Modes of Incorporation
Memorandum of association
(1) Any seven or more persons, or where the company to be formed will be a private company, any two or more persons, associated for any lawful purpose may, by
subscribing their names to a memorandum of association and otherwise complying with the requirements of this Act in respect of registration, form an incorporated company, with or without limited liability.
(2) Such a company may be either -
(a) a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them (in the Indian Law termed "a company limited by shares");
(b) a company having the liability of its members limited by the memorandum to such amount as the members may respectively undertake by the memorandum to
contribute to the assets of the company in the event of its being wound up (in the Indian Law termed "a company limited by guarantee"); or
(c) a company not having any limit on the liability of its members (in the India Law termed "an unlimited company")
CHECK LIST FOR COMPANY INCORPORATION
1 For Director Identification Number (DIN )
1. PAN CARD (Complusory
ANY ONE DOCUMENTS
PASSPORT
ELECTION ID
DRIVING LICENSE
ELECTRIC BILL
( Should be in the name of applicant)
PHONE BILL
( Should be in the name of applicant)
BANK STATEMENT
( Should be in the name of applicant)
And Three Passport Size Photos
2 For Name Application Proposed Name With Three
parts
Key Word ( Brand Name)
Business Objective
and Private limited
Example
Key Word ( Brand Name) Atlas
Business Objective Real Estate
and Private limited Private Limited
so company name is
Atlas Real Estate Private Limited
CHECK COMPANY NAME
AVAILABILITY HERE
If you are converting existing proprietorship or Partneship into Company, then please attach papers of proprietorship registration
Like Service tax certificate, Gumasta License, Partnership
Deed, Partnership PAN ,or Trademark Registration papers
3 Names of Directors with their % in shareholding
4 Proposed Registered office address
5 Nearest Police Station of Registered office address
6 Business Objectives of Company
State any 5 major goods or services in which the company will deal in.
7. Proposed Authorised Capital of Company
Minimum is Rs 1 Lakh
CONTACT US
CALL US +91 8898460909
+91 9769693494
Company Formation Package
• DIN Number for all Directors
• Digital Signature from Tata Consultancy Service for
any one director
• Application for Name Allotment
• Name Approval
• Drafting of Company Memorandum of Association
and Articles of Association
• Filing of All Company Incorporation papers with
Registrar of Companies
• All Stamp Duty and Registration Fees
• Getting your Certificate of Incorporation ( Company
Registration Certificate)
• Company PAN Card
• Company TAN Card ( used for Deduction of Tax (TDS) for payments made to employees, contractors, etc,)
• 2 Sets of All Registration Docs Printed and Softcopy of Digital Signature and Software for Digital Signature
• Consultancy related to above.
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CompanyFormationMumbai
India's Trusted Company Formation Service
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Documents Required For Company Formation
For DIN NUMBER
Following documents
Proof of identity Any One
1. Passport
2. Election (voter identity) card
3. Driving license
4. Income-tax PAN card
And
Proof of residence Any One
1. Passport
2. Election (voter identity) card
3. Ration card
4. Driving license
5. Electricity bill
6. Telephone bill
7. Bank account statement
and
2 Photographs
For Digital Signature
Income-tax PAN card Complusory
And Any One of the following
a. Passport
b. Election (voter identity) card
c. Driving license
and 2 Photographs
FOR Name Availability
1.Names of Your Choice
(We prefer at least 2 Names)
2.Details about the Business of the Company
3.Names of Promoter
FOR Memorandum of Association
Details about the Business of the Company
Amount of Paid Up Capital
Location of Registered Office
Names of Promoter
For more details call us on
(+91) 8898460909
(+91) 8286969393
or Email us atlaseva@gmail.com
What is difference between Private Limited and Public Limited Company ?
What is the Best Form of Business Enterprise for me ?
What are the Registration requirements ?
What will be the Tax Status of my new business ?
Will my liability be limited ?
How should I plan my capital structure ?
How should I start my business ?
What is the Best Form of Business Enterprise for me ?
What are the Registration requirements ?
What will be the Tax Status of my new business ?
Will my liability be limited ?
How should I plan my capital structure ?
How should I start my business ?
Starting a New Business
Get Free consultancy
Call us now
(+91) 8286969393
8898460909
Get Free consultancy
Call us now
(+91) 8286969393
8898460909
Distinction Between A Public Company And a Private Company – Following are the main points of difference between a Public Company and a Private Company :-
1. Minimum Paid-up Capital : A company to be Incorporated as a Private Company must have a minimum paid-up capital of Rs. 1,00,000, whereas a Public Company must have a minimum paid-up capital of Rs. 5,00,000.
2. Minimum number of members : Minimum number of members required to form a private company is 2, whereas a Public Company requires atleast 7 members.
3. Maximum number of members : Maximum number of members in a Private Company is restricted to 50, there is no restriction of maximum number of members in a Public Company.
4. Transerferability of shares : There is complete restriction on the transferability of the shares of a Private Company through its Articles of Association , whereas there is no restriction on the transferability of the shares of a Public company
5 .Issue of Prospectus : A Private Company is prohibited from inviting the public for subscription of its shares, i.e. a Private Company cannot issue Prospectus, whereas a Public Company is free to invite public for subscription i.e., a Public Company can issue a Prospectus.
6. Number of Directors : A Private Company may have 2 directors to manage the affairs of the company, whereas a Public Company must have atleast 3 directors.
7. Consent of the directors : There is no need to give the consent by the directors of a Private Company, whereas the Directors of a Public Company must have file with the Registrar a consent to act as Director of the company.
8. Qualification shares : The Directors of a Private Company need not sign an undertaking to acquire the qualification shares, whereas the Directors of a Public
Company are required to sign an undertaking to acquire the qualification shares of the public Company .
9. Commencement of Business : A Private Company can commence its business immediately after its incorporation, whereas a Private Company cannot start its business until a Certificate to commencement of business is issued to it.
10. Shares Warrants : A Private Company cannot issue Share Warrants against its fully paid shares, Whereas a Private Company can issue Share Warrants against its fully paid up shares.
11. Further issue of shares : A Private Company need not offer the further issue of shares to its existing share – holders, whereas a Public Company has to offer the
further issue of shares to its existing share – holders as right shares. Further issue of shares can only be offer to the general public with the approval of the existing share – holders in the general meeting of the share – holders only.
12. Statutory meeting : A Private Company has no obligation to call the Statutory
Meeting of the member, whereas of Public Company must call its statutory Meeting
and file Statutory Report with the Register of Companies.
13. Quorum : The quorum in the case of a Private Company is TWO members
present personally, whereas in the case of a Public Company FIVE members must be
present personally to constitute quorum. However, the Articles of Association may
provide and number of members more than the required under the Act.
14. Managerial remuneration : Total managerial remuneration in the case of a Public Company cannot exceed 11% of the net profits, and in case of inadequate profits a maximum of Rs. 87,500 can be paid. Whereas these restrictions do not apply on a Private Company.
15. Special privileges : A Private Company enjoys some special privileges, which are not available to a Public Company.
1. Minimum Paid-up Capital : A company to be Incorporated as a Private Company must have a minimum paid-up capital of Rs. 1,00,000, whereas a Public Company must have a minimum paid-up capital of Rs. 5,00,000.
2. Minimum number of members : Minimum number of members required to form a private company is 2, whereas a Public Company requires atleast 7 members.
3. Maximum number of members : Maximum number of members in a Private Company is restricted to 50, there is no restriction of maximum number of members in a Public Company.
4. Transerferability of shares : There is complete restriction on the transferability of the shares of a Private Company through its Articles of Association , whereas there is no restriction on the transferability of the shares of a Public company
5 .Issue of Prospectus : A Private Company is prohibited from inviting the public for subscription of its shares, i.e. a Private Company cannot issue Prospectus, whereas a Public Company is free to invite public for subscription i.e., a Public Company can issue a Prospectus.
6. Number of Directors : A Private Company may have 2 directors to manage the affairs of the company, whereas a Public Company must have atleast 3 directors.
7. Consent of the directors : There is no need to give the consent by the directors of a Private Company, whereas the Directors of a Public Company must have file with the Registrar a consent to act as Director of the company.
8. Qualification shares : The Directors of a Private Company need not sign an undertaking to acquire the qualification shares, whereas the Directors of a Public
Company are required to sign an undertaking to acquire the qualification shares of the public Company .
9. Commencement of Business : A Private Company can commence its business immediately after its incorporation, whereas a Private Company cannot start its business until a Certificate to commencement of business is issued to it.
10. Shares Warrants : A Private Company cannot issue Share Warrants against its fully paid shares, Whereas a Private Company can issue Share Warrants against its fully paid up shares.
11. Further issue of shares : A Private Company need not offer the further issue of shares to its existing share – holders, whereas a Public Company has to offer the
further issue of shares to its existing share – holders as right shares. Further issue of shares can only be offer to the general public with the approval of the existing share – holders in the general meeting of the share – holders only.
12. Statutory meeting : A Private Company has no obligation to call the Statutory
Meeting of the member, whereas of Public Company must call its statutory Meeting
and file Statutory Report with the Register of Companies.
13. Quorum : The quorum in the case of a Private Company is TWO members
present personally, whereas in the case of a Public Company FIVE members must be
present personally to constitute quorum. However, the Articles of Association may
provide and number of members more than the required under the Act.
14. Managerial remuneration : Total managerial remuneration in the case of a Public Company cannot exceed 11% of the net profits, and in case of inadequate profits a maximum of Rs. 87,500 can be paid. Whereas these restrictions do not apply on a Private Company.
15. Special privileges : A Private Company enjoys some special privileges, which are not available to a Public Company.