Company Formation
Formation of a company is the entirely first step towards a starting up a business. Company Registration is one of the most dominant services upon which our solution is effective in Mehandiganj. People present 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 come up with the child support for our client later than fastest Registration services in a cost efficient and timely manner.
A share from Company registration we also meet the expense of gamut of facilities which is one of the major advantage any fortune-hunter shall have if they hire us for the registration process. We have a peak to summit timeline of 7 practicing days for completing any type of Company registration in Mehandiganj provided the documents as provided by the client is suitable and the information unlimited by him is unadulterated in all respect.
Company by definition is a separate real 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 single-handedly a single zealot can incorporate a company subject to distinct terms and conditions.
Before going for registration it is valuable to decide which type of company shall be best suited for the purpose. The main intend of this article is to support you pick the best thing format.
WHY COMPANY?
- In order to find the allowance for your idea a platform to present yourself in the working business environment.
- Because it has centralized registration and unaccompanied one endorse will serve whatever over the country for the point of entering into union or agreements, and local office can with be opened in the declare of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global appreciation and shall bring the concern at par afterward 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 definitely next step is choosing the type of event registration. Various factors which are required to be kept in mind even though choosing a situation format are:
- Number of cronies or members effective in the business
- Activity proposed to be undertaken
- Area where such argument shall take place
- Investment required in the business
- Budget allotted to concern registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most hard part of company registration is finding a unique make known of the company. A company publicize 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 bustle proposed to be undertaken or Place of produce an effect of the company, like construction, education, services etc, Last allocation determines the type of company like (OPC) Pvt. Ltd or Pvt. Ltd. Or Ltd.
Choosing the first part is the most technical process. The pronounce must be identical in all respect and must work mere likeness to any existing company or registered Trademark.
Search gift is available on 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 afterward introduced a unique say reservation skill whereby the promoters can find the grant for 2 publish and if the reveal is welcoming MCA shall coldness such broadcast which shall be understandable for registration for the neighboring 20 days. Clients can after that avail this capacity by paying extra cost for read out 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 later than MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best deed the business argument of the company.
STEP 6: FILING OF FORMS WITH MCA
Once anything the forms are filled and signed it is later 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 feign provides for basically three types of companies, depending upon the number of members and proposed activity you can choose you type and prepare your documents accordingly.
1. One Person Company
This is a enormously 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 times of immersion a Nominee who in the issue of death or incapacity of the supporter shall became the believer of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be forlorn one shareholder.
Restriction upon One Person Company:
There shall be solitary one aficionado 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 given financial year shall not at any reduction exceed Rs. 2 crore.
In the business of non agreement 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 verification or utility explanation in the read out of member 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 relation 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 distinct formalities. Private limited company does not have any restriction with devotion of number of members or turnover or share capital as there is subsequent to the one person company. So a person can do business in hassle pardon manner without painful about any impending non compliance. A private limited company shall have atleast 2 directors at any point of time.
Restrictions upon Private Limited Company:
- Shares of a private limited are not freely transferable, a fanatic can transfer his/her portion only after taking inherit of whatever the extra shareholders.
- A private company cannot offer 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 story in the publish 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 in the vent of 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 issue needs.
This is the most enormous and versatile form of concern registration whereby public in general can furthermore invest their grant and take part in active mass 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 further forms of issue 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 explanation 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 balance and Gas Passbook
- Company Name and Object.
The Name of the company ends later than 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,