1. Application of DSC & DPIN :
In the first step, all the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by the “MCA”. If the directors already have both the “DSC and DPIN”, then this step can be skipped.
2. Name search and filing ( 3 time ) :
You need to provide 3 different options for your company name to the MCA, of which one will be selected. Names provided should ideally be unique and suggestive of the company’s business.
3. MOA & AOA submission :
Once the “name” is approved, one needs to draft a “Memorandum of association” and “Articles of Associate”. Both MOA and AOA are to be filed with the MCA and the “Digital Signature Certificates (DSC)”, is mandatory to be attached with both of them.
4. Get incorporation certificate :
It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification acts as a proof of the fact that the “company has been created”. It also includes your CIN number.
5. Apply for PAN, TAN and Bank account :
Then you need to apply for PAN and TAN. As both are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank, to open your bank account.