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 on which our definite is working in Bero. People provide competitive pricing for forming a company at the cost of critical timing of the clients. Since the process of company formation is completely online we at Meerad pay for our client subsequently fastest Registration services in a cost efficient and timely manner.
A ration from Company registration we also give gamut of services which is one of the major advantage any opportunist shall have if they hire us for the registration process. We have a top to culmination timeline of 7 enthusiastic days for completing any type of Company registration in Bero provided the documents as provided by the client is usual and the information pure by him is total in whatever respect.
Company by definition is a separate authentic 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 lonely a single aficionado can incorporate a company subject to sure 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 purpose of this article is to encourage you pick the best business format.
WHY COMPANY?
- In order to come in the works with the grant for your idea a platform to gift yourself in the functioning business environment.
- Because it has centralized registration and unaccompanied one sanction will serve whatever over the country for the strive for of entering into deal or agreements, and local office can along with be opened in the say of company by just taking a easy local registration (Form-3,MSME etc.).
- Because it has global response and shall bring the concern at par afterward 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 very next step is choosing the type of situation registration. Various factors which are required to be kept in mind even though choosing a concern format are:
- Number of followers or members working in the business
- Activity proposed to be undertaken
- Area where such bother 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 publicize of the company. A company publish generally consists of 3 parts, First Part is the Part we choose and it must be unique in whatever respect, Second Part defines the business bother proposed to be undertaken or Place of con 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 part is the most technical process. The say must be identical in all respect and must play a part mere sympathy to any existing company or registered Trademark.
Search gift is available on MCA portal whereby the clients can check the availability of name on both mca as capably as register of Trademark.
Ministry of Corporate Affairs has as well as introduced a unique state reservation capacity whereby the promoters can present 2 broadcast and if the publish is within reach MCA shall coldness such declare which shall be available for registration for the next 20 days. Clients can with avail this capability by paying new cost for read out 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 once MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best stroke the business objection of the company.
STEP 6: FILING OF FORMS WITH MCA
Once whatever the forms are filled and signed it is after that uploaded upon the mca portal and based on the documents attached and subject to the availability of names and everything other applicable rules and laws MCA shall issue endorse of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian be in provides for basically three types of companies, depending on the number of members and proposed bother you can choose you type and prepare your documents accordingly.
1. One Person Company
This is a enormously 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 inform at the period of interest a Nominee who in the concern of death or incapacity of the zealot shall became the devotee of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be lonesome one shareholder.
Restriction upon One Person Company:
There shall be isolated one supporter in the company.
- The Authorised share capital of the company shall be less than or equal to Rs. 50 lakh
- Annual turnover of the company in a given financial year shall not at any tapering off exceed Rs. 2 crore.
In the business of non compliance 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 bill in the herald of fanatic 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 explanation and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall fall with ……..(OPC) Private Limited.
- Utility Bills shall not be older than 2 months.
2. Private Company
Best suited business format whereby a minimum of 2 members can incorporate the company by fulfilling Definite formalities. Private limited company does not have any restriction with high regard of number of members or turnover or part capital as there is subsequent to the one person company. So a person can do business in hassle release manner without distressing 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 consent of all the other shareholders.
- A private company cannot come happening with the money for 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 encouragement or utility explanation 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 bank account and Gas Passbook
- Company Name and Object.
The Name of the company ends gone 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 issue needs.
This is the most vast and versatile form of event registration whereby public in general can as well as invest their child support and take part in active increase 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 grow old in comparison to supplementary 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 statement or utility tally in the say 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 credit and Gas Passbook
- Company Name and Object.
The Name of the company ends in the same way as 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,