Answer to Question #234991 in Law for Philie

Question

Briefly outline the procedure that must be followed to register a private company in terms of the Companies Act 71 of 2008. (5)

Answer 1

Step 1: - Application for allotment of Director Identification Number in DIR-3

Attachments- ID Proof, Residence Proof, Copy of Verification by Applicant in DIR-4, Specimen Signature

Step 2: – Application of Name availability / Reservation of Name INC-1

Step 3: – Application for Incorporation of Company INC-7

Attachments-

Memorandum of Association,

Article of Association,

Declaration INC-8,

Affidavit from Each Subscriber in INC-9

Specimen Signature in INC- 10

Step 4: – Notice of Situation of registered Office of Company under Incorporation INC-22

Attachments-

Proof of Registered Office address (Conveyance/Lease deed/Rent Agreement along with the rent receipts) etc.;

A proof that the Company is permitted to use the address as the registered office of the Company if the same is owned by any other entity/ Person (not taken on lease by company)

Step 5: - Intimation regarding its First Directors DIR-12

Attachments-

Consent to act as a Director in DIR-2

Interest in Other entities

Step 6: - Declaration prior to commencement of business INC-21

(Declaration has to be filled by Director within a period of 180 days from the date of incorporation)

Attachments-

Certificate of Incorporation

Specimen Signature in INC- 10