CA Lake Forest Business Registration Form 2007-2024 free printable template
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Hi My name is Hammed, and I am from vakilsearch.com. In this video, I am going to explain about how to form a Private Limited Company in India. Specifically, what I am going to cover are: 1. How much time does it take to form a company? 2. What does it cost to form a company? 3. What is the process? 4. How to name a Private Limited Company? 5. What are the documents required? And what are the most frequently asked questions? Firstly, the process of forming a company is extremely simple today. The entire process is online, and it takes about 20-30 days to form a private limited company anywhere in India. In some cities, the companies get formed in about 7 working days. But in some cities, they take much longer. It costs about approximately 15000 rupees to form your Private Limited Company. What is the process of forming a Private Limited Company? What you need to know is that there are just 3 simple steps to form your Private Limited Company. Step 1 is getting a DIN Number. Step 2 is getting your Company's Name Approval. And Step 3 is submitting your registered office address proof. Step 1 is getting a DIN Number Step 2 — Name Approval And the third one is Registered Office Address That's all you need to remember. Now, Step 1: How do we get a DIN Number? So what is a DIN Number? DIN Number stands for a Director Identification Number. Any Private Limited Company has to have a minimum of 2 directors and each director should have a Director Identification Number, also known as a DIN Number. In order to get a DIN number, what we need from you is: A PAN Card Copy and an Address Proof The address proof could be a Voter's ID, Aadhaar Card, Driving License, Passport, or any bill also would do. In addition to that, we would also need a passport-size photograph. So what are the documents required to get a DIN number? 1. A PAN Card Copy 2. An Address Proof 3. A Passport-size photograph These are the documents required to get a DIN number. There should be a minimum of two directors in each company and for each director, you need to submit these proofs. Ok, so that is Step 1, which is getting a DIN Number. Moving on to Step 2, which is getting your Company's Name Approved. So, you might have thought of a name for your Private Limited Company. The Ministry of Corporate Affairs has laid down a set of guidelines for choosing a Company Name. Your Company's name will get approved only if it is as per those guidelines. If not, it won't get approved. So what are these guidelines? I will just touch upon the most important guideline which is: Your Company Name should have at least 2 parts. The first part is a unique name that you have already thought of. The second part should signify the nature of your business. Say, for example, Infosys Technologies Private Limited. Or Tata Motors Private Limited. Or Reliance Communications Private Limited. So, if you look at these names, there are 2 words — there is “Infosys” and then there is quot;technologies” which signifies the...
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