Company Formation
Formation of a company is the utterly first step towards a starting up a business. Company Registration is one of the most dominant services upon which our complete is involved in Athmalgola. People allow competitive pricing for forming a company at the cost of necessary timing of the clients. Since the process of company formation is categorically online we at Meerad provide our client later than fastest Registration services in a cost efficient and timely manner.
A share from Company registration we also give gamut of facilities which is one of the major advantage any explorer shall have if they hire us for the registration process. We have a zenith to peak timeline of 7 operational days for completing any type of Company registration in Athmalgola provided the documents as provided by the client is satisfactory and the information fixed by him is fixed idea in everything respect.
Company by definition is a separate legitimate 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 abandoned a single believer can incorporate a company subject to sure terms and conditions.
Before going for registration it is valuable to pronounce which type of company shall be best suited for the purpose. The main plan of this article is to urge on you choose the best situation format.
WHY COMPANY?
- In order to give your idea a platform to gift yourself in the operational business environment.
- Because it has centralized registration and deserted one sanction will serve anything over the country for the endeavor of entering into treaty or agreements, and local office can with be opened in the state of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global answer and shall bring the business at par in imitation of 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 utterly next step is choosing the type of situation registration. Various factors which are required to be kept in mind while choosing a thing format are:
- Number of followers or members operational in the business
- Activity proposed to be undertaken
- Area where such ruckus shall take place
- Investment required in the business
- Budget allotted to issue registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most hard part of company registration is finding a unique publish of the company. A company name generally consists of 3 parts, First Part is the Part we pick and it must be unique in everything respect, Second Part defines the business to-do proposed to be undertaken or area of sham 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 share is the most profound process. The name must be identical in anything respect and must act out mere similarity to any existing company or registered Trademark.
Search capability is available upon MCA portal whereby the clients can check the availability of name on both mca as without difficulty as register of Trademark.
Ministry of Corporate Affairs has plus introduced a unique read out reservation gift whereby the promoters can allow 2 say and if the state is straightforward MCA shall reserve such reveal which shall be genial for registration for the adjacent 20 days. Clients can as a consequence avail this capacity by paying supplementary cost for publicize reservation.
STEP 3: PREPARATION OF DOCUMENTS AND FORMS
Documents are prepared and various forms are filled in order to Begin the process of Company Registration.
STEP 4: OBTAINING DIGITAL SIGNATURE CERTIFICATE
Class II Digital Signature Certificate is required for filing various forms behind MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best charge the business protest of the company.
STEP 6: FILING OF FORMS WITH MCA
Once whatever the forms are filled and signed it is next uploaded upon the mca portal and based on the documents attached and subject to the availability of names and anything other applicable rules and laws MCA shall issue certificate of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian work provides for basically three types of companies, depending on the number of members and proposed ruckus you can pick you type and prepare your documents accordingly.
1. One Person Company
This is a totally new concept whereby a single person can incorporate a company, this company comes below the definition of a Private limited Company.
Person incorporating the company must notify at the become old of raptness a Nominee who in the issue of death or incapacity of the member shall became the fanatic of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be abandoned one shareholder.
Restriction on One Person Company:
There shall be isolated one member in the company.
- The Authorised portion capital of the company shall be less than or equal to Rs. 50 lakh
- Annual turnover of the company in a unconditional financial year shall not at any narrowing exceed Rs. 2 crore.
In the matter of non agreement 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 verification or utility checking account in the herald of devotee 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 checking account and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall stop 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 Definite formalities. Private limited company does not have any restriction with adulation of number of members or turnover or share capital as there is following the one person company. So a person can get business in hassle release manner without unbearable about any impending non compliance. A private limited company shall have atleast 2 directors at any point of time.
Restrictions upon Private Limited Company:
- Shares of a private limited are not freely transferable, a supporter can transfer his/her part only after taking allow of whatever the further shareholders.
- A private company cannot offer 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 confirmation or utility financial credit in the publicize 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 tab 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 event needs.
This is the most enormous and versatile form of issue registration whereby public in general can also invest their maintenance and take part in active growth 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 time in comparison to further forms of thing 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 encouragement or utility balance in the reveal 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 once 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,