Get Register Your Company in India

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Get Register Your Company in India
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Make you company favorable and prominent under
company registration in india for those who need
precise and accurate company incorporation in
india.
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Company is formed for the purpose of business
having a distinct identity or name and limited
liability. It is an association of persons
created by the process of law. Under Indian law
the rules are set down in The Companies Act 1956
for the establishment of both public and private
companies. A company is formed by registering the
Memorandum and Articles of Association with the
State Registrar of Companies of the state in
which the office is located. Under the Companies
Act, an entrepreneur can form mainly two types of
companies, namely a private company or a public
company. The companies can be further classified
as trademark registration 1) Public Company 2)
Private Company 3) Limited and Unlimited
Companies 4) Section 25 Company or Non Profit
Organization(NPO) 5) Holding and Subsidiary
Companies 6) Government Company 7) Foreign Company
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Public Company - It is a company in which shares
are held collectively by the general public
instead of few individuals. Minimum number of
members is seven and if members become less than
seven than the company is no longer a public
company. Its shares are freely transferable and
there is no ceiling on its membership. It can
invite general public to subscribe to its shares.
Public Company can be registered with minimum of
rupees five lakh as capital with seven members
and three directors. Private Company - It is the
most popular form of business entity used for
Foreign Investors in India, including USA
investors in India. It restricts the right of
members to transfer its shares and limits the
number of its members to fifty. Minimum number of
members in a private company is two. A private
company does not need a separate certificate from
the Registrar of Companies for the commencement
of its business. Public Company can be registered
with minimum of rupees two lakh as capital with
two members and two directors. company
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Limited and Unlimited Companies - Companies may
be limited, limited by shares or limited by
guarantee. a) Company limited by shares - In
this the liability of the members is limited to
the amount of uncalled share capital. No member
of the company limited by the shares can be
called upon to pay more than the face value of
shares or so much of it as has remained unpaid.
The members of limited companies have no
liability in case of fully paid up shares. b)
Company limited by the guarantee In this
company the liability of members are limited by
its Memorandum of Association (MoA) to such
amount as the members may thereby undertake to
pay if necessary on liquidation of the company.
The liability of the members to pay the
guaranteed amount arises only when the company
has gone into liquidation and not when it is a
going concern. c) Unlimited Company - In this
company the liability of the members is similar
to that of the liability of the partners in a
partnership firm and the members of an unlimited
company are unlimited.
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Section 25 Company or Nonprofit Organization - It
is a company established for promoting commerce,
science, art, religion, charity or other socially
useful objectives .The company apply its profits
and other income in promotion of its objectives
instead of paying any dividend to its members.
Under Section 25, the Central Government may
allow companies to remove the word "Limited /
Private Limited from the name. Many privileges
and exemptions are provided to these companies
under Company Law like it is exempted from
requirement of Minimum Paid-up capital and Stamp
duty for registration. new company registration
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Holding and Subsidiary Companies - When the other
company controls the board of directors and holds
more than half (gt50) in face value of its equity
share capital than the company is Holding or
Subsidiary Company. The holding company has the
power of discretion over the subsidiary company.
It can appoint or remove all or majority of
directors without consent or concurrence of any
other person. fcra registration Government
Company - A Government Company is the one in
which all the decisions related to management and
operations are taken by the government and 51 or
more is held either by the central government or
by the state government or is jointly held by the
central and the state government. Foreign
Company- which has set up its business in India
and has been incorporated outside India, under
the law of some other country, is registered in
that country and is called a Foreign Company.
company formation