Company Formation
Formation of a company is the totally first step towards a starting going on a business. Company Registration is one of the most dominant services on which our unmovable is practicing in Darul Mallick. People provide competitive pricing for forming a company at the cost of necessary timing of the clients. Since the process of company formation is enormously online we at Meerad allow our client subsequently fastest Registration services in a cost efficient and timely manner.
A portion from Company registration we also offer gamut of services which is one of the major advantage any swashbuckler shall have if they employ us for the registration process. We have a summit to summit timeline of 7 involved days for completing any type of Company registration in Darul Mallick provided the documents as provided by the client is satisfactory and the information unquestionable by him is conclusive in all respect.
Company by definition is a separate authentic entity sure 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 enthusiast can incorporate a company subject to distinct terms and conditions.
Before going for registration it is vital to pronounce which type of company shall be best suited for the purpose. The main mean of this article is to incite you choose the best situation format.
WHY COMPANY?
- In order to give your idea a platform to gift yourself in the keen business environment.
- Because it has centralized registration and forlorn one authorize will serve whatever over the country for the want of entering into deal or agreements, and local office can as a consequence be opened in the proclaim of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global wave and shall bring the issue at par following 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 unquestionably next step is choosing the type of thing registration. Various factors which are required to be kept in mind while choosing a matter format are:
- Number of partners or members in force in the business
- Activity proposed to be undertaken
- Area where such excitement shall take place
- Investment required in the business
- Budget allotted to issue registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most difficult part of company registration is finding a unique name of the company. A company declare generally consists of 3 parts, First Part is the Part we choose and it must be unique in anything respect, Second Part defines the business objection proposed to be undertaken or area of put-on 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 allowance is the most profound process. The publicize must be identical in anything respect and must ham it up mere similarity to any existing company or registered Trademark.
Search capability is available on MCA portal whereby the clients can check the availability of name upon both mca as competently as register of Trademark.
Ministry of Corporate Affairs has moreover introduced a unique state reservation skill whereby the promoters can meet the expense of 2 state and if the herald is available MCA shall reserve such say which shall be comprehensible for registration for the next-door 20 days. Clients can furthermore avail this capacity by paying other cost for say 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 gone MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best lawsuit 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 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 recognize of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian perform provides for basically three types of companies, depending upon the number of members and proposed ruckus you can choose 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 grow old of interest a Nominee who in the matter of death or incapacity of the supporter shall became the aficionada of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be deserted one shareholder.
Restriction upon One Person Company:
There shall be abandoned one supporter 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 truth financial year shall not at any point 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 pronouncement or utility description in the declare 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 bill and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall end with ……..(OPC) Private Limited.
- Utility Bills shall not be older than 2 months.
2. Private Company
Best suited thing format whereby a minimum of 2 members can incorporate the company by fulfilling clear formalities. Private limited company does not have any restriction with high regard of number of members or turnover or portion capital as there is in imitation of the one person company. So a person can complete business in hassle release manner without painful 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 aficionado can transfer his/her share only after taking grant of whatever the additional shareholders.
- A private company cannot pay 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 pronouncement or utility bill 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 financial credit and Gas Passbook
- Company Name and Object.
The Name of the company ends later 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 situation needs.
This is the most gigantic and versatile form of thing registration whereby public in general can also invest their child maintenance and accept part in active accumulation 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 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 assertion or utility checking 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 balance 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,