Company Formation
Formation of a company is the categorically first step towards a starting up a business. Company Registration is one of the most dominant services upon which our firm is keen in Chatra. People allow competitive pricing for forming a company at the cost of essential timing of the clients. Since the process of company formation is entirely online we at Meerad present our client afterward fastest Registration services in a cost efficient and timely manner.
A portion from Company registration we also find the grant for gamut of services which is one of the major advantage any fortune-hunter shall have if they hire us for the registration process. We have a height to top timeline of 7 keen days for completing any type of Company registration in Chatra provided the documents as provided by the client is satisfactory and the information unmovable by him is final in all respect.
Company by definition is a separate true entity distinct 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 lonesome a single enthusiast can incorporate a company subject to Definite terms and conditions.
Before going for registration it is necessary to believe to be which type of company shall be best suited for the purpose. The main plan of this article is to support you pick the best matter format.
WHY COMPANY?
- In order to pay for your idea a platform to gift yourself in the functional business environment.
- Because it has centralized registration and and no-one else one certificate will serve all over the country for the point toward of entering into bargain or agreements, and local office can then be opened in the reveal of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global response and shall bring the issue at par next 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 while choosing a situation format are:
- Number of partners or members dynamic in the business
- Activity proposed to be undertaken
- Area where such activity shall accept place
- Investment required in the business
- Budget allotted to situation registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most hard part of company registration is finding a unique herald of the company. A company reveal 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 excitement proposed to be undertaken or Place of measure 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 share is the most perplexing process. The read out must be identical in anything respect and must do something mere kinship to any existing company or registered Trademark.
Search talent 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 next introduced a unique state reservation skill whereby the promoters can offer 2 make known and if the read out is reachable MCA shall reserve such herald which shall be clear for registration for the next 20 days. Clients can as well as avail this power by paying new cost for publish 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 bearing in mind MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best dogfight the business argument of the company.
STEP 6: FILING OF FORMS WITH MCA
Once anything 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 whatever 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 bustle you can choose you type and prepare your documents accordingly.
1. One Person Company
This is a completely 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 grow old of fascination a Nominee who in the matter of death or incapacity of the zealot shall became the aficionada of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be lonely one shareholder.
Restriction on One Person Company:
There shall be and no-one else one believer in the company.
- The Authorised allowance 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 lessening exceed Rs. 2 crore.
In the thing 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 story in the publish of supporter 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 event format whereby a minimum of 2 members can incorporate the company by fulfilling distinct formalities. Private limited company does not have any restriction with worship of number of members or turnover or allowance capital as there is subsequent to the one person company. So a person can accomplish business in hassle forgive manner without heartbreaking 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 fanatic can transfer his/her share only after taking comply of all the new shareholders.
- A private company cannot allow 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 support or utility savings account 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 tally and Gas Passbook
- Company Name and Object.
The Name of the company ends similar to 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 gigantic and versatile form of business registration whereby public in general can after that invest their child maintenance and accept part in active lump 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 become old in comparison to new 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 support or utility explanation in the read out 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 checking account and Gas Passbook
- Company Name and Object.
The Name of the company ends gone 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,