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2. Forming a Company in India
The Companies Act of 1956 sets down rules for the establishment of both public and
private companies. The most commonly used corporate form is the limited company,
unlimited companies being relatively uncommon.
A company is formed by registering the Memorandum and Articles of Association
with the State Registrar of Companies of the state, where the location of the main
office is concerned.
Running a high profile business is the most sought after dream of almost every
second person in this world.
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3. Forming a Company in India
We understand and appreciate that setting up of a
Company is a lifetime decision of an entrepreneur
and requires in-depth strategic, business and legal
considerations.
Each and every single individual wants to run a
business, in which he can be the sole dictator of his
works Schedules and pressures.
Our dedicated team assists you in company
registration services, incorporating your business in a
simple and economical way.
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4. Steps for Company Formation
Step 1:
Obtaining Director Identification Number (DIN) -
Completed on Day 1.
Step 2:
Obtaining Digital Signature for one of the Directors of
the Proposed Company -Completed on Day 1.
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5. Steps for Company Formation
Step 3:
Application for Name Availability and Obtaining the
Name of the Proposed Company - Completed on Day 4
Step 4:
Drafting, Stamping of Memorandum of Association
and Articles of Association for the Company and filing
with Registrar of Companies - Completed on Day 7.
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7. Procedure for Registration of the
Company
1) Acquire Director Identification Number (DIN) by filling Form DIN-1.
2) Acquire Digital Signature Certificate. This certificate can be acquired from any one
of the six private bureaus sanctioned by MCA 21.
3) To attain name of the Company, Form No. 1A should be filled citing the address of
the Registered Office of the projected firm along with the signature of one of the
promoters.
4) The documents should be signed by the firm’s promoters after the MOA and AOA
have been stamped.
5) Attain the Certificate of Incorporation from the Registrar of Companies, Ministry of
Corporate Affairs.
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8. Procedure for Registration of the
Company
6) Make a seal (applicable for the Private Limited Companies). Making a company seal
is not a legal obligation for the firm to be integrated, but firms require a seal to deliver
share certificates and other certificates.
7) Attain a Permanent Account Number (PAN) from National Securities Depository
Ltd. (NSDL) or the Unit Trust of India (UTI) Investors Services Ltd.
8) Enroll with the Office of Inspector, Shops and Establishment Act (State/Municipal)
9) Register the company for Value-Added Tax (VAT) at the Commercial Tax Office
(State).
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9. Procedure for Registration of the
Company
Registration of VAT requires filling up of a prescribed Form along with the following
documents:
• Memorandum of Association;
• Articles of Association;
• A declaration in Form 1 by a person named in the articles of the proposed company
• As a director, manager, or secretary of the enterprise.
• Form 32 for an appointment of Directors with their consent letters.
• Form 18 provides information about the registered office.
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10. Conclusion
Handling the correct requirements of companies under right administration enhances the
upliftment of the company’s progress. Company’s formation should provide the best
comprehensive array of professional services in both public and private sectors.
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