Procedures in Registration of A Company

Procedures in Registration of a Company Applicable law The Indian Companies Act, 1956 The Companies Act of 1956 sets
down rules for the establishment of both public and private companies. Allotment of Director Identification Number (DIN) Application in Form DIN-1 shall be made online and provisional DIN number of the person intending to become director of the Company shall be generated. Acquiring Digital Signature certificate (DSC) Digital Signature Certificate is acquired by submitting the application alongwith prescribed fee to one of the various vendors like TCS, Satyam etc. On submission of documents, DSC is allotted in 1-2 days. Name Approval of the company An application in Form No. 1A needs to be filed with the Registrar of Companies (ROC) online through Digital Signature of one of the proposed director. On submitting the application, the ROC scrutinizes the same and sends the approval / objections in about 3-4 days to the applicant through e-mail. Procedure after name approval of the company An application for registration should be submitted to the Registrar of Companies 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 company, or by an advocate of the Supreme Court or High Court, or by an attorney entitled to appear before the High Court, or by a Chartered Accountant practicing in India stating that all the requirements of the Companies Act 1956 and the applicable rules with respect to the registration and other matters have been complied with; A list of persons who have consented to act as directors of the company. Consent of every person prepared to act as a director. Information about directors, managing directors, managers and secretary must be submitted in a prescribed Form 32 Information about the registered office in prescribed Form 18 Power of attorney in favour of one of the promoters or any other person, authorizing him/her to make corrections in the documents submitted to the Registrar of Companies, Applicable registration fee payable to the Registrar of Companies.
Check List of Information Required
1. Details of proposed company to be incorporated Proposed names of the company in order of preference. Main objects of the company. Authorized share capital of the company 2. Details of Directors ( Provide details of 2 directors in case of private company and 3 directors in case of public company ). Complete Name Address including (city, state, pincode, country) Fathers Name Date of Birth Nationality Occupation Three photographs of every proposed Directors. (scanned photographs will do) Copy of passport as a proof of identity and copy of proof of address (electricity bill/ telephone bill/ bank statement/driving license). (scanned copy will do) 3. Details of Shareholders (Provide details of 2 shareholders in case of private company and 7 in case of public company) Individual Complete Name Address including (city, state, pincode, country) Fathers Name Date of Birth Nationality Occupation Three photographs of every proposed shareholders. (scanned photographs will do) Copy of passport as a proof of identity and copy of proof of address (electricity bill/ telephone bill/ bank statement/driving license). (scanned copy will do) Corporate Shareholders Copy of Certificate of incorporation Copy of Memorandum and Articles of Association Board resolution of the existing company authorizing for shareholding in the proposed company.
DARE/rules of a pvt. ltd. For incorporating a private limited company: A minimum of two directors are required and minimum two shareholders. The right to transfer shares is restricted as per the articles of association. The number of shareholders is limited to fifty. An invitation to the public to subscribe to any shares or debentures is prohibited. No invitation or acceptance of deposits from persons other than members, directors or their relatives is allowed. Lesser number of compliance requirements
DARE/the process Obtain Director Identification number Time taken: One day Charge: Rs 100/- w.e.f. 1st July, 2007 Get your digital signature certificate Time taken: Four days Charge: Rs 400 to Rs 2650 Get the name of the company approved Time taken: Two to three days (within seven days) Charge: Rs 500 Memorandum and articles of association vetted and printed Time taken: within six months of name approval Charge: Nil Get the documents stamped Time taken: One day Charge: Stamp duty varies from state to state Get the memorandum and articles signed by at least two subscribers Time taken: One day Charge: Nil Get the certificate of incorporation Time taken: Five to ten days Charge: Registration fee varies on the basis of the companys authorized capita
DARE/fees The fees for the various applications for registration can be paid either through: - Cash Credit card - Internet banking - Challan

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Procedures in Registration of a Company Applicable law The Indian Companies Act, 1956 The Companies Act of 1956 sets

Check List of Information Required

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