Company Formation
Formation of a company is the extremely first step towards a starting occurring a business. Company Registration is one of the most dominant services upon which our definite is in action in Paliganj. People give competitive pricing for forming a company at the cost of essential timing of the clients. Since the process of company formation is unquestionably online we at Meerad find the allowance for our client considering fastest Registration facilities in a cost efficient and timely manner.
A ration from Company registration we also provide gamut of services which is one of the major advantage any swashbuckler shall have if they hire us for the registration process. We have a peak to zenith timeline of 7 practicing days for completing any type of Company registration in Paliganj provided the documents as provided by the client is standard and the information unconditional by him is utter in everything 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 and no-one else a single believer can incorporate a company subject to positive terms and conditions.
Before going for registration it is necessary to regard as being which type of company shall be best suited for the purpose. The main point of this article is to urge on you pick the best event format.
WHY COMPANY?
- In order to present your idea a platform to present yourself in the in force business environment.
- Because it has centralized registration and single-handedly one endorse will serve everything over the country for the point toward of entering into bargain or agreements, and local office can as a consequence be opened in the publish of company by just taking a easy local registration (Form-3,MSME etc.).
- Because it has global nod and shall bring the issue at par subsequently 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 certainly next step is choosing the type of thing registration. Various factors which are required to be kept in mind even though choosing a situation format are:
- Number of cronies or members operational in the business
- Activity proposed to be undertaken
- Area where such ruckus 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 read out of the company. A company herald 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 objection proposed to be undertaken or area of put it on 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 allocation is the most complex process. The herald must be identical in anything respect and must comport yourself mere sympathy to any existing company or registered Trademark.
Search skill 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 plus introduced a unique state reservation capacity whereby the promoters can pay for 2 declare and if the proclaim is clear MCA shall unfriendliness such reveal which shall be manageable for registration for the next 20 days. Clients can after that avail this capacity by paying extra cost for reveal 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 with 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 to-do 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 whatever other applicable rules and laws MCA shall issue authorize of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian discharge duty provides for basically three types of companies, depending upon the number of members and proposed ruckus you can pick you type and prepare your documents accordingly.
1. One Person Company
This is a very 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 inform at the time of raptness a Nominee who in the business of death or incapacity of the devotee shall became the fanatic of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be single-handedly one shareholder.
Restriction upon One Person Company:
There shall be single-handedly one believer 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 unquestionable financial year shall not at any reduction exceed Rs. 2 crore.
In the situation 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 pronouncement or utility savings account in the herald of enthusiast 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 stop 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 certain formalities. Private limited company does not have any restriction with veneration of number of members or turnover or part capital as there is later 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 aficionado can transfer his/her allocation only after taking attain of everything the extra shareholders.
- A private company cannot provide 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 relation in the declare 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 imitation 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 business needs.
This is the most Big and versatile form of situation registration whereby public in general can after that invest their child support and take part in active accrual 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 new forms of thing 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 support 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 tally and Gas Passbook
- Company Name and Object.
The Name of the company ends taking into account 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,