Assam's economy centres around agriculture, tea production, and oil resources, with a growing emphasis on tourism, textiles, and other industries. This provides a solid base for private limited company registration In the North Eastern state, especially in its financial centre, Guwahati.
According to the Companies Act of 2013, a Private Limited Company is a particular type of company whose shares are privately owned by shareholders and the company is not listed on the stock exchange. Due to the limited transferability of shares and the focus on shareholder interests, a Private Limited Company enjoys certain privileges and exceptions as provided by the law.
What are the Eligibility criteria for Private Limited Company Registration in Assam?
The basic eligibility criteria to be met for Private limited company registration in Assam comprises:
- Minimum requirement of 2 shareholders and 2 directors.
- At least one director should be an Indian resident, having spent a minimum of 182 days in India in the previous year.
- The proposed business in Assam should have a registered office address for conducting operations.
- Directors of the company need to obtain a Digital Signature Certificate (DSC) for online filing authorisation.
- Director Identification Number (DIN) is also required for the directors.
- Business owners must draft legal documents, including shareholders' agreement, Memorandum of Association (MOA) and Articles of Association (AOA).
Documents Required for Private Limited Company Registration in Assam
When registering a company in Assam, there are several important documents that need to be provided. These documents serve as essential proofs and legal requirements. A detailed list of the documents needed for company registration in Assam comprises:
A copy of the PAN (Permanent Account Number) Card for all directors and shareholders is mandatory. This serves as a unique identification number for taxation purposes.
Valid identity proof is required for all directors and shareholders, which could be as Aadhaar Card, Voter ID, Passport or Driving License.
Documents such as Aadhaar Card, Voter ID, Passport or Driving License can be submitted as address proof.
- Registered Office Address Proof:
Proof of the registered office address must be provided, which can be as utility bill, rent agreement, etc.
- Memorandum of Association and Articles of Association:
The MOA and AOA are those set of documents that outline the company's objectives, rules and regulations. These documents are to be drafted and submitted as part of the registration process.
What is the Procedure for Private Limited Company Registration in Assam?
The process to Register a private company in the Assam is as provided below:
Ensure eligibility requirements:
Make sure you meet all the eligibility requirements for incorporating the specific business entity.
Obtain Digital Signature Certificate (DSC) and Directors Identification Number (DIN):
Founding members and directors should apply for DSC and DIN through the online portal of the Ministry of Corporate Affairs (MCA).
Reserve the company name:
File an application to reserve the company name, providing up to 6 preferences. The MCA will conduct an online search and allot a name based on availability.
Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for the company. Seeking assistance from professionals like StartupFino is recommended for this step.
Pay fees to the Registrar of Companies (RoC):
Pay the required fees, including stamp duty and processing fee, to the RoC.
Review and verification by the RoC:
The regional RoC office will review and verify the submitted details. If satisfied, the RoC will issue the certificate of incorporation to the business.
Obtain additional registrations:
After receiving the certificate of incorporation, apply for the Company PAN and TAN for tax purposes. Additional registrations may be required based on the nature of the proposed business.
What are the Services Offered by StartupFino for Private Limited Company Registration in Assam?
StartupFino is a company that specialises in offering complete services for Private Limited Company registration in Assam. We can help you with all requirements from providing advice in the initial phase to ensuring that you meet all the necessary requirements, while also keeping your Company in good legal standing in Assam.