A digital code (generated and authenticated electronically by competent authorities) which can be attached to an electronic document in order to verify the applicant identity.
In simple words, it can be understood as a signature which is done electronically. We all do Manual signatures by Pen, but we cannot sign on computers, therefore, to sign any electronic document we need a digital signature . Digital signature looks like the followings.
Digital signatures are also protected with the PIN. It generally takes 1-2 days with a cost Rs.800 to 1500.
It is a unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company.
In simple words, just like a PAN, DIN is also unique allotted to every individual.
DIN generally takes 2 hours to 1 day. DIN instantly allotted upon form upload. The cost of DIN is Rs.500.
DIN is an eight digit number allotted to every director. No person can become a director without first applying for DIN.
Every proposed company has to first apply for the name. The name should be unique and should not resemble with any existing company. The uniqueness of the name can be verified from MCA portal & Quickcompany Company Registration
Name approval generally takes 3 to 10 days. It actually depends upon MCA for approval. It cost Rs.1000. Every allotted name is valid for 60 days. Therefore the further actions should be completed or initiated within 60 days.
Every company has to draft MOA and AOA. MOA states the company’s proposed objective for which company is being incorporated.
AOA states the company’s legal policies for its operations. They are to be drafted and to be filed by the applicants in the next step to the ROC.
After MOA, AOA drafting, in this step, the applicant shall apply for incorporation through Spice 32, 33 & 34. This will be the detailed form, which will include all the information about the subscriber and directors (DIR 12).
Each subscriber shall submit his copy of PAN card, Identity proof and any one of the following:
Form is also required to be certified by a professional and it should be in the form of affidavit printed duly on a stamp paper.
With the attached documents, Spice 32, 33, 34 is filed on payment of prescribed fees (including stamp duty) which actually depends on the share capital and type of company registered.
Approval generally takes 3 to 10 days.
After applying for the registration , registered office is to be confirmed to the ROC within 30 days of the incorporation.