Kanakkupillai
People who wish to form a firm with limited responsibility must first go through the process of forming a private limited company. In India, the Companies Act 2013 outlines the rules for this legal system. It offers the company a separate legal name and keeps the owners' and partners' assets safeguarded. The first important step in filing is to acquire a Digital Signature Certificate and Director Identification Number for each of the selected directors. After that, the company's name has to be reserved, creation papers such as the Memorandum of Association and Articles of Association need to be made, and an application for private limited company registration needs to be given to the Registrar of Companies. The company receives a Certificate of Incorporation, which is proof that it is officially recognised when it has been approved.