Corporate Legal Services

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Corporate Legal Services
For More Details Please Visit our
Website http//www.accuprosys.com/corporate-legal-
services/
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Company Incorporation
The procedure for incorporation of a company
appears confusing to most businesses. This has
made way for various corporate law firms to
extend corporate legal services. They also look
after all the tasks linked with incorporation of
a company. Also, they give corporate advisory
services to help the clienteles to make a
decision as to which class of incorporation
applies to the many different types of
clienteles. Let us take a look at the many
various types of incorporations as that will
assist clienteles make head and tail of the
operation of incorporation. In plain words,
incorporation means to change a clientele into a
legal structure that is accredited by law. After
incorporation, a business becomes a distinguished
corporate entity. Many types of companies can get
themselves incorporated to reap the benefits of
getting incorporated. Some of the types of the
companies that get incorporated are one person
companies, private limited companies, limited
liability partnership, public limited companies,
part IX companies, section 25 companies, and
foreign companies. The process of incorporation
for all of the listed companies is almost the
same except for a few inclusions and exclusions
here and there.
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Private Limited company
Private company incorporation needs business to
have at least two directors with a paid up
capital of at least one-lakh rupees. In a private
limited company, the capital is raised mainly by
private shares or personal deposits. For
incorporation of a company as per company law,
the petitioner first needs to submit a minimum of
one to six names for the proposed company. The
availability of the nominated names should be
checked online and submitted with an application
to Registrar of Companies (RoC) in order for the
name of the company to be approved and
registered. Assistance is often rendered by the
corporate law firms with the availability of name
and also suggestion with regard to the right
appropriate kinds of names that suit the company
profile. The next step after registration is for
the petitioner to seek for Director
Identification Number (DIN). DIN is allotted to
each of the company's directors. Digital
signatures applications are also made for the
directors of the company. Other forms such as
form 1, form 18 and form 32, are needed to be
filed by the petitioner. The certificate of
incorporation is issued by the RoC after
everything is found in order and everything gets
through.
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Public Limited Company
Shares and public deports are the main source of
capital of a public limited company. Public
limited company incorporation requires the
business to have a at least three directors,
seven subscribers, and five-lakh rupees minimum
paid-up capital. Incorporation of a public
limited company procedure stands the same as it
is for a private company with the exception of
additional forms such as form 29 and form 20 to
be submitted with the Statement in Lieu of
Prospectus. Businesses seek corporate legal
services to avoid mix-up with mandatory and
minimum requirements for company incorporation.
For More Details Please Visit our
Website http//www.accuprosys.com/corporate-legal-
services/
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One-Person Company
There has been a new addition to the Companies
Act of 2013, which is the One-Person Company.
This allows the shareholders to get their
businesses incorporated. In One-Person Company,
one shareholder is eligible to be the company's
director. For a One-Person company, there are up
to fifteen directors allowed. The benefits of a
private limited company are applicable to a
One-Person Company. A minimum paid up capital of
one-lakh is needed for the incorporation of
One-person company. The procedure needed by the
One-Person Company incorporation just like the
private limited company.  
For More Details Please Visit our
Website http//www.accuprosys.com/corporate-legal-
services/
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Limited Liability Partnership
In a limited liability partnership, the name
registration is done by submitting form 1 and
then the applicant needs to submit form 2 for
incorporation of company. In form 2, the things
declared are partner details and their
authorization to act as partners. LLP agreement
is made after this under Section 23 of the LLP
Act. Within 30 days, following company
incorporation, this has to be filed through eForm
3 with the registrar.
For More Details Please Visit our
Website http//www.accuprosys.com/corporate-legal-
services/
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Part IX Company
Seven or more members comprise this company and
this has been registered under the Companies Act,
1956, Part IX. Joint stock companies are included
in the Part IX companies. In these companies,
capital is divided into shares by the permanent
paid up capital. Even here, the same procedure of
private company incorporation is implemented for
part IX company, but this include a few
additional forms such as form 37 and 39.
For More Details Please Visit our
Website http//www.accuprosys.com/corporate-legal-
services/
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Section 25 Company
Any company listed as a section 25 company is a
non-profit organization. This company advances
into things such as science, arts, charity, etc.
In a section 25 company, income is not
distributed among the company members. An
eligible non-profit business has to file form 1A
for its name reservation and approval followed by
application for DIN and digital signature
certificate DSC, for incorporation of company.
Also, form 24A, 1, 18, and 32 are needed to be
submitted.  
For More Details Please Visit our
Website http//www.accuprosys.com/corporate-legal-
services/
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Foreign Company
Submission of form 44 with the digital signature
of an authorized representative is mandatory, if
any foreign company aims to establish its
business in India and wants to get itself
incorporated. Also, DSC is a mandatory
requirement.   Businesses can also get themselves
registered under sole proprietorship, in addition
to the companies listed above. Registration is
not needed for, starting up a sole proprietorship
company, but things such as licenses, import
export code, etc. are needed and have to be taken
care of.   The Ministry of Corporate Affairs
website is where all the forms can be obtained
from. Also, a step-by-step procedure is given in
the website which describes the incorporation of
the company. All the forms and documents can be
submitted online through the website. It is
suggested to get corporate advisory services for
incorporation of a company to get the proposed
business incorporated without any kind of major
hurdles.
http//www.accuprosys.com/corporate-legal-services
/
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Accuprosys is one of the best corporate legal
service companies in India. The company, based in
Hyderabad, has a good reputation and is going
strong since its establishment.
For More Details Please Visit our
Website http//www.accuprosys.com/corporate-legal-
services/
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