- Availability of Name of the proposed company:-
First step in the incorporation of a company in India is
availability of its name. For this you can propose any suitable
name, provided it is not prohibited under the Indian Companies Act.
You have to suggest 6 names on priority wise. Application for the
name has to be filed in F1A.Form 1A will be signed digitally and
thus the applicant must have Digital Signature. The object of the
company must be reflected in the name, e.g., ABC Software
Pvt. Ltd. At this stage Form 1A should be filled completely and thus
please go through Form 1A. DIN of the promoters has to be obtained
at this stage and thus their id proof & address proof in the
form of ration card or copy of passport is required. If proposed
Company is WOS (wholly owned subsidiary) company of the foreign
company, a Board resolution on the letterhead of foreign company for
allowing to use the name and authorizing to incorporate a company in
India is required which should be countersigned by Indian Consulate
in the Indian Embassy there. For using the word ‘India,
International, Industries, Corporation, etc, different slabs of
Authorised capital has been prescribed. Directors have to sign
electronically and thus they have to obtain Digital Signature. Two
person can form a private limited company and at least seven
subscribers are required to form a public limited company. In the
case of Foreign Directors they are not required to be physically
present in India. They require only the address of registered
office.
- Finalisation of Main Objects and Memorandum & Articles of
Association of the company:-
After getting the name of the company, next step is to finalise
the main objects and Memorandum & articles of Association. At
least two subscribers are required for subscribing to the Memorandum
of Association. In case of Foreign subscribers, their
signatures are required to be attested by Indian Consulate in the
Indian Embassy there. If the foreigners/NRI are physically in India,
we can attest their signature. The subscribers should write their
particulars in their OWN handwriting.
- Stamping of Memorandum and Articles of Association:
After finalisation of Memorandum and Articles of Association,
the same is required to be stamped with Registrar of Stamps in
India, in Delhi, Stamping has to be done at Tis Hajari Court.
- Filing of Draft Memorandum and Articles of Association with
Registrar of Companies:-
After stamping of Memorandum and Articles of Association, the
same are to be signed by the promoters. After that, it will be filed
with Registrar of Companies electronically and physically along with
the following documents. Registration Fees which will depend on
proposed Authorised Capital of the company:
Form No. 1 : Statutory Declaration for compliance of
provisions of the Companies Act, 1956 in regard to Formation of
Company
Form No.18 : Address of Registered office
Form No.32 : Particulars of Director
Consent to act as director by the Directors of the proposed Company
Power of Attorney : Authorisation for making corrections in
the office of Registrar of Companies
After above steps, Certificate of Incorporation will be obtained
from Registrar of Companies. Here, all steps for Private Limited
Company are over and you can start your business immediately. For
Public limited Company, after this Certificate to Commence business
is to be obtained from ROC and only after that you can start your
business. Please refer difference between private limited company
and public limited company.
- After getting Certificate of Incorporation, following will be
made:
(i) Common Seal of the company
(ii) Share Certificates, and
(iii) Printing of 50 copies of Memorandum & Articles of
Association
- Fees structure
|
Govt. fees ( in INR) |
| Name application |
500 |
| Capital fees( For Rs. 1 lakh )
|
4000 |
| Stamping fees( Rs.150 per lakh)
|
150 |
| Printing of memorandum & other
exp. |
5000 |
| Cost of Digital Signature |
2500 |
- Capital fees is around 2-3% of the capital, as
follows
| Rs 1 Lakh |
4000 |
| Rs 5 Lakh |
16000 |
| Rs. 10 Lakh |
27000 |
| Rs 25 Lakh |
56000 |
| Rs 50 Lakh |
106000 |
Time Frame:
Company formation:
7 working days ( subject to availibility of all the papers)
Our charges:
Will be intimated to you by e-mail.
Our services: at additional cost
We shall provide you every services from incorporation of Company
to obtaining all the essential nos./licences,
accounting, taxation consultancy, with-holding tax compliance,
auditing etc. We also provide address for registered office at
cost.
|
