Registration of Public Ltd. Company in India - A Procedure

<div dir="ltr" style="text-align: left;" trbidi="on"> Registration of Public Ltd. Company in India - A Procedure<br /> <br /> <div class="separator" style="clear: both; text-align: center;"> <img border="0" height="169" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGXFn7aopcINf07jez89bDk2DAocRLh54tXfXH5Faf6fP82PrxpIYREhuKXF_8_2JgZMmZ4fEycQQ45oM2cKOQciXBdtN3qQE1iLLbxN-5GElaewT-gJidSvxxIFtjFJILr2xpxLat2svZ/s1600/Screenshot_1.jpg" width="320" /></div> <br /> <br /> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US" style="font-size: 16.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.0pt;">Introduction to Public Companies:<o:p></o:p></span></b></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">Public Company, as the name suggests has the ownership of public i.e. shareholders. A Public Company does not have an inclusive or clear definition in the Companies Act. But the company that satisfies the following conditions is a public company:<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoListParagraphCxSpFirst" style="mso-list: l2 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">*<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The Company which is not a private company is a public company.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="mso-list: l2 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">*<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The Company must have a minimum paid – up capital of Five Lacs Rupees for being a public company.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpLast" style="mso-list: l2 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">*<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">A private company which is a subsidiary of a company that is not a private company.<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US">Explanation:<o:p></o:p></span></b></div> <div class="MsoListParagraphCxSpFirst" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The first condition states that the restrictions of private company will not be applicable to the public company. This can be well explained by the points given below:<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l3 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: "Courier New"; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">   </span></span><!--[endif]--><span lang="EN-US">There is no restriction on sale or transfer of shares in public company as compared to that of a private company.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l3 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: "Courier New"; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">   </span></span><!--[endif]--><span lang="EN-US">A public company can issue its shares for subscription in public by an open invitation in public while it is not allowed in a private company.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l3 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: "Courier New"; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">   </span></span><!--[endif]--><span lang="EN-US">There is no restriction on number of members that can join the Public Company but for a public company number of members is restricted to 200.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The second condition is very simple, as the amount of minimum paid – up capital is specifically given in the provision which states the amount as Rs. 5 Lacs which is Rs. 1 Lakh for a Private Company.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpLast" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The third condition states that the company which is a subsidiary of a company which is not a private company that means the subsidiary of a public company is also a public company even if it is a private company by its constitution.<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US" style="font-size: 16.0pt; line-height: 115%; mso-bidi-font-family: "Times New Roman"; mso-bidi-font-size: 13.0pt;">Registration of Public Companies in India:<o:p></o:p></span></b></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">Procedure for registration of Public Companies consists of few steps ahead as that of registration of private companies. Let us see the similar steps of  procedure for registration of public and private companies in brief and then we will have a look at the further process required for Registration of Public Companies. <o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US">Initial steps of registration process (Which are similar to that of registration process of a private company):<o:p></o:p></span></b></div> <div class="MsoListParagraphCxSpFirst" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">As a first and foremost step, the promoters have to apply for and obtain the Directors Identification Number (DIN) for the persons who are going to apply for company’s registration.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The promoters have to apply for a Digital Signature Certificate (DSC) from the Service provider. It will be used to sign the documents of company that are to be filed online.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Digital Signatures obtained by promoters are to be registered with Ministry of Corporate Affairs on the site of </span><span lang="EN-US"><a href="http://www.mca.gov.in/">www.mca.gov.in</a></span><span lang="EN-US"> which is required for role check.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The Further step is to apply for name approval. Promoters have to file Form No. 1A which consists of suggesting 6 names in the priority basis, that are not identical with other companies along with fees of Rs.500.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpLast" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l3 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">After receiving the approval of name, file the 3 application forms initially required for registration of companies. The forms are:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 90.0pt; mso-list: l0 level3 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Form 1 – Application or declaration  for incorporation of a Company<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 90.0pt; mso-list: l0 level3 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Form 18 – Notice of Situation or change of Situation of registered office<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 90.0pt; mso-list: l0 level3 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Form 32 – Particulars of Appointment of Managing Director, Directors, manager and …<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level2 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Pay the fees for registration. The amount of which is based on the amount of authorized share capital of the company.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level2 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Constitution of the company i.e. Memorandum of Association (MOA) and the guide of internal rules and regulations i.e. Articles of Association (AOA) are to be prepared.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level2 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The following documents are to be filed with Registrar of Companies (ROC):<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Documents in supporting of Fees paid to Registrar of Companies (ROC)<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Document being an original letter received from Registrar of Companies, communicating the allotment or approval of name.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">A stamped copy and a spare copy of both Memorandum of Association (MOA) and Articles of Association of the Company (AOA) are to be filed with the ROC.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Copy of agreement of company with any person proposed to be a whole time director or manager.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">A power of attorney given to a person for acting as an authorized signatory is to be submitted which is to be provided in the non – judicial stamp paper, purchased in the name of person who is a signing authority.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo3; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">No objection letters from promoters / directors who are shown as promoters in Form No. 1A but who will not be associated with the company afterwards are to be filed with the Registrar of Companies.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level2 lfo3; tab-stops: list -135.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">After all the documents are submitted, Registrar of Companies on his satisfaction will issue the Certificate of Incorporation.<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US">Raising Capital:<o:p></o:p></span></b></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">After the Certificate of Incorporation is received, the company has to raise the capital for running the company’s business. Capital can be raised by inviting the public to subscribe for shares. Prospectus is to be prepared and is used as an invitation for public. The prospectus contains all the details of companies as to how and where the funds of the shareholders will be utilized. The company may also opt for raising capital only from directors.</span><span lang="EN-US"><o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US">Obtaining Certificate of Commencement of Business:<o:p></o:p></span></b></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">In addition to receiving the Certificate of Incorporation, Public Company has to obtain Certificate of Commencement to start the company’s business after raising capital. The steps involved in obtaining Certificate of Commencement of Business are as follows:<o:p></o:p></span></div> <div class="MsoListParagraphCxSpFirst" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l1 level1 lfo4; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">File Form No. 20 - Declaration of compliance with the provisions of section 149(2)(b) of the Companies Act,1956, in case where a company has not issued the capital in public. It means that Prospectus inviting public to subscribe the company’s shares is not prepared so; Statement in Lieu of Prospectus is to be attached with Form No. 20. The compliance of Section 149 (2)(b) states that:<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l1 level2 lfo4; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: "Courier New"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">   </span></span><!--[endif]--><span lang="EN-US">In case where the public issue is not made and the shares are to be taken by the directors, all the directors must pay the amount payable in cash for which they are liable to pay for such shares to be taken by them.<o:p></o:p></span></div> <div align="center" class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; text-align: center;"> <span lang="EN-US">OR<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l1 level1 lfo4; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">File Form No.19 - Declaration of compliance with the provisions of section 149(i)(a), (b) and (c) of the Companies Act,195, in case where the company has invited the public for subscribing the issue. The prospectus prepared by company for inviting public to subscribe such issue is to be attached with the form. The conditions to be fulfilled as per Section 149(i)(a), (b) and (c) are:<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l1 level2 lfo4; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: "Courier New"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">   </span></span><!--[endif]--><span lang="EN-US">Minimum Subscription of shares is to be achieved.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l1 level2 lfo4; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: "Courier New"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">   </span></span><!--[endif]--><span lang="EN-US">All the directors must have paid for shares allotted to them.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l1 level2 lfo4; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: "Courier New"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">   </span></span><!--[endif]--><span lang="EN-US">All payments on share allotment are received.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l1 level2 lfo4; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: "Courier New"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">   </span></span><!--[endif]--><span lang="EN-US">All the money should be repaid which are received on share application and to whom allotment is not made.<o:p></o:p></span></div> <div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l1 level1 lfo4; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The fees of the above form are to be paid along with filing the form and it is to be calculated on the basis of Paid – up capital. This calculation can be made on the MCA21 portal.<o:p></o:p></span></div> <br /> <div class="MsoListParagraphCxSpLast" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l1 level1 lfo4; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">In case where the conditions of the above section i.e. 149 (2)(b) or 149(i)(a), (b) and (c) whichever is applicable are satisfied and the Registrar of Companies is satisfied with the fact then he will issue the Certificate of Commencement of Business. The company starts its business on receiving such “Certificate of Incorporation”.<o:p></o:p></span></div> <br /> <br /></div>

Registration of Public Ltd. Company in India - A Procedure

Registration of Public Ltd. Company in India - A Procedure Introduction to Public Companies: Public Company, as the name suggest...

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Registration of Private Ltd. Company in India - A Procedure

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="text-align: center;"> <b style="font-size: x-large;">Registration of Private Ltd. Company in India - A Procedure</b></div> <div> <br /></div> <div class="separator" style="clear: both; text-align: center;"> <img border="0" height="166" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkjMSnoNENmZkS18zdbL_ki9ZT6LgqmhQZBX4rYx5uSpVfNOQrZiCRbOkUKlgeP5kptTif3spANwVDP3dvwb1wrOMntgMGqKPwwMFXNhE1tKqwpB40AOoJF7w7F_rojfx0ypjQBXX_utcv/s1600/Registration+of+Private+Ltd.+Company+in+India+-+A+Procedure.jpg" width="320" /></div> <div> <br /></div> <div> <b><span style="font-size: large;">Procedure for Registration of Private Companies in India:</span></b></div> <div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">                      In <st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region></st1:place> when you want to register a private company, you have to fulfill certain formalities such as filling forms, submitting documents with ROC, etc and many other things along with compliance of the provisions of Companies Act. You have to follow a stepwise simple process to register a Private Company and the process is as given below:<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><img alt="*" height="12" src="file:///C:/Users/DHAVAL~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif" width="12" /><span style="font-family: 'Times New Roman'; font-size: 7pt;">      </span></span><!--[endif]--><b><span lang="EN-US">Obtain DIN: </span></b><span lang="EN-US">In order to register a private company, there is a requirement of promoters, who acts as directors initially. It is mandatory to have a Directors Identification Number for a person to become a director in the company. Points to be kept in mind while proceeding for obtaining DIN:<b><o:p></o:p></b></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l1 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">It is mandatory to have DIN for a person to become director in the company.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l1 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l1 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">In case where a person already has DIN, check that he does not have directorship with more than 15 Companies excluding the list given in the Companies Act. The list is as follows:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l1 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l1 level3 lfo2; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US">1.<span style="font-size: 7pt;">       </span></span><!--[endif]--><span lang="EN-US" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">Directorship in Private Company </span><span lang="EN-US"><o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l1 level3 lfo2; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l1 level3 lfo2; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US">2.<span style="font-size: 7pt;">       </span></span><!--[endif]--><span lang="EN-US" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">Alternate Director </span><span lang="EN-US"><o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l1 level3 lfo2; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l1 level3 lfo2; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US">3.<span style="font-size: 7pt;">       </span></span><!--[endif]--><span lang="EN-US" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">Unlisted Company </span><span lang="EN-US"><o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l1 level3 lfo2; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l1 level3 lfo2; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US">4.<span style="font-size: 7pt;">       </span></span><!--[endif]--><span lang="EN-US" style="background-color: white; background-position: initial initial; background-repeat: initial initial;">Section 25 Company.</span><span lang="EN-US"><o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><img alt="*" height="12" src="file:///C:/Users/DHAVAL~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif" width="12" /><span style="font-family: 'Times New Roman'; font-size: 7pt;">      </span></span><!--[endif]--><b><span lang="EN-US">Obtain and Register the Digital Signature Certificate: </span></b><span lang="EN-US"><o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; text-align: justify;"> <span lang="EN-US" style="font-size: 5.0pt; line-height: 115%; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: bold; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;"><br /></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">     </span></span><span lang="EN-US">After receiving DIN, the promoters have to apply for Digital Signature Certificate which will be used to sign the documents electronically, which are to be filed online. <o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>Service of providing Digital Signature Certificates is provided by companies like TCS. You have to fill the form provided by the company and attach the required supporting evidence for applying for Digital Signature Certificate.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>When the Digital Signature Certificate (DSC) is received, it is to be registered on the official website of Ministry of Corporate Affairs i.e. </span><span lang="EN-US"><a href="http://www.mca.gov.in/">www.mca.gov.in</a>. This registration will allow you to sign the documents and forms that are to be filed online with the ministry of corporate affairs.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">The Digital Signature is to be registered with the Ministry of Corporate Affairs for Role check.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><img alt="*" height="12" src="file:///C:/Users/DHAVAL~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif" width="12" /><span style="font-family: 'Times New Roman'; font-size: 7pt;">      </span></span><!--[endif]--><b><span lang="EN-US">Apply for Name Approval</span></b><span lang="EN-US">: <o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>As soon as the DSC is received the promoters has to apply for approving the name of the company.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>The promoters have to take care that they have searched for names in the service provided in the MCA website for checking the resemblance if any exists.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>It has to be seen that the identical names does not exist.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>The promoters have to file the Form No. 1A which is for Application form for availability or change of name. For filing the Form No. 1A following steps are to be followed:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Go to site </span><span lang="EN-US"><a href="http://www.mca.gov.in/">www.mca.gov.in</a><o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US"> Select the box of “MCA21”.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">On the right side you will find a box written “Company Forms Download”.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Download the Form No.1A from the list of forms.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Fill the details and digitally sign it.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 108.0pt; mso-list: l0 level3 lfo1; tab-stops: list 108.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Submit the form.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>In the form 6 proposed names are to be provided from which one will be allotted to you. Try to provide the names in priority sequence of receiving that name as allotted.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>Fees for making Name Allotment Application id Rs.500.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><img alt="*" height="12" src="file:///C:/Users/DHAVAL~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif" width="12" /><span style="font-family: 'Times New Roman'; font-size: 7pt;">      </span></span><!--[endif]--><b><span lang="EN-US">Application for Registration</span></b><span lang="EN-US">:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>After receiving the approval of name the promoters have to proceed towards applying for registration of company before completion of 6 months from the receipt of name approval.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>The promoters have to file 3 forms initially. They are:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 90.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 90.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Form 1 – Application or declaration  for incorporation of a Company<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 90.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 90.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Form 18 – Notice of Situation or change of Situation of registered office<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 90.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 90.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Form 32 – Particulars of Appointment of Managing Director, Directors, manager and secretary and the Changes among them or consent of candidate to act as a managing director or director or manager or secretary of a company and/ or undertaking to take and pay for qualification shares.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>All the above forms are available on the website of MCA along with Form No. 1A.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><img alt="*" height="12" src="file:///C:/Users/DHAVAL~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif" width="12" /><span style="font-family: 'Times New Roman'; font-size: 7pt;">      </span></span><!--[endif]--><b><span lang="EN-US">Payment of Fees</span></b><span lang="EN-US">:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>Along with application, fees for registration of Company are to be paid. <o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>Fees are to be paid on the basis of type of company and amount of authorized capital.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>A quick Link of “Calculate the Fees” is given on MCA21 portal where you can calculate the fees.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>Payment is allowed by different modes such as Net Banking, Credit Card, Debit Card, Challan and NEFT.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>Always keep the copy of evidence generated on payment of fees such as copy of challan generated in case of all the online payments and copy of challan when the fees are paid by physical challan.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><img alt="*" height="12" src="file:///C:/Users/DHAVAL~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif" width="12" /><span style="font-family: 'Times New Roman'; font-size: 7pt;">      </span></span><!--[endif]--><b><span lang="EN-US">Preparation of Documents: </span></b><span lang="EN-US">Once the name approval is received, the promoters have to prepare the two most important documents of the company. It is to be filed with ROC within the time period of 6 months from receipt of name approval of the company. Such documents are Memorandum of Association (MOA) and Articles of Association of the Company (AOA). Let us see its basic details:<b><o:p></o:p></b></span></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 54.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><b><span lang="EN-US">Memorandum of Association</span></b><span lang="EN-US">: A stamped copy of Memorandum of Association is to be provided to the registrar of companies. Memorandum of Association (MOA) acts as a constitution of the Company. It contains the clauses of Name, Object, Situation, Liability etc. It states the identity of the company to the stakeholders. It should also contain subscription clause which contains the following details of promoters in own handwriting:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><br /></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Full Name<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><br /></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Father’s / husband’s Name<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><br /></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Address<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><br /></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Occupation<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><br /></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Number of Shares taken by promoter<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><br /></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Signature of the promoter.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><br /></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Signature of person witnessing the promoters’ signature.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><br /></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; mso-list: l0 level4 lfo1; tab-stops: list 144.0pt; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Date and Place<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 144.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 54.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 54.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><b><span lang="EN-US">Articles of Association</span></b><span lang="EN-US">: In addition to Memorandum of Association, Articles of Association is also an important document of the company. It contains the rules and regulation of a company acting as a guide for internal management. Certain restrictions and powers are assigned by the clauses of the Articled of Association. Along with the MOA a stamped and a spare copy of Articles of Association (AOA) is to be filed with ROC within the time period of 6 months from receipt of name approval of the company.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><img alt="*" height="12" src="file:///C:/Users/DHAVAL~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif" width="12" /><span style="font-family: 'Times New Roman'; font-size: 7pt;">      </span></span><!--[endif]--><b><span lang="EN-US">Submission of Documents</span></b><span lang="EN-US">:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 9px;">     </span><span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><!--[endif]--><span lang="EN-US">Along with application the following documents are to be submitted:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;"><br /></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Documents in supporting of Fees paid to Registrar of Companies (ROC)<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Document being a original letter received from Registrar of Companies communication the allotment or approval of name.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">A stamped copy and a spare copy of both Memorandum of Association  (MOA) and Articles of Association of the Company (AOA)  are to be filed with the ROC.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">Copy of agreement of company with any person proposed to be a whole time director or manager.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">A power of attorney given to a person for acting as an authorized signatory is to be submitted which is to be provided in the non – judicial stamp paper, purchased in the name of person who is a signing authority.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-bidi-font-weight: bold; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><!--[endif]--><span lang="EN-US">No objection letters from promoters / directors who are shown as promoters in Form No. 1A but who will not be associated with the company afterwards are to be filed with the Registrar of Companies.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-bidi-font-weight: bold; mso-fareast-font-family: Symbol;"><img alt="*" height="12" src="file:///C:/Users/DHAVAL~1/AppData/Local/Temp/msohtmlclip1/01/clip_image001.gif" width="12" /><span style="font-family: 'Times New Roman'; font-size: 7pt;">      </span></span><!--[endif]--><b><span lang="EN-US">Receiving the Certificate of Incorporation</span></b><span lang="EN-US">:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; text-align: justify;"> <span lang="EN-US" style="font-size: 5.0pt; line-height: 115%; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-bidi-font-weight: bold; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>When all the documents along with the application form are submitted and all the due fees are paid, the Registrar of Companies will check that everything is as required and the compliance with The Companies Act and other applicable laws are obliged. In short the ROC will scrutinize the documents and on finding then satisfactory then he may register the company or if s are required than the ROC will call the authorized person to settle the make necessary changes and then he will register the company.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>In case where anything is missing, the Registrar will call for such details.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>On registration the Registrar of Companies will issue a Certificate of Incorporation of Companies within a week or two in normal cases.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>As soon as the Certificate of Incorporation is received a private company can commence its business as per The Companies Act, 1956.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 36.0pt; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-bidi-font-weight: bold; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»</span><span lang="EN-US"><span style="color: #4f81bd; font-size: 9px;">     </span>The Certificate of Incorporation bears a date which will be known as the “Date of Incorporation” and will be used as a “Date of Birth” as in the case of normal Human Being.<o:p></o:p></span></div> </div> <div> <br /></div> <div> <br /></div> <div> <br /></div> <div> <br /></div> <div> <br /></div> </div>

Registration of Private Ltd. Company in India - A Procedure

Registration of Private Ltd. Company in India - A Procedure Procedure for Registration of Private Companies in India:        ...

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Private Limited Companies - An Introduction

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="text-align: center;"> <b><span style="font-size: large;">Private Limited Companies - An Introduction</span></b></div> <br /> <div class="separator" style="clear: both; text-align: center;"> <img border="0" height="164" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXgwZN4av8LvGWe14iiUt0KtYqDRtI4YS67adWmDneqKEZkgp5ulUSOa3_5tIq-dcUuzbF8gXP3un2-wmDzIoJ5GZZ9jHIWuf2duuvxa_mgwxk80CWtsCpxH7knJqnS3rjw2aAPV5k6Ej3/s1600/Private+Limited+Companies+-+An+Introduction.jpg" width="320" /></div> <br /> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US">                An artificial judicial person is a common definition for Company form of business Constitution in <st1:place w:st="on"><st1:country-region w:st="on">India</st1:country-region></st1:place>. There are different kinds of company viz. Limited Company, Government Company, Foreign Company, Private Company etc. A Private Company is defined in section 3(1)(iii) of the Companies Act.  The explanation of the section is given below:<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US" style="font-size: 13.0pt; line-height: 115%; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-bidi-font-size: 11.0pt; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Explanation:<o:p></o:p></span></b></div> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US" style="font-size: 13.0pt; line-height: 115%; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-bidi-font-size: 11.0pt; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;"><br /></span></b></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">The above section provides a meaning to the private company that a private company has private ownership.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Practically friends and relatives of the directors are the members of the private company. <o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;"><br /></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">No public issue is allowed so near relatives are preferred to be invited to purchase company’s shares. <o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">     </span></span><span lang="EN-US">There is a restriction on transfer of shares in a private company but not prohibition. Shares are transferable internally. <o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">Investing in private company is less risky because the management is in the hands of friends and relatives only so they will work in the interest of company because wealth of many near ones are invested in such companies.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l1 level1 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="color: #4f81bd; font-family: "Agency FB","sans-serif"; mso-bidi-font-family: "Agency FB"; mso-fareast-font-family: "Agency FB"; mso-themecolor: accent1;">»<span style="font-family: 'Times New Roman'; font-size: 7pt;">         </span></span><!--[endif]--><span lang="EN-US">There are two number restrictions provided by the section for being a private company. They are:<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l1 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l1 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US">1.<span style="font-size: 7pt;">       </span></span><!--[endif]--><span lang="EN-US">The company must have a minimum paid – up share Capital of Rs. 1,00,000 and<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l1 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 72.0pt; mso-list: l1 level2 lfo2; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US">2.<span style="font-size: 7pt;">       </span></span><!--[endif]--><span lang="EN-US">Members are restricted to a maximum number of 200 (Earlier it was only 50).<o:p></o:p></span></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US" style="font-size: 13.0pt; line-height: 115%; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;">Changes in The Companies Act 2013 as compared to 1956 with respect to private companies:<o:p></o:p></span></b></div> <div class="MsoNormal" style="text-align: justify;"> <b><span lang="EN-US" style="font-size: 13.0pt; line-height: 115%; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;"><br /></span></b></div> <div class="MsoNormal" style="text-align: justify;"> <br /></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">*<span style="font-family: 'Times New Roman'; font-size: 7pt;">        </span></span><!--[endif]--><span lang="EN-US">The Companies Act 2013 has replaced The Companies Act 1956. Due to these there has come been a change in the above definition. As per The Companies Act 1956, the number of members restricted for the private company was “50” while it has been increased to “200” with the introduction of The Companies Act 2013.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="text-align: justify;"> <span lang="EN-US"> </span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">*<span style="font-family: 'Times New Roman'; font-size: 7pt;">        </span></span><!--[endif]--><span lang="EN-US">The Companies Act 2013 gave introduction to One Person Company (OPC) while the same was not in the case of The Companies Act 1956. Because as per The Companies Act 1956 the minimum number of members required to form a Private Company was ‘two’.<o:p></o:p></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> <div class="MsoNormal" style="margin-left: 18.0pt; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;"> <span lang="EN-US"><br /></span></div> </div>

Private Limited Companies - An Introduction

Private Limited Companies - An Introduction                 An artificial judicial person is a common definition for Company form of...

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