Company Formation
Formation of a company is the very first step towards a starting up a business. Company Registration is one of the most dominant services on which our unconditional is in force in Katihar. People have enough money competitive pricing for forming a company at the cost of necessary timing of the clients. Since the process of company formation is unconditionally online we at Meerad manage to pay for our client in the circulate of fastest Registration facilities in a cost efficient and timely manner.
A portion from Company registration we also give 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 peak to top timeline of 7 operational days for completing any type of Company registration in Katihar provided the documents as provided by the client is gratifying and the information firm by him is definite in anything respect.
Company by definition is a separate valid entity sure 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 advocate can incorporate a company subject to positive terms and conditions.
Before going for registration it is critical to announce which type of company shall be best suited for the purpose. The main target of this article is to encourage you choose the best matter format.
WHY COMPANY?
- In order to allow your idea a platform to gift yourself in the energetic business environment.
- Because it has centralized registration and lonely one certify will serve everything over the country for the object of entering into concurrence or agreements, and local office can in addition to be opened in the publish of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global recognition and shall bring the situation at par behind 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 unconditionally next step is choosing the type of issue registration. Various factors which are required to be kept in mind even though choosing a situation format are:
- Number of associates or members practicing in the business
- Activity proposed to be undertaken
- Area where such bother shall accept place
- Investment required in the business
- Budget allotted to event registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most hard part of company registration is finding a unique post of the company. A company name 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 activity proposed to be undertaken or Place of work of the company, like construction, education, services etc, Last share determines the type of company like (OPC) Pvt. Ltd or Pvt. Ltd. Or Ltd.
Choosing the first allowance is the most profound process. The herald must be identical in all respect and must perform mere empathy to any existing company or registered Trademark.
Search power is available on MCA portal whereby the clients can check the availability of name upon both mca as well as register of Trademark.
Ministry of Corporate Affairs has in addition to introduced a unique reveal reservation skill whereby the promoters can have the funds for 2 herald and if the state is simple MCA shall coldness such publicize which shall be nearby for registration for the adjacent 20 days. Clients can next avail this aptitude by paying new cost for publish 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 when MCA for incorporating a company.
STEP 5: DRAFTING OF DOCUMENTS
Memorandum and Articles of Association of the company is drafted to best lawsuit the business ruckus of the company.
STEP 6: FILING OF FORMS WITH MCA
Once all 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 whatever other applicable rules and laws MCA shall issue authorize of Registration
WHICH COMPANY YOU SHOULD REGISTER?
Indian play provides for basically three types of companies, depending upon the number of members and proposed bustle you can pick you type and prepare your documents accordingly.
1. One Person Company
This is a agreed 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 period of fascination a Nominee who in the issue of death or incapacity of the devotee shall became the enthusiast of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be and no-one else one shareholder.
Restriction on One Person Company:
There shall be only one devotee 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 given financial year shall not at any reduction exceed Rs. 2 crore.
In the situation of non submission 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 announcement or utility report in the reveal 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 credit and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall fall with ……..(OPC) Private Limited.
- Utility Bills shall not be older than 2 months.
2. Private Company
Best suited matter format whereby a minimum of 2 members can incorporate the company by fulfilling sure formalities. Private limited company does not have any restriction with admiration of number of members or turnover or allocation capital as there is later the one person company. So a person can accomplish business in hassle release manner without unbearable 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 aficionada can transfer his/her allocation only after taking succeed to of anything the extra 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 declaration or utility checking account 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 checking account and Gas Passbook
- Company Name and Object.
The Name of the company ends like 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 thing registration whereby public in general can then invest their money and accept part in active lump 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 grow old in comparison to other 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 verification or utility report in the post 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 like 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,