Private Limited Company

Knowledge Base - Private Limited Company

01. How can I apply for a Company Name?

File eForm1 A by logging in the portal along with a payment of fees of Rs.500/- and attaching the digital signature of the applicant proposing to incorporate the company. If proposed name is not available apply for a fresh name on the same application.


02. Can I apply for a Company Name Online?

Yes, You can avail this service at MCA portal.


03. What is the validity period of the Name approved?

The approved name is valid for a period of 60 days from the date of approval. The Applicant can renew the approved name for another 30 days by submitting Form-1AR on MCA portal before the expiry of initial validity period along with the fees of Rs. 250/-.


04. What is the minimum number of directors required to form a company?

Minimum no. of directors for:

  • Private Limited Company: 2
  • Public Limited Company: 3
  • Producer company: 5

05. What is the minimum number of subscribers required for registration of a company?

Minimum no. of subscribers for:

  • Private Limited Company: 2
  • Public Limited Company: 7
  • Producer company: 10

06. What is the minimum Paid-up Capital at the time of registration of a company?

The minimum paid up capital for :

  • Private Limited Company: Rs.1,00,000/-
  • Public Limited Company: Rs.5,00,000/-

This limit is not applicable to company having licence under section 25.


07. What should I do, if I fail to make payment of challan of Form 1 before expiry date?

In such a case, you need to file Form 1 again but same can be filed only after 15 days from the Challan Date. On attempting to file Form 1 before the expiry of above said period, the system will give an error message "Form 1 has already been filed corresponding to the form1A Reference Number".


08. What should I do, if I fail to make payment of challan of Form 5 before expiry date?

In such a case, you need to file Form 5 again but same can be filed only after 15 days from the Challan Date. On attempting to file Form 5 before the expiry of above said period, the system will give an error message "There is/ are pending Form(s) 5 in respect of the company. Please file this form 5 after approval of the pending Form(s) 5."


09. The registered office of my company has been shifted from the jurisdiction of one ROC office to another.

You are required to file both these forms at MCA portal only once. The filed eForms shall be available at both the ROCs for approval/ registration. You shall be required to obtain the changed CIN and the Certificate for change of registered address from the ROC office, where the company is shifting.


10. Is email ID mandatory for a company?

The email ID is required for the purpose of communication with the company/ applicant. It has been made as a mandatory field for the following eforms:


11. Can I use Pvt., (P), Ltd., etc. in place of Private or Limited in the proposed name of the company while filing eForm 1A?

You should use the words Private and/ or Limited in full only.


12. The company I am incorporating is being promoted by a Foreign company. What details should I provide in Form 1?

In the field 'Whether promoted by an existing company', details are to be given only where the company is being promoted by an Indian company. In your case, you should select 'No' as the company is being promoted by a foreign company.


13. Whether Annual return in case of listed company requires certification by a professional?

Annual return as per Schedule V of the Companies Act, 1956 is required to be attached with eForm 20B. Hence, all the existing legal provisions relating to Annual return such as signatory, certification are required to be complied. The scanned copy of duly signed and certified Annual Return has to be attached to eForm 20B.


14. How do I check name availability for incorporating a company?

The applicant proposing to incorporate a new company can search for the name of the new company by using the Check Company Name service under Other Services tab on the homepage of MyMCA portal.


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