धंधा करो, धंधा सीखो सीखो सीखो.....
This post is primarily to guide you through the Company formation process, i.e. converting your dhandha "XYZ" to "XYZ Pvt. Ltd.".
Although the best way in today's era of outsourcing is to get a CA to do it for you for a fees, here are the steps taken for your reference and knowledge. Do keep in mind that this information provided is strictly indicative and may not be exhaustive/accurate. So you might end up needing a CA anyway. If you need help on how to contact a CA, you can ask an 8 year old to help you out on how to use the yellow pages :)
Steps for Registering a Company in India:
- Choose a maximum of six new names indicating main objects of the company. Proper care for 'same or deceptively similar names' should be followed.
- Availability of name (s) can be made on eForm1 A by logging in to the portal. A fee of Rs. 500/- has to be paid alongside and the digital signature of the applicant.
- After approval, registration of the new company can be filed on forms (Form 1, 18 and 32) within six months of approval.
- Draft memorandum and articles of association; get ratified, print and stamped with appropriate stamp duty.
- Get the Memorandum and the Articles signed by at least two subscribers, provide details like father's name, occupation, address and the number of shares subscribed for and get identified.
- Memorandum and Article should bear date, later than stamp date.
Electronic forms and mandatory documents to ' Register a Company in India ' should further accompanied by, Declaration of compliance, Notice of situation of registered office of the company and Particulars of the Director's, Manager or Secretary. It should be accompanied by the digital signature, requisite fees and hard copy of Memorandum and Article of Association to the RoC. Then corporate identity is Certified by RoC. Public Limited Companies and Part IX Companies have to adhere to few more compliances for ' Company Registration in India '.
The hassles to 'Register a Company in India ' has been substantially cut down. And with better and user friendly ' Process of Company Registration in India ' has recorded , 54,020 companies limited by shares were registered during the year 2005-06. 199 new foreign companies registered their name during the period April to December, 2006 totaling the number to 2,239.
For a much more exhaustive procedure and downloadable forms, click here.
Reference.
