INCORPORATION OF COMPANY IN INDIA:

The incorporation of company in India has become more easier after online filing procedure and online payment of stamp duty being adopted. Now a private or public limited company can be incorporated in approximately 15 days time, it is now fast and easy.

 

Procedure for incorporation of company:

1.     Obtain DIN of the proposed directors, for minimum two directors in case of private company and three in case of public company.

2.       Obtain DSC (digital signature certificate) of any one of the proposed directors.

3.      Apply to ensure the desired name of the company is available or not in e-form 1A, before applying for the name check and ensure the availability of the desired name using this link http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=16

4.  After the name being approved, draft MOA & AOA(Memorandum of Association and Articles of Association),do ensure that the object clause shall not have objects like carrying on financial, banking or insurance activities, if the proposed company is not a NBFC (Non Banking Financial Company).

5.    Take the consent of persons to act as director of the company, and get the subscriber sheets of MOA & AOA signed.

6.       File e-form 1, 18 & 32 with the incorporation documents.

The procedure is simple and easy, all the related details regarding filing is available in the help kit attached with the respective forms.

For any further information on this subject you may contact the writer at nikita.1.singh@gmail.com

·                   The information given in this blog is the personal understanding of the writer and shall not be used as a conclusive material. The content stated/mentioned here is subject to changes by respective government/authorities in the applicable laws. The writer shall not be liable for any direct or indirect damages caused to any person acting solely on/based upon the information provided herein.