can submit an application for the suggested name using SPICe(INC-32) however only one name can be submitted on this form, which is comparable to the RUN provision.}

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_{Furthermore, if the application is rejected due to the applicant’s name not being approved, the applicant will be given a second chance to fill out the same SPICe form free of charge. It means you can file the same form twice without having to pay an extra fee of Rs. 1000 each time.}

_{If you fail to get the name authorised the second time, you can start over with the SPICe form. This will almost always be less expensive than the first option. It takes about 2-3 days to complete the entire procedure, including name approval and incorporation.}

_{Step 4: Create a SPICe (INC-32):}

_{Form SPICe has been introduced by the Ministry of Company Affairs (INC-32). It is a simple proforma for electronically forming a company. With the convenience of a single application, it accomplishes the following goals:}