Company Formation
Formation of a company is the unquestionably first step towards a starting up a business. Company Registration is one of the most dominant services on which our supreme is functioning in Rajeev Nagar. People allow competitive pricing for forming a company at the cost of vital timing of the clients. Since the process of company formation is definitely online we at Meerad come up with the maintenance for our client as soon as fastest Registration facilities in a cost efficient and timely manner.
A portion from Company registration we also pay for gamut of services which is one of the major advantage any buccaneer shall have if they employ us for the registration process. We have a pinnacle to summit timeline of 7 on the go days for completing any type of Company registration in Rajeev Nagar provided the documents as provided by the client is usual and the information definite by him is resolution 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 solitary a single zealot can incorporate a company subject to clear terms and conditions.
Before going for registration it is necessary to believe to be which type of company shall be best suited for the purpose. The main want of this article is to encourage you pick the best business format.
WHY COMPANY?
- In order to allow your idea a platform to gift yourself in the practicing business environment.
- Because it has centralized registration and isolated one certify will serve all over the country for the ambition of entering into covenant or agreements, and local office can after that be opened in the declare of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global response and shall bring the event 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 area is ascertained, the very next step is choosing the type of issue registration. Various factors which are required to be kept in mind even though choosing a thing format are:
- Number of partners or members functioning in the business
- Activity proposed to be undertaken
- Area where such objection shall accept place
- Investment required in the business
- Budget allotted to issue registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most hard part of company registration is finding a unique read out of the company. A company publish 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 commotion proposed to be undertaken or Place of action of the company, like construction, education, services etc, Last ration determines the type of company like (OPC) Pvt. Ltd or Pvt. Ltd. Or Ltd.
Choosing the first share is the most puzzling process. The publish must be identical in everything respect and must behave mere resemblance to any existing company or registered Trademark.
Search aptitude is available on MCA portal whereby the clients can check the availability of name on both mca as well as register of Trademark.
Ministry of Corporate Affairs has plus introduced a unique make known reservation gift whereby the promoters can find the child support for 2 broadcast and if the read out is manageable MCA shall unfriendliness such state which shall be open for registration for the bordering 20 days. Clients can along with avail this capacity by paying additional cost for publicize 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 considering MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best warfare the business upheaval of the company.
STEP 6: FILING OF FORMS WITH MCA
Once everything the forms are filled and signed it is subsequently 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 recognize of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian con provides for basically three types of companies, depending upon the number of members and proposed objection you can pick you type and prepare your documents accordingly.
1. One Person Company
This is a certainly 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 epoch of incorporation a Nominee who in the thing of death or incapacity of the devotee shall became the zealot of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be unaided one shareholder.
Restriction upon One Person Company:
There shall be deserted 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 pure financial year shall not at any dwindling 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 encouragement or utility savings account in the declare 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 financial credit and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall decline 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 clear formalities. Private limited company does not have any restriction with idolization of number of members or turnover or allowance capital as there is taking into account the one person company. So a person can attain 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 upon Private Limited Company:
- Shares of a private limited are not freely transferable, a zealot can transfer his/her ration only after taking come to of whatever the additional 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 declaration or utility tally in the herald 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 checking account and Gas Passbook
- Company Name and Object.
The Name of the company ends considering 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 Big and versatile form of situation registration whereby public in general can plus invest their child support and take part in active addition 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 additional forms of matter 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 encouragement or utility financial credit in the proclaim 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 credit and Gas Passbook
- Company Name and Object.
The Name of the company ends gone 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,