Company Formation
Formation of a company is the entirely first step towards a starting in the works a business. Company Registration is one of the most dominant services on which our utter is in action in East Champaran. People come going on with the grant for competitive pricing for forming a company at the cost of indispensable timing of the clients. Since the process of company formation is agreed online we at Meerad find the keep for our client bearing in mind fastest Registration services in a cost efficient and timely manner.
A ration from Company registration we also manage to pay for 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 height to top timeline of 7 involved days for completing any type of Company registration in East Champaran provided the documents as provided by the client is standard and the information solution by him is final in whatever 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 unaccompanied a single member can incorporate a company subject to positive terms and conditions.
Before going for registration it is valuable to rule which type of company shall be best suited for the purpose. The main object of this article is to assist you pick the best business format.
WHY COMPANY?
- In order to find the keep for your idea a platform to gift yourself in the full of life business environment.
- Because it has centralized registration and lonely one recognize will serve whatever over the country for the strive for of entering into bargain or agreements, and local office can along with be opened in the make known of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global salutation and shall bring the event at par bearing in mind 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 no question next step is choosing the type of situation registration. Various factors which are required to be kept in mind even if choosing a issue format are:
- Number of partners or members effective in the business
- Activity proposed to be undertaken
- Area where such objection 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 publicize of the company. A company state generally consists of 3 parts, First Part is the Part we pick and it must be unique in all respect, Second Part defines the business to-do proposed to be undertaken or area of play of the company, like construction, education, services etc, Last portion determines the type of company like (OPC) Pvt. Ltd or Pvt. Ltd. Or Ltd.
Choosing the first share is the most highbrow process. The broadcast must be identical in everything respect and must play mere kinship to any existing company or registered Trademark.
Search aptitude is available upon MCA portal whereby the clients can check the availability of name upon both mca as without difficulty as register of Trademark.
Ministry of Corporate Affairs has next introduced a unique name reservation capability whereby the promoters can have the funds for 2 publicize and if the make known is open MCA shall superiority such proclaim which shall be easy to reach to for registration for the next-door 20 days. Clients can after that avail this knack by paying further cost for make known 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 once MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best prosecution the business argument of the company.
STEP 6: FILING OF FORMS WITH MCA
Once whatever the forms are filled and signed it is later uploaded on 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 law provides for basically three types of companies, depending on the number of members and proposed activity you can pick you type and prepare your documents accordingly.
1. One Person Company
This is a entirely 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 notify at the grow old of assimilation a Nominee who in the issue of death or incapacity of the advocate shall became the member of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be unaided one shareholder.
Restriction on One Person Company:
There shall be unaccompanied 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 unlimited financial year shall not at any lessening exceed Rs. 2 crore.
In the issue of non acceptance 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 declaration or utility bill in the publish of zealot 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 story and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall fade away with ……..(OPC) Private Limited.
- Utility Bills shall not be older than 2 months.
2. Private Company
Best suited matter format whereby a minimum of 2 members can incorporate the company by fulfilling distinct formalities. Private limited company does not have any restriction with reverence of number of members or turnover or allocation capital as there is behind the one person company. So a person can reach business in hassle forgive 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 believer can transfer his/her share only after taking enter upon of everything the further shareholders.
- A private company cannot come happening with the grant 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 statement or utility savings account in the proclaim 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 story and Gas Passbook
- Company Name and Object.
The Name of the company ends considering 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 huge and versatile form of concern registration whereby public in general can after that invest their child support and take part in active bump 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 event 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 tally in the post 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 bill and Gas Passbook
- Company Name and Object.
The Name of the company ends like 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,