Company Incorporation In India and the Need of Professional Help

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Company Incorporation In India and the Need of
Professional Help
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What is Company Incorporation?

• When you plan to start your own company, company
  incorporation is the basic thing you will have to
  do. For any business that is looking for setting
  up business in the Indian marketplace, company
  incorporation is the first step he/she needs to
  do. It is important because companies Act 1956
  states that a company must be registered and
  formed under the Act.

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The process of incorporation of company in India

• The procedure to register company and setting up
  a factory in India can be done through the
  following process
• Suggest the name of the company.
• Apply for the Directors Identification Number
  and Digital Signatures.
• Draft Memorandum and Articles of Association.
• Filing of documents with the registrar.
• Payment of Fees.
• Get a Certificate of Incorporation.

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Types of Companies in India
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Types of Companies in India

• Majorly in India, there are two types of
  companies private limited company and public
  limited company.
• Private Limited Company A Private Limited
  Company in India is an organization that is
  enlisted under the Indian Companies Act, 2013, or
  any past Companies Act.
• Public Limited Company A 'Public Company' is a
  restricted organization framed with least of 7
  individuals and 3 Directors. There is no
  limitation for the maximum number of individuals
  in a Public Company.

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Why doing Company Registration is Important?

• Protection If something unusual stuff happens
  like a fire hazard, financial loss in your
  business, then not only you but your family will
  also be in a bad situation. So, to protect
  yourself and your family, this is an important
  thing to do.
• Product/Service Your company may go bankrupt in
  lawsuits and due payments because of some
  accident happening in your company. So, its
  important to safeguard your company by
  registering it.
• Raising Money When your company goes higher
  level and earns more profit, then you may want
  someone to invest money in your company. It is
  possible only when your company has gone through
  a company incorporation procedure.
• Read more Registration of Foreign Companies in
  India Step by Step Guide

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How do Business Consultancies help in Company
Incorporation?

• The process of company incorporation procedure in
  India involves a lot of paperwork, transfer of
  the large sum of money, government regulations,
  etc.
• Further, the legal documentation which is related
  to the company incorporation procedure could
  prove difficult for the unfamiliar individual to
  achieve. It becomes more difficult for a person
  who does not have an intimate knowledge of the
  legal business environment in India.
• For such reasons, it is suggested that while
  looking for company incorporation, you must take
  the help of business consultants.

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Advantages of Taking Professional Help for
Company Incorporation

• By taking professional help from consulting firms
  in India, one can discover which line of business
  identification best fits his/her goals in company
  incorporation, and would then establish the
  proper company design, which is required with any
  incorporation.
• Furthermore, by taking the help of professionals,
  one can get aware of any demands which will be
  placed on the business so that he/she will not
  instantly meet with fines.
• Business consultants to clients exploring new
  business opportunities, help them understand
  legal procedures and assist in networking with
  local authorities, and create a suitable business
  model to set up their company in any part of the
  world.
• Read more Things you Need to Know About
  Incorporation of Company in India

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Contact Us

• Address 335, Udyog Vihar, Phase IV, Gurgaon,
  Haryana, INDIA 122 015
• Phone no 124-435-6300
• Email enquiries_at_tecnovaglobal.com
• Website https//www.tecnovaglobal.com

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