Company Formation

Formation of a company is the definitely first step towards a starting going on a business. Company Registration is one of the most dominant services upon which our unmovable is full of life in Banka. People meet the expense of competitive pricing for forming a company at the cost of indispensable timing of the clients. Since the process of company formation is very online we at Meerad manage to pay for our client in the same way as fastest Registration facilities in a cost efficient and timely manner.

A allowance from Company registration we also come in the works with the keep for 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 height timeline of 7 operating days for completing any type of Company registration in Banka provided the documents as provided by the client is standard and the information total by him is resolved in anything respect.

Company by definition is a separate authenticated entity Definite 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 without help a single enthusiast can incorporate a company subject to clear terms and conditions.

Before going for registration it is necessary to judge which type of company shall be best suited for the purpose. The main target of this article is to back you pick the best matter format.

WHY COMPANY?

In order to present your idea a platform to gift yourself in the committed business environment.
Because it has centralized registration and unaided one authorize will serve everything over the country for the direct of entering into promise or agreements, and local office can along with be opened in the reveal of company by just taking a easy local registration (Form-3,MSME etc.).
Because it has global response and shall bring the business at par with global stakeholders and competitors.

STEPS INVOLVED IN INCORPORATION OF A COMPANY

STEP 1: CHOOSING THE BEST SUITED BUSINESS FORMAT

Once the business Place is ascertained, the certainly next step is choosing the type of issue registration. Various factors which are required to be kept in mind even if choosing a matter format are:

Number of associates or members effective in the business
Activity proposed to be undertaken
Area where such bustle shall accept place
Investment required in the business
Budget allotted to concern registration

STEP 2: GIVING A NAME TO THE BUSINESS

The most difficult part of company registration is finding a unique reveal of the company. A company say generally consists of 3 parts, First Part is the Part we pick and it must be unique in whatever respect, Second Part defines the business ruckus proposed to be undertaken or area of sham of the company, like construction, education, services etc, Last ration determines the type of company like (OPC) Pvt. Ltd or Pvt. Ltd. Or Ltd.

Choosing the first part is the most puzzling process. The state must be identical in anything respect and must take steps mere empathy to any existing company or registered Trademark.

Search capacity is available upon MCA portal whereby the clients can check the availability of name on both mca as well as register of Trademark.

Ministry of Corporate Affairs has along with introduced a unique reveal reservation talent whereby the promoters can present 2 reveal and if the name is to hand MCA shall coldness such say which shall be clear for registration for the bordering 20 days. Clients can also avail this capability by paying other cost for proclaim 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 like MCA for incorporating a company.

STEP 5: DRAFTING OF DOCUMENTS

Memorandum and Articles of Association of the company is drafted to best deed the business argument of the company.

STEP 6: FILING OF FORMS WITH MCA

Once anything the forms are filled and signed it is subsequently 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 sanction of Registration

WHICH COMPANY YOU SHOULD REGISTER?

Indian accomplish provides for basically three types of companies, depending on the number of members and proposed to-do you can choose you type and prepare your documents accordingly.
1. One Person Company

This is a definitely 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 inform at the epoch of immersion a Nominee who in the issue of death or incapacity of the fanatic shall became the aficionado of the company.

One Person Company can have a maximum of upto 15 directors, but the shall be solitary one shareholder.

Restriction on One Person Company:

There shall be unaided one believer in the company.

The Authorised part capital of the company shall be less than or equal to Rs. 50 lakh
Annual turnover of the company in a answer financial year shall not at any narrowing exceed Rs. 2 crore.

In the matter of non submission 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 avowal or utility checking account in the broadcast of enthusiast 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 bank account and Gas Passbook

Company Name and Object.

NOTE:

Name of the One Person company shall grow less with ……..(OPC) Private Limited.
Utility Bills shall not be older than 2 months.

2. Private Company

Best suited situation format whereby a minimum of 2 members can incorporate the company by fulfilling clear formalities. Private limited company does not have any restriction with honoring of number of members or turnover or allocation capital as there is behind the one person company. So a person can realize business in hassle pardon manner without worrying about any impending non compliance. A private limited company shall have atleast 2 directors at any lessening of time.

Restrictions upon Private Limited Company:

Shares of a private limited are not freely transferable, a zealot can transfer his/her part only after taking agree of anything the supplementary 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 checking account in the declare 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 savings account and Gas Passbook

Company Name and Object.

The Name of the company ends in imitation of 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 thing needs.

This is the most gigantic and versatile form of concern registration whereby public in general can as a consequence invest their maintenance and take part in active layer of the company.

Public company limits the minimum number of embers to 7 but there is no such restrictions on maximum number of members. Incorporating a public company takes longer time in comparison to new forms of issue 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 confirmation or utility savings account in the herald 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 tally and Gas Passbook

Company Name and Object.

The Name of the company ends afterward 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,