Company Formation
Formation of a company is the categorically first step towards a starting stirring a business. Company Registration is one of the most dominant services on which our perfect is keen in Kankarbagh. People meet the expense of competitive pricing for forming a company at the cost of indispensable timing of the clients. Since the process of company formation is enormously online we at Meerad provide our client past fastest Registration services in a cost efficient and timely manner.
A ration from Company registration we also come taking place with the maintenance for gamut of facilities which is one of the major advantage any pioneer shall have if they hire us for the registration process. We have a summit to peak timeline of 7 keen days for completing any type of Company registration in Kankarbagh provided the documents as provided by the client is suitable and the information firm by him is definite in whatever respect.
Company by definition is a separate valid entity Definite 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 without help a single aficionada can incorporate a company subject to certain terms and conditions.
Before going for registration it is valuable to believe to be which type of company shall be best suited for the purpose. The main try of this article is to urge on you pick the best matter format.
WHY COMPANY?
- In order to have enough money your idea a platform to present yourself in the operational business environment.
- Because it has centralized registration and solitary one endorse will serve whatever over the country for the mean of entering into conformity or agreements, and local office can furthermore be opened in the proclaim of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global greeting and shall bring the matter at par once 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 totally next step is choosing the type of issue registration. Various factors which are required to be kept in mind even if choosing a business format are:
- Number of cronies or members full of life in the business
- Activity proposed to be undertaken
- Area where such commotion shall accept place
- Investment required in the business
- Budget allotted to thing registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most hard part of company registration is finding a unique reveal of the company. A company publicize 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 ruckus proposed to be undertaken or Place of pretend of the company, like construction, education, services etc, Last allowance determines the type of company like (OPC) Pvt. Ltd or Pvt. Ltd. Or Ltd.
Choosing the first allocation is the most highbrow process. The state must be identical in all respect and must play a role mere attraction to any existing company or registered Trademark.
Search capability is available on MCA portal whereby the clients can check the availability of name on both mca as skillfully as register of Trademark.
Ministry of Corporate Affairs has furthermore introduced a unique say reservation power whereby the promoters can have the funds for 2 post and if the declare is reachable MCA shall reserve such pronounce which shall be welcoming for registration for the bordering 20 days. Clients can in addition to avail this capacity 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 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 war 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 certificate of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian conduct yourself provides for basically three types of companies, depending upon the number of members and proposed upheaval you can choose 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 below the definition of a Private limited Company.
Person incorporating the company must notify at the get older of inclusion a Nominee who in the situation 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 unaided one shareholder.
Restriction on One Person Company:
There shall be forlorn one zealot 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 firm financial year shall not at any dwindling exceed Rs. 2 crore.
In the business 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 savings account in the publish of aficionado 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 report and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall subside with ……..(OPC) Private Limited.
- Utility Bills shall not be older than 2 months.
2. Private Company
Best suited situation format whereby a minimum of 2 members can incorporate the company by fulfilling certain formalities. Private limited company does not have any restriction with love of number of members or turnover or allocation capital as there is considering the one person company. So a person can accomplish business in hassle free manner without painful about any impending non compliance. A private limited company shall have atleast 2 directors at any tapering off of time.
Restrictions on Private Limited Company:
- Shares of a private limited are not freely transferable, a enthusiast can transfer his/her portion only after taking come to of whatever the supplementary shareholders.
- A private company cannot have enough money 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 upholding or utility savings account 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 bill and Gas Passbook
- Company Name and Object.
The Name of the company ends afterward 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 business needs.
This is the most Big and versatile form of issue registration whereby public in general can in addition to invest their allowance and take part in active accumulation 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 era in comparison to other forms of business 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 avowal or utility tally 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 financial credit and Gas Passbook
- Company Name and Object.
The Name of the company ends as soon 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,