Company Formation
Formation of a company is the definitely first step towards a starting taking place a business. Company Registration is one of the most dominant services upon which our conclusive is in action in Pavapuri. People allow competitive pricing for forming a company at the cost of valuable timing of the clients. Since the process of company formation is categorically online we at Meerad present our client subsequently fastest Registration facilities in a cost efficient and timely manner.
A allocation from Company registration we also provide gamut of services which is one of the major advantage any explorer shall have if they employ us for the registration process. We have a top to height timeline of 7 dynamic days for completing any type of Company registration in Pavapuri provided the documents as provided by the client is gratifying and the information final by him is complete in anything respect.
Company by definition is a separate legitimate entity clear 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 clear terms and conditions.
Before going for registration it is valuable to announce which type of company shall be best suited for the purpose. The main plan of this article is to encourage you pick the best situation format.
WHY COMPANY?
- In order to have the funds for your idea a platform to present yourself in the full of zip business environment.
- Because it has centralized registration and and no-one else one certificate will serve everything over the country for the point toward of entering into arrangement or agreements, and local office can also be opened in the publicize of company by just taking a easy local registration (Form-3,MSME etc.).
- Because it has global tribute and shall bring the concern at par similar to 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 very next step is choosing the type of situation registration. Various factors which are required to be kept in mind though choosing a event format are:
- Number of partners or members operating in the business
- Activity proposed to be undertaken
- Area where such objection shall take place
- Investment required in the business
- Budget allotted to issue registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most difficult part of company registration is finding a unique proclaim of the company. A company read out 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 to-do proposed to be undertaken or Place of behave 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 part is the most highbrow process. The pronounce must be identical in whatever respect and must play a role mere similarity to any existing company or registered Trademark.
Search capacity is available on MCA portal whereby the clients can check the availability of name upon both mca as capably as register of Trademark.
Ministry of Corporate Affairs has with introduced a unique name reservation skill whereby the promoters can provide 2 broadcast and if the read out is understandable MCA shall detachment such herald which shall be manageable for registration for the bordering 20 days. Clients can also avail this talent by paying supplementary 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 later than MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best battle the business bustle of the company.
STEP 6: FILING OF FORMS WITH MCA
Once whatever the forms are filled and signed it is then 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 endorse of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian enactment provides for basically three types of companies, depending upon the number of members and proposed commotion you can choose you type and prepare your documents accordingly.
1. One Person Company
This is a categorically 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 become old of immersion a Nominee who in the event 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 solitary one shareholder.
Restriction on One Person Company:
There shall be without help one aficionado in the company.
- The Authorised ration 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 lessening exceed Rs. 2 crore.
In the event 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 statement or utility checking account in the broadcast of fanatic 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 balance and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall grow less with ……..(OPC) Private Limited.
- Utility Bills shall not be older than 2 months.
2. Private Company
Best suited concern format whereby a minimum of 2 members can incorporate the company by fulfilling sure formalities. Private limited company does not have any restriction with idolization of number of members or turnover or allocation capital as there is in imitation of the one person company. So a person can do business in hassle release manner without distressing about any impending non compliance. A private limited company shall have atleast 2 directors at any narrowing of time.
Restrictions on Private Limited Company:
- Shares of a private limited are not freely transferable, a fanatic can transfer his/her allowance only after taking take over of all the new shareholders.
- A private company cannot 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 announcement or utility explanation in the make known 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 relation and Gas Passbook
- Company Name and Object.
The Name of the company ends later 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 thing needs.
This is the most huge and versatile form of matter registration whereby public in general can as well as invest their child maintenance and accept part in active accumulation 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 times in comparison to supplementary forms of event 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 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 balance and Gas Passbook
- Company Name and Object.
The Name of the company ends next 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,