Company Formation - Essential Requirements of Private Company

	Company Formation - Requirements of Private Co.
	Requirements of Private Co. ( Formation )
Sr.No
1	One proposed plus maximum three additional proposed name.
2	Persons named as promoters/prospective directors should subscribers to MOA & A/A
3	Objects of the company can be stated briefly.
4	Xerox copy of pan card or passport of all directors/subscribers duly certified by CA or CS.
5	The application of the naem E-Form 1-A is made on line by logging in to the MCA portal or by filling
	The form any of the PFO.
6	Fees of  Rs.500/- has to be paid alongwith the signature of the applicant proposing the company
	has attached in the form.
7	The name of the company clearly mentioned and should be tally with the name as allowed the ROC in its letter
	availability of name
8	M\A should contain the five clauses as per S.13
9	Name should be suffixed by words "Private Limited" or "Limited".
10	Minimum two subscribers should sign agreeing to take minimum paid up capital of Rs.1 lakh.
11	Restriction in private limited company as per Articles of Association provided in "Table A"
i	The right to transfer the shares is restricted.
ii	Number of members not to exceed 50.
iii	Prohibition of invitation to public to subscribe shares/debentures.
iv	Prohibition of invitation/acceptance of deposits from persons other than members, directors or their relatives.
12	A printed copy of the same, duly stamped as per law and signed by the subscribers in the prescribed manner,
	is required to be physically delivered to the respective ROC. (MOA/AA)