Company Registration in Gurgaon India-Avcindia

Every outcome of our lives is governed by the procedures that have been followed. A delectable traditional food preparation will have a recipe that must be strictly adhered to, for launching a rocket successfully into the outer space, proper sequences have to followed which are a part of an overarching procedure, when it comes to a successful bilateral or multilateral deal between various nations are required to abide by certain guidelines which may protect environment, lives of indigenous people or economics of a particular country. Similarly an organisation too, needs to follow a set of guidelines both before it may establish itself as a business entity as well as while engaging in daily business transaction.

Speaking of establishing a company in India, every Company is required to register themselves with the Registrar of Companies in India (ROC), which functions under Ministry of Corporate Affairs (MCA) that deals with the administration of companies and Limited Liability Partnerships in India. This is the most important and 1st step for any organisation. This lays the foundation for engineering and designing, sales and marketing and customer support as well as other business transactions.

The various types of companies:

Generally, there are two types of Companies. A Private Limited Company and the other is Public Limited Company.

• Private Limited Company: A company in which the maximum number of members are 50. Invitation to the public to subscribe any shares or debenture is prohibited. The right to transfer its shares is restricted.
• Public Limited Company: A company that may invite the public to subscribe shares or debentures to any number of members other than private limited companies.

Procedures and documents required for company registration in India are being elucidated below:

• Procedure to be adopted for formation of private limited company :

• Application for the Director Identification No. (DIN) by the proposed/existing Directors.
• The obtainer of digital signature by at least one proposed/existing director.
• Application to be made to the concerned ROC to determine the availability of name in Form INC-1 along with a fee of Rs. 1000/-. If the proposed name has not already been registered with the ROC, a fresh application for the same name/s is required to be made.
• After receiving the approval for the name by ROC, the Memorandum and Articles of Association are drafted and printed.
• The aforementioned is followed by stamping of the Memorandum and Articles with the relevant stamp duty.
• Then the Memorandum and Articles is presented to be signed by at least two subscribers, followed by the mention of the subscribers’ father's name, occupation, address and the number of shares subscribed with at least 1 witness present.

• The following forms should be duly filled and signed :

• Declaration of compliance – Form 1
• Notice of situation of registered office of the company – Form 18.
• Particulars of Director, Manager or Secretary – Form 32.

• The following documents with ROC with filing fee and registration fee should be presented :

• Declaration of compliance – Form 1
• Form 1, 18 & 32 in duplicate.
• Name availability letter issued by ROC.
• Power of Attorney from the subscribers in favour of any person for making

corrections on their behalf in the documents and papers filed for registration.

• The Certificate of Incorporation obtained from ROC.

• Additional procedures to be followed for the formation of Public Limited Company are :

• Providing consent to act as director of a company and/or undertaking to take and pay for qualification shares which is Form No.29.
• Making arrangements for payment towards application and allotment money by Directors on shares taken or agreed to be taken.
• Filing the statement in lieu of prospectus with ROC in Schedule IV of the Companies Act.
• Filing a declaration in Form-20 duly signed by one of the Director.
• Obtaining the Certificate of Commencement of Business.

• Further procedures to be followed for formation of Private Limited Company :

• At least two directors are required to form a company.
• Minimum capital for a private company is Rs. 1,00,000.
• Registration fee is payable online or offline through Bank. The registration fee is according to the amount of the authorized capital of the company.
• Non-resident interest in the company is governed by the Foreign Exchange Management Act.

Chartered Accountant in India (CA) companies provides a host of the other services apart from company registration. CAs in India provides accounting services, company secretarial services, project financing etc.

With the help of Gst consultant in Gurgaon, you can easily file the goods and services tax. The consultancy service can help you with Gst registration in Gurgaon and deal with the taxation system conveniently.