If you can’t watch the video following are the points to read:
#1 Open your Company bank current account
- Documents needed – Company PAN Card, Board Resolution for opening and operating company bank account
#2 Deposit the Share Capital money in your Bank Account
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Timeframe Within 60 days of the Incorporation of the company, every shareholder must deposit.
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Any shareholder holding shares worth Rs. 20,000 or more must pay only by way of cheque or internet transfer and not in cash.
#3 Issue the Share Certificates to Shareholders
- The company must issue Share Certificates to its shareholders within 2 months of its Incorporation
#4 Disclosure of interest by Directors
- Every Director of the Company in its First Board meeting after incorporation will disclose his or her interest (ownership or shareholding or directorship) in any other company/LLP/Firm.
#5 Trademark Registration
- Protection against Copycats
- Helps in expansion of business
- Make money via royalty
- Secure your brand and image
#6 GST Registration
- If your current supply of goods or service is over Rs. 20 lakh, you need to get a GST Registration
#7 Accounting Process
- A Private Limited Company has to maintain and update from time to time 7 to 8 mandatory registers like Register of shares, Register of Members, Register of Directors etc, besides Minutes of the Board Meetings and Annual General Meeting
#8 Board of Directors Meeting
- The First Board meeting of a Pvt. Ltd. Company shall be conducted within 30 days of Incorporation
Further, minimum 4 Board Meetings shall be held in a calendar year (one meeting in every 3 months).
#9 Shareholders Meeting
- AGM need to be held once in every calendar year and within 6 months from the date of closure of the financial year.
