Company Registration Procedures for Public and Private Companies in India
Companies in India can be Private, Public or Non-profit Company. When we talk about the company, its registration is a must and to register a company, the first step is the name that has to be reser...
Companies in India can be Private, Public or Non-profit Company. When we talk about the company, its registration is a must and to register a company, the first step is the name that has to be reserved and name can be reserved electronically via the Internet or via Registrar-General of Companies (ROC).
A unique name is required for the company and if you are using initials then the full form of the initial for that company is required in registration documents. After the verification of the name from the ROC, a fee of Rs.1000/ +12% VAT is applied to obtain that name, which is delivered through electronic mail or even can be collected from the ROC counter.
A private company limited by shares is usually called a private limited company Registration India (Ltd.), though this can theoretically also refer to a."Limited by shares" means that the company has shareholders which are not for public or for people outside the private company. But the company registration procedure for both public and private companies is almost same.
For public limited company registration in India, you need to obtain a name approval as mentioned above and then Form 1 (Registration of the Company), Form 18 (Consent and Certificate of Director) and Form 19 (consent and certificate of the Secretary, if any) together with two copies of the Articles of Association need to be submitted to ROC. Articles of Association often referred to as just ‘articles’ is the document which sets out the rules for the running of the company's internal affairs. The company's articles delivered to the Registrar must be signed by each subscriber in front of a witness who must attest the signature.
All forms should be in a computer printout or type written as handwritten forms are not allowed and accepted. Submit the forms and then a public notice of its incorporation with its name, address, place, website (If any) of the business in at least one of the leading newspapers must be published.
The Fee for Private Limited Company Registration in India are:
Form 1 Rs. 15000/-
Form 18 Rs. 1000/-
Form 19 Rs. 1000/-
Charges for Articles of Association are Rs. 1000/- plus 12% VAT. These days companies are incorporated the same day due to electronic media, which help people to open a company with ease, as everything from registration and payments, all is done electronically through debit and credit cards. A publication of the notice is done through Emails and amounts are transferred online, with just a click. Isn’t it?
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