Want New Company Registration in your City: Just get details in a Click Away!
Companies both private and public need to be registered under the companies Act for the smooth running and to stand as a legal entity for directors and shareholders and general public. Here, we will give the details.†
Business or any firm is an association of few persons with a purpose to run their business for profit. They deal with exchange of goods and services in order to make profits but at the same time firm registration is inevitable and they need to register their company or do the† firm registration††under the rules and regulation laid by the Government of a particular country. Since time immemorial, business has many forms; single man business or sole-trade proprietorship, partnership firm and private and public company. In India, every firm is registered under the rules and regulations of Indian Government like for a partnership firm registration, its partnership Act 1932 and for private and public companies, itís Indian companies Act, 1956. These days, there are thousands of small and medium scale enterprises and companies are vying for registration in order to protect themselves from any illegal action. There are separate requirements for separate entities as per the Act.
Partnership firm is a mutual business between two persons with a single motive. Itís an agreement between two partners to run the business and share the profit equally among them. A partnership firm registration is done under the Indian Partnership Act, 1932. As per the law, a partnership firm can registered at any point of time by filling the form with Registrar of Firms in the area where they have their firm based at. The application form should contain following documents:
-: Name of the firm
-: Place of the business or location
-: Date on which each partner joined at or started the business
-: Name and full address of both partners
-: Other location if they run business apart from main area.
-: Duration of the Firm
-: Application must be duly signed and verified by authorized agents.
Registrar of Firms or†new company registration†will assess the applicant under the section of 58 and record the entry and issue the Certificate of Registration if they successfully qualify.
Now, itís about company registration. Company is defined as a legal entity or any entity or enterprise involved with the business with a purpose to earn profits. Itís a voluntary association of persons formed or started to carry out a business venture by collecting capital from interested parties called shareholders with a promise to give dividends. Primarily, there are two kinds of companies are available in India; one is private and another one is public limited company. All these companies are registered under the Indian companies Act, 1956. Under the section of 609 of Indian companies Act, 1956 Registrar of Companies (ROC) is an authorized body establishes in every state and Union Territories in order to assess the credentials of new companies at the time of registration. These days, one can register the name of the company through online by applying with all requisite documents. Here, we are giving how a newly formed company can be registered.
For a private limited company:
-: The stamped and signed copies of Memorandum and Articles of Associations (3 copies)
-: Any agreement relating to M & A
-: Name availability letter used in ROC
-: The registration and filing fee
-: Agreement proposed to the appointment of Director or Managing Director.
-: Collect the Certificate of Incorporation from ROC.
As per the Indian Companies Act, the Registrar of Companies (ROC) deals with assessing, changing names and incorporation of companies and sometimes it can change a company from private to public limited and vice versa as per the applicants demand and need. Therefore, many entrepreneurs are using the†online company registration†process as itís really hassle free. Give it a try.
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