The company formation is now possible by filing INC-29, which is a single form with the Registrar of Companies, within whose jurisdiction the registered office of the business is proposed to be situated. But, firstly we have mentioned the lengthy process of registering a One Person Company.
The Director Identification Number(DIN) is a unique identification number that is issued to a director or a person who is decided to become the director of the company. This DIN is given by the Ministry of Corporate Affairs(MCA).
Certain relevant documents are to be submitted along with this, they are as follows:
Once the DIN. DSC, and DIR applications are filed thereafter you need to choose the name of the Company and get it approved. This is a vital stage, and it includes few process:
A good research of all the names that are possible needs to be studied, you can take help of the MCA(Ministry of Corporate Affairs) website. It is also to scrutinize if the Name already exists in the trademark registry or not as it any pre-existing name can be rejected/opposed by the ROC( Registrar Of Company)
After the thorough research with several sources you need to decide six names that you want to grant as your company name and arrange them according to your priority and preference.
INC-1(an application for reservation of name) is to be filed with the Registrar of Company, wherein the six options for the name of the company that you have decide according to your preference/priority needs to be written down along with explanation of its significance.
A Memorandum of Association covers the fundamental provisions and the purpose of the Company's constitution. The primary objectives along with other purpose are to be included in MOA.
The Article of Association is another important document that will contain rules and regulations governing the internal management of the company. It bounds the company with its members wherein the rights and duties are mentioned
The Application of incorporation is to be done in Form INC-2 wherein the following documents are to be attached;
Once the documents are filed online, the RoC fees and stamp duty is filed electronically. This is based upon the authorized capital of the company.
Once you are done with the payment of RoC fee and stamp duty, the Registrar of companies will then verify and scrutinize all the documents and inform about the required changes. Keeping in mind the changes and suggestions you are required to modify the documents to avoid any kind of objection or rejection.
This is the final stage where you get the "certificate of incorporation" which means that you can now start Company's operation. After verification of all the documents the Registrar of Companies signs the "Certificate of Incorporation" which is then send to the Director of the company's director. The Ministry of Corporate Affairs(MCA) have now made it all electronic format to avoid wastage of paper and support Green Initiative. So once you receive "Certificate of Incorporation", no more waiting as you can start off with the operation of your company and lead to a successful business. The Certificate of Incorporation will be having "validity unknown" displayed at the end which means there are still some Post Company registration formalities that are to be done.
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