Company Formation
Formation of a company is the agreed first step towards a starting taking place a business. Company Registration is one of the most dominant services upon which our fixed idea is functioning in Alamganj. People find the allowance for competitive pricing for forming a company at the cost of critical timing of the clients. Since the process of company formation is certainly online we at Meerad manage to pay for our client taking into consideration fastest Registration services in a cost efficient and timely manner.
A part from Company registration we also present gamut of facilities which is one of the major advantage any pioneer shall have if they employ us for the registration process. We have a height to culmination timeline of 7 in action days for completing any type of Company registration in Alamganj provided the documents as provided by the client is normal and the information complete by him is fixed idea in anything respect.
Company by definition is a separate genuine entity determined from its members or directors. Initially a minimum of 2 members were required for incorporating a company but Companies Act, 2013 has brought the concept of One Person Company whereby unaided a single zealot can incorporate a company subject to determined terms and conditions.
Before going for registration it is vital to declare which type of company shall be best suited for the purpose. The main wish of this article is to back up you pick the best issue format.
WHY COMPANY?
- In order to have the funds for your idea a platform to gift yourself in the practicing business environment.
- Because it has centralized registration and without help one recognize will serve anything over the country for the direct of entering into treaty or agreements, and local office can next be opened in the broadcast of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global nod and shall bring the concern at par later than global stakeholders and competitors.
STEPS INVOLVED IN INCORPORATION OF A COMPANY
STEP 1: CHOOSING THE BEST SUITED BUSINESS FORMAT
Once the business area is ascertained, the categorically next step is choosing the type of matter registration. Various factors which are required to be kept in mind though choosing a situation format are:
- Number of buddies or members enthusiastic in the business
- Activity proposed to be undertaken
- Area where such excitement shall take place
- Investment required in the business
- Budget allotted to matter registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most hard part of company registration is finding a unique state of the company. A company broadcast generally consists of 3 parts, First Part is the Part we choose and it must be unique in everything respect, Second Part defines the business argument proposed to be undertaken or area of decree of the company, like construction, education, services etc, Last share determines the type of company like (OPC) Pvt. Ltd or Pvt. Ltd. Or Ltd.
Choosing the first allowance is the most puzzling process. The declare must be identical in all respect and must be active mere empathy to any existing company or registered Trademark.
Search talent is available upon MCA portal whereby the clients can check the availability of name upon both mca as skillfully as register of Trademark.
Ministry of Corporate Affairs has as well as introduced a unique pronounce reservation skill whereby the promoters can pay for 2 make known and if the declare is friendly MCA shall superiority such reveal which shall be easily reached for registration for the neighboring 20 days. Clients can with avail this capacity by paying additional cost for proclaim reservation.
STEP 3: PREPARATION OF DOCUMENTS AND FORMS
Documents are prepared and various forms are filled in order to start the process of Company Registration.
STEP 4: OBTAINING DIGITAL SIGNATURE CERTIFICATE
Class II Digital Signature Certificate is required for filing various forms taking into account MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best fighting the business argument of the company.
STEP 6: FILING OF FORMS WITH MCA
Once everything the forms are filled and signed it is after that uploaded on the mca portal and based on the documents attached and subject to the availability of names and all other applicable rules and laws MCA shall issue sanction of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian produce a result provides for basically three types of companies, depending on the number of members and proposed commotion you can pick you type and prepare your documents accordingly.
1. One Person Company
This is a entirely new concept whereby a single person can incorporate a company, this company comes under the definition of a Private limited Company.
Person incorporating the company must notify at the become old of concentration a Nominee who in the thing of death or incapacity of the zealot shall became the enthusiast of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be on your own one shareholder.
Restriction on One Person Company:
There shall be unaided one aficionada in the company.
- The Authorised allocation capital of the company shall be less than or equal to Rs. 50 lakh
- Annual turnover of the company in a unlimited financial year shall not at any narrowing exceed Rs. 2 crore.
In the issue of non assent of any of the above mentioned three points, the Director of the company shall compulsorily convert the One Person company into Private or Public Company.
Documents/Information Required for Incorporating an OPC
- Sole Member and Nominee
- A copy of PAN
- A copy of Voter ID or Driving License or Aadhar Card
- Upto date bank passbook or bank confirmation or utility tally in the make known of advocate or nominee.
- 2 Passport size photograph
- Mobile Number and E mail Id
- For Registered Office
A copy of Electricity Bill or A copy of Gas credit and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall decline with ……..(OPC) Private Limited.
- Utility Bills shall not be older than 2 months.
2. Private Company
Best suited issue format whereby a minimum of 2 members can incorporate the company by fulfilling clear formalities. Private limited company does not have any restriction with esteem of number of members or turnover or portion capital as there is in the same way as the one person company. So a person can attain business in hassle clear manner without unbearable about any impending non compliance. A private limited company shall have atleast 2 directors at any point of time.
Restrictions on Private Limited Company:
- Shares of a private limited are not freely transferable, a zealot can transfer his/her portion only after taking assent of all the supplementary shareholders.
- A private company cannot meet the expense of directly to public to subscribe for its securities.
Documents/Information Required for Incorporating a Private Limited Company
- Members (Minimum 2)
- A copy of PAN
- A copy of Voter ID or Driving License or Aadhar Card
- Up to date bank passbook or bank verification or utility balance in the broadcast of members
- 2 Passport size photograph
- Mobile Number and E mail Id
- For Registered Office
A copy of Electricity Bill or A copy of Gas version and Gas Passbook
- Company Name and Object.
The Name of the company ends in the same way as the word PRIVATE LIMITED
3. PUBLIC COMPANY
A minimum of 7 members out of which minimum 3 shall be the directors can incorporate a Public company to cater there business needs.
This is the most gigantic and versatile form of situation registration whereby public in general can then invest their keep and take part in active bump of the company.
Public company limits the minimum number of embers to 7 but there is no such restrictions upon maximum number of members. Incorporating a public company takes longer get older in comparison to other forms of concern registration.
Documents/Information Required for Incorporating a PUBLIC Limited Company
Members (Minimum 7)
- A copy of PAN
- A copy of Voter ID or Driving License or Aadhaar Card
- Up to date bank passbook or bank announcement or utility tally in the broadcast of members
- 2 Passport size photograph
- Mobile Number and E mail Id
- For Registered Office
A copy of Electricity Bill or A copy of Gas bank account and Gas Passbook
- Company Name and Object.
The Name of the company ends in imitation of the word LIMITED
Contact us at
+91-85400-78000,
+91-85400-85000,
+91-85400-99000 (Calls and Whatapps both)
Email us at: info@meerad.in,