Dear Experts,

I have Incorporated a new Private Limited Company.Now, I need to file Form INC-21. I feel that following should be the correct procedure (If I am incorrect please guide me with the correct procedure) :-

1. First of all, we must open a Bank Account of the Company with any Scheduled Bank.

2. Second, we should take printout of Form INC-10, fill in the required details and get the photograph and specimen signatures attested by the Banker with whom the Bank Account has been opened in the name of Company.

3. Third, The Board must pass a resolution authorizing any Director to Furnish Declaration that the Share Subscription money by the subscribers to MOA has been duly received and the paid of capital of the company is not less than Rupees One Lakh in case of Private Limited Company. Also, authorizing him to digitally sign the e form INC-21.

4. Stamp Paper in the name of Company should be attached with the E form and writing on the Stamp Paper as under :-

"ANNEXED TO AND FORMING PART OF FORM INC-21 FILED BY .....PRIVATE LIMITED FOR THE COMMENCEMENT OF BUSINESS"

and the Stamp paper should be Signed by such authorized Director.

5. Also attach copy of Bank Statement certifying receipt of subscription money in bank account of the company.

Thanks in Advance.

Please reply urgently.

AS PER NEW COMPANY ACT 2013 SEC 185,NON COMPLIANCE'S ARISE IN MY COMPANY.SO WHAT IS TIME LIMIT WITHIN WITH SUCH NON COMPLIANCE'S SHOULD REMOVED.AS MY COMPANY GRANTS LOANS TO DIRECTOR WHICH IS ALLOWED UNDER OLD ACT BUT DISALLOWED IN NEW ACT. THIS VIOLATION IS CONTINUE.BY WHAT TIME THESE VIOLATION SHOULD BE REMOVED BY COMPANY.........????

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