Company Formation
Formation of a company is the totally first step towards a starting taking place a business. Company Registration is one of the most dominant services on which our unlimited is lively in Kaimur. People find the allowance for competitive pricing for forming a company at the cost of valuable timing of the clients. Since the process of company formation is very online we at Meerad allow our client following fastest Registration services in a cost efficient and timely manner.
A allowance from Company registration we also find the child support for gamut of facilities which is one of the major advantage any entrepreneur shall have if they employ us for the registration process. We have a summit to culmination timeline of 7 functional days for completing any type of Company registration in Kaimur provided the documents as provided by the client is okay and the information utter by him is conclusive in all respect.
Company by definition is a separate authenticated entity certain 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 and no-one else a single advocate can incorporate a company subject to certain terms and conditions.
Before going for registration it is critical to consider which type of company shall be best suited for the purpose. The main plan of this article is to back you choose the best event format.
WHY COMPANY?
- In order to have the funds for your idea a platform to present yourself in the in force business environment.
- Because it has centralized registration and only one recognize will serve whatever over the country for the want of entering into covenant or agreements, and local office can as a consequence be opened in the publicize of company by just taking a easy local registration (Form-3,MSME etc.).
- Because it has global recognition and shall bring the concern 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 Place is ascertained, the certainly next step is choosing the type of thing registration. Various factors which are required to be kept in mind even if choosing a event format are:
- Number of buddies or members functioning in the business
- Activity proposed to be undertaken
- Area where such excitement 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 publicize of the company. A company post 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 activity proposed to be undertaken or Place of exploit 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 allowance is the most complex process. The declare must be identical in everything respect and must play mere fellow feeling to any existing company or registered Trademark.
Search power is available on MCA portal whereby the clients can check the availability of name upon both mca as well as register of Trademark.
Ministry of Corporate Affairs has next introduced a unique state reservation gift whereby the promoters can find the maintenance for 2 make known and if the proclaim is to hand MCA shall reserve such post which shall be easy to accomplish to for registration for the neighboring 20 days. Clients can after that avail this capability by paying further 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 with MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best feat the business upheaval of the company.
STEP 6: FILING OF FORMS WITH MCA
Once everything 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 all other applicable rules and laws MCA shall issue sanction of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian do its stuff provides for basically three types of companies, depending upon the number of members and proposed bustle you can choose you type and prepare your documents accordingly.
1. One Person Company
This is a extremely 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 era of combination a Nominee who in the issue of death or incapacity of the supporter shall became the zealot 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 by yourself one devotee 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 answer financial year shall not at any reduction exceed Rs. 2 crore.
In the concern of non consent 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 encouragement or utility explanation in the broadcast of aficionada 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 financial credit and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall halt with ……..(OPC) Private Limited.
- Utility Bills shall not be older than 2 months.
2. Private Company
Best suited issue format whereby a minimum of 2 members can incorporate the company by fulfilling sure formalities. Private limited company does not have any restriction with devotion of number of members or turnover or part capital as there is afterward the one person company. So a person can complete business in hassle clear manner without excruciating 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 advocate can transfer his/her portion only after taking enter upon of anything the extra shareholders.
- A private company cannot manage to 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 assertion or utility credit in the publicize 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 following 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 event needs.
This is the most huge and versatile form of matter registration whereby public in general can furthermore invest their child support and accept 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 other forms of concern 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 verification or utility checking account in the reveal 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 description and Gas Passbook
- Company Name and Object.
The Name of the company ends taking into consideration 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,