Wednesday, July 2, 2008

Company Formation in India

Once your idea starts maturing, the next logical step is to begin the company formation procedure. It helps founders to formalize the business with underlying benefits like limited liability, transfer of ownership, perpetual succession, benefits in taxation, raising of money, sale of business entity.

One need to evaluate the various available options before finalizing the company structure. For some companies a partnership may work fine while for others private limited would be the best choice.

One need to understand the incorporation procedure & requirements for Company formation to ease-out the whole process.

STEP I: DECIDING THE FORM OF COMPANY TO BE INCORPORATED
STEP II: OBTAINING DIN & DIGITAL SIGNATURE CERTIFICATE
STEP III: CHECKING OUT THE NAME AVAILABILITY. Check Now.
STEP IV: STAMPING OF MEMORANDUM & ARTICLES OF ASSOCIATION (MOA/AOA)
STEP V: FILING OF FORM 1, 18 & 32 ALONG WITH MOA/AOA

All the above-mentioned activities would result in getting CERTIFICATE OF INCORPORATION and initiation of Company. Source

The total expenses in Company formation is roughly INR 25K and time required is not more than 3-4 Weeks ( Even few people completed the whole process in 2-3 Days).

For more details visit MCA Website.

1 comment:

Unknown said...

Thanks for the information.