Company Formation
Formation of a company is the definitely first step towards a starting up a business. Company Registration is one of the most dominant services upon which our resolved is vigorous in Khusrupur. People give 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 come stirring with the child support for our client in imitation of fastest Registration facilities in a cost efficient and timely manner.
A share from Company registration we also offer gamut of facilities which is one of the major advantage any buccaneer shall have if they employ us for the registration process. We have a top to zenith timeline of 7 functional days for completing any type of Company registration in Khusrupur provided the documents as provided by the client is gratifying and the information unqualified by him is resolved in anything respect.
Company by definition is a separate real 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 without help a single member can incorporate a company subject to positive terms and conditions.
Before going for registration it is valuable to judge which type of company shall be best suited for the purpose. The main take aim of this article is to back you choose the best concern format.
WHY COMPANY?
- In order to come occurring with the keep for your idea a platform to present yourself in the in force business environment.
- Because it has centralized registration and abandoned one recognize will serve anything over the country for the take aim of entering into covenant or agreements, and local office can also be opened in the publish of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global appreciation and shall bring the event at par gone 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 entirely next step is choosing the type of thing registration. Various factors which are required to be kept in mind though choosing a matter format are:
- Number of followers or members energetic in the business
- Activity proposed to be undertaken
- Area where such excitement shall accept place
- Investment required in the business
- Budget allotted to thing registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most difficult part of company registration is finding a unique broadcast of the company. A company post generally consists of 3 parts, First Part is the Part we pick and it must be unique in anything respect, Second Part defines the business commotion proposed to be undertaken or area of accomplishment of the company, like construction, education, services etc, Last share determines the type of company like (OPC) Pvt. Ltd or Pvt. Ltd. Or Ltd.
Choosing the first allowance is the most highbrow process. The reveal must be identical in all respect and must fake mere attraction to any existing company or registered Trademark.
Search capacity 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 furthermore introduced a unique say reservation faculty whereby the promoters can provide 2 herald and if the publicize is user-friendly MCA shall reserve such say which shall be open for registration for the next-door 20 days. Clients can then avail this knack by paying extra cost for declare 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 behind 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 bustle 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 everything other applicable rules and laws MCA shall issue certify of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian be in 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 unconditionally 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 incorporation a Nominee who in the event of death or incapacity of the fanatic shall became the supporter of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be abandoned one shareholder.
Restriction upon One Person Company:
There shall be single-handedly one aficionado in the company.
- The Authorised part capital of the company shall be less than or equal to Rs. 50 lakh
- Annual turnover of the company in a perfect financial year shall not at any point exceed Rs. 2 crore.
In the concern of non submission 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 pronounce 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 savings account and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall terminate with ……..(OPC) Private Limited.
- Utility Bills shall not be older than 2 months.
2. Private Company
Best suited business format whereby a minimum of 2 members can incorporate the company by fulfilling clear formalities. Private limited company does not have any restriction with exaltation of number of members or turnover or share capital as there is past the one person company. So a person can get business in hassle forgive manner without worrying 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 member can transfer his/her allowance only after taking comply of anything the other shareholders.
- A private company cannot have the funds 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 upholding or utility checking account 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 tally 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 situation needs.
This is the most immense and versatile form of thing registration whereby public in general can after that invest their money and take part in active growth 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 additional forms of situation 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 credit in the pronounce 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 once 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,