Company Registration and Verification

There are specific regulations regarding formation and closure of any company as laid down in Companies Act 1956. additionally, Registrar of Companies has the responsibility of registering companies as well as ensuring that companies adhere to necessary guidelines.

In this context we will go through the complete registration and verification procedure which is to be followed for formation of private limited companies in the country.

Procedure for Company Registration

In case anyone wants to form a private limited company in India then the first step consists of applying with Registrar of Companies or utilizing company registration services available in the state for this purpose where the company's registered office will be situated.

The company registration process will generally consist of:

Name of the Company

The first step in the registration process consists of finding out company name availability and for this purpose you can take help of company formation services provided by several agencies.

Regarding the company name, it cannot be anything that is prohibited as per laws. In addition to it, it will be necessary to complete e form-I A on the web site of Ministry of Corporate Affairs for checking if your planned company name is available for registration or not.

Moreover, it will be necessary to give at least four name suggestions as well as provide preference level for all those four names. After any of those names gets approved, such name will be valid for the coming six months. In these 6 months it will be necessary for you to file Articles of Association and also the Memorandum of Association.

If you are not able to complete these two requirements then it will become necessary to make an application for name renewal.

Memorandum of Association

After name is finalized the second step in the company formation process involves filling of Memorandum of Association that specifies kind of activities company will be into, the name of the company, the amount of initial capital company will have and information about company's registered office. You can also take assistance of agencies providing company registration services to guide you properly about how to file the Memorandum of Association in the right manner.

Articles of Association

In addition to the Memorandum of Association, the other necessary document which is required at the time of company registration is the Articles of Association. This document explains all the rules and regulations that company will be following for management of their internal affairs.

The aim of Memorandum of Association (MoA) is to lay down the objective as well as purpose of the company while on the other hand Articles of Association serves the aim of defining rules and regulations which are to be used for achieving objectives as specified in the MoA.

Certificate of Incorporation

After required documents are filled with assistance from providers of company formation services and the necessary registration fee is paid, Certificate of Incorporation is issued by the Registrar of Companies.