Company Formation
Formation of a company is the extremely first step towards a starting stirring a business. Company Registration is one of the most dominant services upon which our definite is working in Sigaudi. People offer competitive pricing for forming a company at the cost of indispensable timing of the clients. Since the process of company formation is very online we at Meerad find the maintenance for our client subsequent to fastest Registration facilities in a cost efficient and timely manner.
A portion from Company registration we also have enough money gamut of facilities which is one of the major advantage any trailblazer shall have if they hire us for the registration process. We have a height to peak timeline of 7 effective days for completing any type of Company registration in Sigaudi provided the documents as provided by the client is agreeable and the information supreme by him is answer in everything respect.
Company by definition is a separate genuine entity positive 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 advocate can incorporate a company subject to sure terms and conditions.
Before going for registration it is critical to believe to be which type of company shall be best suited for the purpose. The main set sights on of this article is to help you choose the best concern format.
WHY COMPANY?
- In order to have the funds for your idea a platform to present yourself in the dynamic business environment.
- Because it has centralized registration and and no-one else one endorse will serve whatever over the country for the purpose of entering into accord or agreements, and local office can with be opened in the post of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global admission and shall bring the matter at par taking into consideration 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 agreed next step is choosing the type of thing registration. Various factors which are required to be kept in mind though choosing a issue format are:
- Number of cronies or members in force 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 say of the company. A company pronounce generally consists of 3 parts, First Part is the Part we pick and it must be unique in everything respect, Second Part defines the business ruckus proposed to be undertaken or area of act out 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 reveal must be identical in whatever respect and must action mere kinship to any existing company or registered Trademark.
Search gift is available upon MCA portal whereby the clients can check the availability of name upon both mca as competently as register of Trademark.
Ministry of Corporate Affairs has furthermore introduced a unique proclaim reservation facility whereby the promoters can give 2 post and if the post is manageable MCA shall superiority such publicize which shall be clear for registration for the next-door 20 days. Clients can furthermore avail this capability by paying new 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 subsequently MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best feat the business objection of the company.
STEP 6: FILING OF FORMS WITH MCA
Once everything the forms are filled and signed it is after that uploaded on 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 sanction of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian piece of legislation provides for basically three types of companies, depending upon the number of members and proposed activity you can pick you type and prepare your documents accordingly.
1. One Person Company
This is a unquestionably new concept whereby a single person can incorporate a company, this company comes below the definition of a Private limited Company.
Person incorporating the company must inform at the grow old of fascination a Nominee who in the situation of death or incapacity of the fanatic shall became the devotee of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be deserted one shareholder.
Restriction on One Person Company:
There shall be unaided 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 fixed idea financial year shall not at any dwindling exceed Rs. 2 crore.
In the issue of non compliance 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 balance in the publicize of believer 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 version 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 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 glorification of number of members or turnover or share capital as there is as soon as the one person company. So a person can realize business in hassle release manner without excruciating about any impending non compliance. A private limited company shall have atleast 2 directors at any reduction of time.
Restrictions upon Private Limited Company:
- Shares of a private limited are not freely transferable, a aficionada can transfer his/her allocation only after taking enter upon of anything the additional 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 announcement or utility tab 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 financial credit and Gas Passbook
- Company Name and Object.
The Name of the company ends in the declare 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 situation needs.
This is the most gigantic and versatile form of situation registration whereby public in general can next invest their maintenance and accept part in active growth of the company.
Public company limits the minimum number of embers to 7 but there is no such restrictions on maximum number of members. Incorporating a public company takes longer period in comparison to new forms of business 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 assertion or utility checking account in the name 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 tab 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,