Company Name, Company Formation, Corporate Consultant, Company Registration, Company Law

Bookmark and Share
 
 
 Company Incorporation
Company Formation, Company Creation, Company Incorporation...

Company Formation Company is separate legal entity. In India, The Companies Act of 1956 sets down rules and regulations Public Companies as well as Private Companies. The most common form of the company is Limited Company, and Unlimited Companies are relatively uncommon. The Company can be formed by registering the Memorandum and Articles of Association with the State Registrar of Companies of the state in which the main office is to be located.

Along with registration, the formation of company is also a law regulated by Government of India. Seven or more than seven persons can file their names in the Memorandum of Association to form an Incorporated Company. In the case of Private Companies, at least two persons are required to form a Company.

In India following types of business entitles are available :
  • Private Limited Company
  • Public Limited Company
  • Unlimited Company
  • Partnership Company
  • Sole Proprietorship
In addition to the above, the following types of entities are available for foreign investors/foreign companies for doing business in India:
  • Liaison Office
  • Representative Office
  • Project Office
  • Branch Office
  • Wholly owned Subsidiary Company
  • Joint Venture Company
Entities from Foreign countries can begin their business by opening up a branch office subject to the FDI guidelines. Branch offices are treated as foreign companies in India and attracts to higher taxes. There are some restrictions on buying properties in India.

The Company registration is highly advisable as it legally benefits the organisation Company registration in India requires certain procedure to be followed.

  • Name Approval & Registration:
    • Approval of the name of the company is a first step. The approval by Registrar of Company (ROC) is provided subject to certain conditions: for instance, there should not be an existing company by the same name. Further, the last words in the name are required to be "Private Ltd." in the case of a private company and "Limited" in the case of a Public Company. There has to be at least four different names of the company in the application, in order of preference. The ROC generally informs within seven days. The approved Name of the Company remains valid for period of six months. Within six months, the applicant has to file Memorandum of Association and Article of Association along with other necessary documents. The Memorandum of Association and Articles of Association are the most important documents to be submitted to the ROC for the purpose of incorporation of a company.

  • Memorandum of Association:
    • The Memorandum of Association is a document that sets out the constitution of the company. It contains, amongst others, the objectives and the scope of activity of the company besides also defining the relationship of the company with the outside world.

  • Article of Association:
    • The Articles of Association contain the rules and regulations of the company for the management of its internal affairs. While the Memorandum specifies the objectives and purposes for which the Company has been formed, the Articles lay down the rules and regulations for achieving those objectives and purposes.

  • Certification of Incorporation:
    • After approving the name, inspecting all the documents required, and along with Registration Fees, the ROC will issue the Certificate of Incorporation. A private company can start a business on receipt of its certificate of incorporation; whereas the Public Company has the option of inviting the public for subscription to its share capital. The Prospectus needs to be filed to the ROC, before it can be issued to Public. After completing all these and any other requirements, the ROC issues a Certificate of Commencement of Business to the public company.

Indian Company Act 1956 is the elementary document which defines the entire processes to form, incorporate and operate the company in India.The Company Law, in India, is a significant field of legal services for the corporates and Businessmen. All the activities pertaining to Companies, Formation, Merger, and Acquisition are commercial activities.

JSAfinance.com has the requisite qualified team of Chartered Accountants and Corporate Attorneys and Company Law Experts to deal with the matters related to formation, incorporation & registration of companies. JSAfinance.com provides the complete services related to the incorporation of companies such as Private Limited Company, Public LimitedCompany, and all other types of companies and non-profit organizations, filing of returns, filing of all forms under the company law, mergers of companies, takeovers, amalgamations of companies, formation of joint venture companies, Foreign Direct Investment in India, India, SEZs, Customs Laws and Foreign Exchange Management Regulations.

JSAfinance.com also handles Venture Capital Early Stage Finance, Private Equity Funds, and special financing in Domestic and International context.


For More Information Contact:
JSAfinance.com
Rizvi Park, E28 Ground Floor,
S.V.Road, Near Milan Subway,
Khar (West) - Mumbai - 400 0052 India.
Phone : (022) 2661 5092
Cell : 98925 22650
eMail : jsajinkya [at] gmail.com