We provide Company Registration services in Ranchi Jharkhand. Formation of a company is the very first step towards a starting up a business.
Company Registration
Company Registration is one of the most dominant services on which our firm is working in Ranchi. People offer competitive pricing for forming a company at the cost of valuable timing of the clients. Since the process of company formation is totally online we at Meerad provide our client with fastest Registration services in a cost efficient and timely manner.
A part from Company registration we also offer gamut of services which is one of the major advantage any entrepreneur shall have if they hire us for the registration process. We have a peak to peak timeline of 7 working days for completing any type of Company registration in Ranchi provided the documents as provided by the client is adequate and the information given by him is complete in all respect.
Company by definition is a separate legal entity distinct 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 only a single member can incorporate a company subject to certain terms and conditions.
Before going for registration it is necessary to decide which type of company shall be best suited for the purpose. The main purpose of this article is to help you choose the best business format.
WHY COMPANY?
- In order to give your idea a platform to present yourself in the dynamic business environment.
- Because it has centralized registration and only one certificate will serve all over the country for the purpose of entering into contract or agreements, and local office can also be opened in the name of company by just taking a simple local registration (Form-3,MSME etc.).
- Because it has global recognition and shall bring the business at par with global stakeholders and competitors.
WHICH COMPANY YOU SHOULD REGISTER?
Indian enactment provides for basically three types of companies, depending upon the number of members and proposed activity you can choose 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 notify at the time of incorporation a Nominee who in the event of death or incapacity of the member shall became the member of the company.
One Person Company can have a maximum of upto 15 directors, but the shall be only one shareholder.
Restriction on One Person Company:
There shall be only one member in the company.
- The Authorised share 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 point exceed Rs. 2 crore.
In the event 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 statement or utility bill in the name 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 bill and Gas Passbook
- Company Name and Object.
NOTE:
- Name of the One Person company shall end 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 respect of number of members or turnover or share capital as there is with the one person company. So a person can do business in hassle free 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 member can transfer his/her share only after taking consent of all the other shareholders.
- A private company cannot offer 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 bill 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 bill and Gas Passbook
- Company Name and Object.
The Name of the company ends with 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 vast and versatile form of business registration whereby public in general can also invest their money and take 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 time 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 statement or utility bill 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 bill and Gas Passbook
- Company Name and Object.
The Name of the company ends with the word LIMITED
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 business registration. Various factors which are required to be kept in mind while choosing a business format are:
- Number of partners or members involved in the business
- Activity proposed to be undertaken
- Area where such activity shall take place
- Investment required in the business
- Budget allotted to business registration
STEP 2: GIVING A NAME TO THE BUSINESS
The most difficult part of company registration is finding a unique name of the company. A company name generally consists of 3 parts, First Part is the Part we choose and it must be unique in all respect, Second Part defines the business activity proposed to be undertaken or area of work of the company, like construction, education, services etc, Last part determines the type of company like (OPC) Pvt. Ltd or Pvt. Ltd. Or Ltd.
Choosing the first part is the most complex process. The name must be identical in all respect and must be in mere resemblance to any existing company or registered Trademark.
Search facility 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 also introduced a unique name reservation facility whereby the promoters can provide 2 name and if the name is available MCA shall reserve such name which shall be available for registration for the next 20 days. Clients can also avail this facility by paying extra cost for name 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 suit the business activity of the company.
STEP 6: FILING OF FORMS WITH MCA
Once all the forms are filled and signed it is then uploaded on the mca portal and based on the documents attached and subject to the availability of names and all other applicable rules and laws MCA shall issue certificate of Registration
Contact us at
+91-85400-85000,
+91-85400-78000,
+91-85400-99000 (Calls and Whatapps both)
Email us at: info@meerad.in,
