Question

Bhuvan wants to set up a private limited company. As an advisor of Bhuvan, guide him and explain the steps of formation of a private limited company. What are the steps to set up a private limited company?

Answer 1

Bhuvan should follow following steps of formation of private limited company-

• Apply for Directors Identification Number and Digital Signatures.
• Selection of type of the company.
  
• Selection of name for the proposed company.
  
• Drafting of Memorandum and Articles of Association.
  
• Stamping, digitally signing and e-filing of various documents with the Registrar.
  
• Payment of Fees.
  
• Obtaining Certificate of Incorporation.