top of page
45.jpg
45.jpg
a2.jpg

Meaning

Minimum paid up capital

No of Directors

No of members

Transferability of shares

Private Limited

Public Limited

Section 08

Government Company

Private Limited Company is a business entity in which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be traded in public

A public company is a company that has permission to issue registered securities to the general public through an initial public offering (IPO) and it is traded on at least one stock exchange market

The Companies Act defines a Section 8 company as one whose objectives is to promote fields of arts, commerce, science, research, education, sports, charity, social welfare, religion, environment protection, or other similar objectives. These companies also apply their profits towards the furtherance of their cause and do not pay any dividend to their members.

A Government company is one in which not less than 51% of the paid-up share capital is held by the Central Government or a State Government or jointly by both.

No limit

No limit

No limit

No limit

2

3

Section 08 company can be formed wither as a public company or a private company

Government company can be formed wither as a public company or a private company

Minimum 2 Maximum 200

Minimum 7 Maximum no limit

Section 08 company can be formed wither as a public company or a private company

Government company can be formed wither as a public company or a private company

Completely restricted

No restriction

Section 08 company can be formed wither as a public company or a private company

Government company can be formed wither as a public company or a private company

PROCEDURE TO INCORPORATE COMPANY...

1. Check the name availability

The first step in the incorporation of any company is to choose an appropriate name. A company is identified through the name it registers. The name of the company is stated in the memorandum of association of the company. The company’s name must end with ‘Limited’ if it’s a public company and ‘Private Limited’ if it’s a private company.

2. Collect the following documents to incorporate company.

  • DIN (Director Identification Number) of all directors.

  • PAN of all individual that are proposed to be appointed as a director in a company

  • Identity proofs (Driving License/passport, voter’s id) and addresses proofs (Adhar card/Light bill/bank statement) of all directors.

  • Passport sized photograph of all directors.

  • Address proof of registered office of company.

  • Digital Signature of any one of the directors so as to submit the incorporation form on MCA portal.

3. Incorporation process.

  1. Determine the amount of share capital with which company to be incorporated.

  2. File the company incorporation forms on MCA portal. This forms called SPICE+ 32 (earlier known as Spice 32), SPICE+ 33 (earlier known as Spice 33 MOA), SPICE+ 34 (earlier known as Spice 34 AOA).

  3. This forms can be filled while login on MCA portal only. Thus, for anyone who wants to file the incorporation forms on MCA portal, must create his/her login id on MCA portal. Where you can fill the form, save it for your convenience and attach all supporting documents as asked in the forms.

  4. After fulfilling the above requirement, click on CHECK FORM tab. This button enables you to verify whether all the mandatory fields have been properly filled in and nothing left improper in the form.

  5. Clicking on CHECK FORM tab, a pop up message will be displayed on your computer screen. This message will indicate any error in the form if any, or if the form is complete in all respect the message will pop up on the screen indication “CHECK FORM SUCCESSFUL. PLEASE AFIX YOUR DSC).

  6. After filling the whole form and attach all the requisite documents, attach digital signature of one of the directors and this form must be authorised by practicing Chartered Accountant/cost accountant/company secretary.

  7. On successful attachment of DSC, click on PRESCRUTINY tab. This tab verifies the validity of DSC, version of form filed etc.

  8. On clicking the PRECRUTINY tab, a message will display on screen indicating any error in the form if any, or if there is no error in the form, a message “NO PRESCRUTINY ERROR HAVE OCCURRED” will be displayed.

  9. Save the form and submit it. Pay requisite fees for filing the form immediately after that.

  10. Once you pay the fees, acknowledgement will be generated. This acknowledgement contains the SRN (service request number), which is helpful for tracking of this form’s status.

Need more details? Contact us...

We are here to assist. Contact us by

bottom of page