The company registration procedure is given below:
1. Select in order of choices, as some eligible company names each of which would present as the important object of the suggested company.
2. Avoid names which are related to the names or resemble too closely of any other company already registered.
3. Follow the guidelines issued by the central government for availability or otherwise of certain names.
4. See that the name chosen does not violate the provisions of Emblems and Names (Prevention of Improper Use) Act 1950.
5. Assign to the (ROC) Registrar of Companies to see which of the names selected by you is available. The Form No.1A application is mandated to consider by the companies (Central Government) General Rules. Each application is payable with a fee of Rs.500/-.
The fee can be paid in cash or by means of a postal drawn in favor of the Registrar of Companies, (Rules4A). A specimen power of Attorney is given in Annexure 2.5.
6.The Registrar will ordinarily inform within a period of 7 days of your application. If the name is not available, you will have to selecting a new company names to apply.
7. Let the Articles of Association and Memorandum appropriately drafted. (Section 13 to 15 and 26 to 30).
7A. Ensure that the licensed share capital of the declared public limited company at least is or more than Rs.5 lakhs or such higher amount as may be prescribed to be the minimum paid up share capital for a public limited company.
8.If the shares of the proposed company are enlisted with a recognized stock exchange then give the draft of the suggested memorandum.
9. Before in the end printing the Articles and memorandum , get them vetted by the Registrar of Companies.
10. The Articles of Association and Memorandum are stamped as per the Indian Stamp Act which the Company is Registration.
11. The both Articles of Association and Memorandum signed by at least 7 subscribers, each of whom will also write in his own hand his name, address, his father’s name, occupation and the number of shares subscribed for.
At least one witness to these signatures, who will write in his own hand and sign his father’s name, address and occupation. (Section 12, 15 and 30). Both of these documents are signed on behalf of the subscribers.
An illiterate subscriber should mark or give his thumb impression is described by the person writing for him.
12. Both documents will be dated.
13. Let the following forms properly signed and filled up .
14.Get also the following Forms duly filled up and signed :
Forms stated in sub-items
(ii) and
(iii) though needed to be filed within 30 days of the company registration.
15. Register the following with the Registrar with must registration and filing fees.
16.The Registrar will then see the documents and papers filed for company registration.
17.The Registrar will then register the company and issue the certificate of company registration.
18.The date given by the Registrar on the certificate of company registration will be the date of company registration and on that date. The company is become an separate legal entity.
The procedure for private limited company registration is the same as that for a public limited company with the following exceptions:
The provisions of Section 3 (1) of the companies act should, however, be carefully noted while drawing up to the Memorandum and Articles of Association of a private limited company.
The company registration procedure of a company limited by guarantee is the same as that for a public limited company or a private limited company. The case may be, as described earlier. In the memorandum of association of such a company.
However, a clause stating the amount of guarantee shall have to be added in addition to the other necessary clauses.
The producer in case of a producer company is the same as that of a private limited company except the following:
The provisions of section 581A, 581B, 581C, 581F, 581G and 581L inter alia should be adhered to while incorporating a producer company. The company registration offices are located in Chennai, Bangalore, Kochi, etc..,
In the Goods and Services Tax (GST) framework, the primary principle is that the supplier…
The Goods and Services Tax (GST) regime in India has brought various concepts to standardize…
Definition of Supply: Under GST, the law widely defines 'supply' to include all types of…
The Hindu Undivided Family (HUF) structure provides a distinct advantage for Hindu families in India…
A continuous flow of money is very important for any MSME to keep its operations…
Starting a business is a dream for many, but transforming that dream into a reality…