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Private Limited Company is the best kind of business when you think of starting a business. The liability of the shareholders is limited, and it is the most popular and basic kind of limited company for small businesses. 

Doqfy offers you the most simple and easy way to register your Private Limited Company online with simple steps. We take care of all the legal formalities and help you with the compliances as required by the MCA. On the approval of the process, you will receive a Certificate of Incorporation (COI) along with PAN and TAN for your newly formed company. 

Here is the comprehensive guide for registering a Private Limited Company online in India.

Step 1 Obtain Digital Signature Certificate

The first step to getting the Private Limited Company online registration is to get a digital signature certificate, as you will need to sign all the papers digitally with the MCA for incorporation. DSC is mandatory for all subscribers of the MOA and AOA of the company. 

Step-2 Apply and Obtain Director Identification Number (DIN)

In this step, is it mandatory for the Directors of the company to register themselves and obtain DIN from MCA. To obtain a DIN, you have to apply for the DIN online along with the necessary documents. You can also apply within the SPICe+ form for up to three directors.

Step-3 Name Reservation

For starting a new company, you need name approval from the MCA. This step is to ensure the proposed company name is in alignment with the rules and regulations and does not violate any other company’s rights. You can reserve a name for your company in part A of SPICe+.

Step-4 Form SPICe+ (INC-32)

Recently, MCA introduced the registration portal for the New Private Limited Company. You can fill the form and complete the formalities in Part B of the SPICe+ online Notarized Rent Agreement. On the approval of the name, the user can click on the link in the dashboard and complete the further steps. 

Step- 5 e-MoA(INC-33) and e-AoA (INC-34)

This step is very crucial for the registration of the company. You have to file an electronic AOA and MOA of the company online for the registration process. MOA is the charter of the company, where AOA is the bylaws. You can create eMOA and eAOA and digitally sign with DSC.

Step- 6 PAN and TAN Application

Once you have completed all the steps, you will also be provided with the necessary PAN and TAN forms so that you can generate your PAN and TAN with a single registration platform. Later you can apply for the Current account opening in the blanks for the company's business. 

Get your company registered with the automated process of Doqfy. We successfully register your company with the MCA by completing all the necessary forms and compliances. We are a team of professionals who understand the Online Legal Documentation and Encumbrance Certificate Online process to help businesses in their day-to-day business. Registering your company can be a difficult procedure, but not with the help of the professional Legal Documentation team of Doqfy. 

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Non-disclosure Agreements are the way for businesses to keep a lid over sensitive and competitive business ideas to maintain a competitive edge. Many companies would like to draw NDA for the transactions with the outside parties to keep the innovative ideas and profitable product secrets to themselves. 

Basically, NDA is drawn between the parties who agree to share the information within the contracting parties in order to help each other. However, either party will refrain from sharing the business information outside the contract. 

A Non-disclosure Agreement (NDA) is a legal document for businesses that want to keep their business secrets safe from competition. Other names for the documents are confidentiality Agreements or adding confidentiality clauses in the larger document.

Why do you need an NDA?

If you are building a business or you are a startup, you might want to keep certain information about your business from your competition. Here are some business assets which owners want to protect with the help of NDA. 

Intellectual Property

When you are developing some intellectual properties like patents, formulas, secret recipes, or programming codes, you might want your employees and consultants to sign NDA with you so that they do not share the information with someone outside the business. NDA can protect you from a prospective profitable business.

Proprietary Information and Trade Secrets

Businesses have trade secrets and information that keeps them ahead of the competition. They can be your suppliers, your prodigy development method, your marketing team, or your research data. To keep the business uplifting and to run, the business owners protect these trade secrets by signing an NDA with the involved party. The most important reason to sign an NDA is to protect your company from potential loss due to disclosure of the secrets to your competition. 

How does NDA Work?

Having NDA drawn up ensures that your business secrets are not spilled to your potential competitors, creditors, and investors. The written and  Online Legal Documentation and Encumbrance Certificate Online binding NDA enforces the signing parties to keep the secrets and also mentions the extent of liability in case of a breach. 

The clause in the NDA should specifically include the business assets for the protection of which this agreement is drawn. In the absence of a proper NDA, the business could lose its business assets to its competitors. 

Types of Non-disclosure Agreement

The content of the NDA is mostly unique since it is drawn according to the business asset and details. However, in general, there are two types of NDA drawn in the business- unilateral and mutual.

Unilateral NDA

Unilateral NDA means an Notarized Rent Agreement whereby one party agrees to the terms of the agreement as directed. For example, an employee signs an NDA, which prohibits him from keeping the information to himself.

Mutual NDA

While mutual NDA is signed where both the contracting parties agree to keep the business proprietary details as a secret for the business profits. 

Conclusion

In order to protect sensitive and confidential information, non-disclosure agreements are an important legal framework. Doqfy automates the NDA and  Legal Documentation drafting process professionally for all kinds of business. 

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Suppose you are about to sign a contract, whether it is related to the property, new purchase, job, or legal matters. Contracts can be very tricky. They have ample grey areas, which can cause problems for you. Hence, we should be very careful once you sign a contract. 

In this blog, we have listed 5 recommendations, and stay alert when you are signing a contract with any party. 

Read to the detail

When you are reading the contract, you must pay attention to the details. There can be clauses and wording in the draft that may create Online Legal Documentation and Encumbrance Certificate Online obligations for you. A detailed reading of the contract is necessary to keep the problem at bay. You can also consult with your lawyer or use the consultation of a professional. 

Do not avoid confusion.

When you read the contract, you must be sure that all the clauses and wording in the draft are correct and point towards your understanding. However, it is always advisable that you understand everything you read. Even in case of slight confusion, avoid signing the contract. You can delay the signing of the contract and discuss the point with your lawyer or another party of the contract. In addition, delaying your signature until you fully understand the contract will benefit your negotiations and may lead to additional benefits. You can also perform a detailed history check during the delay period, which can reveal important details that can be helpful to you.

Seek professional advice

The contract can be very confusing and can be tricky if not drafted by your lawyers. You can take help from professionals who have ideas about contract drafting and drawing. They will help you understand the clauses and also find hidden things in the contract that may result in liability for you. 

Know your Rights and Duties

A legal contract is all about rights and duties. With clarity and being part of the contract, you must know your rights and duties, and all the clauses mentioned in the contract should be within the ambit of the Legal Documentation scenario. Although, if you don't read the contract with precision and care, you can end up having problems. 

Get everything in writing.

When you are drawing contracts, get everything in writing. Do not rely on oral promises. The whole point of having a contract is to have legal and written binding on the deal. The contract should be properly executed and legalized with the regulations of the country. 

Conclusion

Many think that contacts are just formality. However, they are legally binding on the parties who have signed it. Once you sign the contract, you are committed to the terms and conditions. You can keep the above-mentioned points when you are signing a contract. 

Although we also add that you should keep a copy of the contract with yourself for your future reference. Do not hesitate to ask for professional help. Also, a reminder "ignorance of the law excuses no one”; hence you should be alert before you sign a contract. 

There is various legal documentation that is required by individuals and businesses o fulfil legal obligations in carrying out any commercial or personal activity. Stamp paper duty is one such legal obligation paid to the government by an individual when purchasing or selling any property. It is a vital document to carry out selling or buying of property or land. 

Stamp duty can be paid online or offline. In a world where everything is digitized, getting Legal Documentation and  Encumbrance Certificate Online has also been made possible through online modes. E-Stamp Paper Online is easily available for individuals and corporates through various online platforms like Doqfy. There are some frequently asked questions about e-stamp paper online and Rental Agreement. Let us look at some of these questions.

1.     What are the payment modes available?

Stamp duty can be paid through various modes of payment. You can choose from the different modes of payment available. You can either pay it through online modes like NEFT, Demand draft, cheque, e-wallets or pay orders. It is easy to pay for e-stamp paper online and can be done instantly.

2.                 When will I receive the e-stamp certificate?

Once you have completed all the formalities along with filing the forms and paying the stamp duty amount, you don’t need to wait for the e-certificate as you can get it immediately. E-stamp certificates are delivered to the concerned parties instantly.

3.                 Is stamp duty necessary?

Many people ask this question because they want to avoid the amount to be paid against the e-stamp certificate or the E Stamp Paper . Stamp duty is a necessity when it comes to buying or selling a property or land. Without paying the stamp duty, the trade of property can be termed illegal by the concerned authorities. Hence, you should always pay the stamp duty.

4.                 Is a duplicate copy of the e-stamp paper online available?

The authorities that issue the stamp paper or the e-stamp paper online do not provide the party concerned with a duplicate copy of the e-stamp paper online. You can’t get a duplicate copy of the e-stamp paper online and you need to retain the original copy of the e-stamp paper online provided by the authorities.