Can the private company be incorporated with a residential address?
Yes. For incorporation, the company must provide address proof. However, a residential address may be used as the company's registered address under the Ministry of Corporate Affairs' (MCA) guidelines
What are the prerequisites to incorporate a Private Limited Company?
The prerequisites for the incorporation of a private limited company are:
• The number of members must be between 2-200.
• There must be at least two directors and two shareholders
• Each director must have a Directors Identification Number (DIN)
• PAN card copy of directors/shareholders and Passport copy for NRI subscribers.
What is MOA and AOA?
Section 2(56) of the Companies Act 2013 defines the Memorandum of Association (MOA). The company is built on it as its foundation. It outlines the company's objectives, powers, and constitution.
Section 2(5) of the Companies Act defines the Articles of Association (AOA). It includes a list of all policies and procedures related to company management.
How much time is required for new Private Limited Company Registration in Delhi?
Normally, it take 1-2 weeks time for Company registration provided all documents are supplied on time.
How are PAN and TAN communicated to the user once SPICe INC 32 is accepted?
The Certificate of Incorporation (COI) will be issued with a valid PAN and TAN as assigned by the Income Tax department on acceptance of the SPICe forms. The applicant will receive an email containing the COI, PAN, and TAN attached to it. Since a laminated card is no longer required for PAN, the PAN and TAN in the email will be recognised as valid.
What is Authorized Capital?
The Authorized Capital is the maximum amount of capital that a company is authorized to issue to the shareholders.
What is Paid-up Capital?
Portion of authorized capital that has been issued and paid by shareholders.