How to start a Private Limited company in India?

Here are the general steps you would need to follow to register a private limited company in India:

1. Choose a unique name for your company: The first step is to choose a unique name for your company. You can check the availability of the name by conducting a name search on the Ministry of Corporate Affairs (MCA) website (Click Here to open MCA link).
2. Director and Promoter required: A minimum of 2 directors who are residents of India and Minimum of 2 shareholders/promoter and a maximum of 200 shareholders are required.
3. Obtain Digital Signature Certificate (DSC): The next step is to obtain a class 3 individual Digital Signature Certificate (DSC) for all the directors of the company. DSC is used to sign documents electronically. You will get Digital Signature for validity of 2 years or 3 years.
   
4. Obtain Director Identification Number (DIN): The next step is to obtain a DIN for all the directors of the company. DIN is a unique identification number assigned to each director. Remember after getting DIN you have to update the DIN between June to September of every year, and 30th September of every year is the last date of updating DIN or the late fees is Rs. 5000/- or more.
5. Create a business profile on MCA Portal: Now open MCA portal (www.mca.gov.in) and create a business profile to apply for Private Limited company incorporation.
6. Choose Authorized capital and Paid-up capital: Choose authorized capital (AC), the AC must be minimum 1 lakh.
7. Prepare and file the Memorandum of Association (MOA) and Articles of Association (AOA): The MOA and AOA define the objectives and rules of the company. These documents must be prepared and filed with the Registrar of Companies (RoC) in the state where the company will be registered.
8. Payment of Company Registration fees and stamp duty: Pay company incorporation fees and state wise stamp duty at MCA portal using internet banking.
9. Obtain the Certificate of Incorporation: Once the MOA and AOA are approved by the RoC, the company is issued a Certificate of Incorporation.
10. Company Permanent Account Number (PAN) Card and Tax Deduction and Collection Account Number (TAN) No: After company incorporation you will get PAN card at your email ID and also PAN no and TAN no printed on Incorporation Certificate.The PAN is used for income tax purposes, and the TAN is used for tax deduction and collection at source.
11. Employees’ Provident Fund (EPF) and Employees’ State Insurance Corporation (ESIC): You will get EPF and ESIC with Company incorporation automatically, check your Email for that, and close your EPF and ESIC if you dont want to use them, because after 6 month of company incorporation ESIC department maybe will send notice. consult with EPF and ESIC consultant for that.
12. Open a bank account in any bank: The company must open a bank account in its name and obtain a company seal within 6 month of company incorporation and deposit amount as per promoters share and download statement and file for commencement of business (FORM INC-20A)
13. Register for other licenses and permits: Depending on the nature of the business, the company may require other licenses and permits, such as a trade license, environmental clearance, and so on.
14. Register for Goods and Services Tax (GST): If the company’s turnover exceeds a certain threshold, it must register for GST, which is a value-added tax.
15. Hire a Chartered Accountancy (CA) and Company Secretary (CS): Hire a CA or CS within 180 days of incorporation of company.