INCORPORATION OF A COMPANY IN INDIA

Click to edit Master A SNAP SHOT subtitle style

BBPM LAW

KINDS OF COMPANIES:
COMPANIES

PRIVATE COMPANIES

PUBLIC COMPANIES

BBPM LAW ASSOCIATES BBPM LAW

MINIMUM REQUIREMENTS- PRIVATE COMPANY: PRIVATE COMPANY

SHARE-HOLDERS: 2 DIRECTORS: 2

AUTHORISED CAPITAL: INR 1 LAKHS

BBPM LAW ASSOCIATES BBPM LAW

MINIMUM REQUIREMENTS- PUBLIC COMPANY: PUBLIC COMPANY

SHARE-HOLDERS: 7 DIRECTORS: 3

AUTHORISED CAPITAL: INR 5 LAKHS

BBPM LAW ASSOCIATES BBPM LAW

STEPS TOWARDS INCORPORATION:

STEP 1: APPLY TO THE REGISTRAR OF COMPANIES (ROC) IN FORM-1A ALONGWITH THE FEES OF RS. 500 TO ASCERTAIN THE AVAILABILITY OF THE PRPOSED NAME OF A COMPANY;

STEP2: ON APPROVAL OF THE NAME THE ROC WILL ISSUE A NAME ALLOTMENT LETTER;

STEP 3: ON OBTAINING THE LETTER, DRAFT THE CONSTITUTIONAL DOCUMENTS OF THE PROPOSED COMPANY[i.e. MOA & AOA];

STEP 4: GET THE MOA & AOA VETTED BY THE ROC AND ON VETTING GET THEM PRINTED;

STEP 5: EXECUTE MOA STAMP DUTY;

& AOA BY STAMPING THEM WITH THE APPROPRIATE

STEP 6: PROVIDE FOR SIGNING LAW MOA & AOA BY THE BBPM OF BBPM LAW ASSOCIATES PROMOTERS/SUBSCRIBERS IN THEIR OWN HANDWRITING & FILLING UP

STEPS TOWARDS INCORPORATION:

STEP 7: PERSON IN WHOSE PRESENCE THE MOA & AOA ARE SIGNED BY THE PROMOTERS MUST ALSO RECORD HIS SIGNATURE AND FURNISH DETAILS OF HIS OCCUPATION AND ADDRESS;

STEP 8: FILE WITH THE ROC THE DULY SIGNED, PRINTED AND EXECUTED MOA AND AOA ALONGWITH THE FOLLOWING FORMS: FORM 1 APPLICATION AND DECLARATION FOR INCORPORATION OF A COMPANY FORM 18 NOTICE OF SITUATION OR CHANGE OF SITUATION OF REGISTERED OFFICE FORM 32PARTICULARS FOR APPOINTMENT OF DIRECTORS AND MANAGERS ETC.;

STEP 9: PAY THE STATUTORY ABOVEMENTIONED DOCUMENTS;

FEES

ALONGSIDE

THE

FILING

OF

STEP 10: PROCURE CERTIFICATE OF INCORPORATION AND COMPANY SEAL BBPM LAW ASSOCIATES BBPM LAW FROM ROC;

ADDITIONAL STEPS - PUBLIC COMPANIES:

STEP 11: TAKE THE CONSENT OF THE PERSON WHO HAS BEEN PROPOSED AS A DIRECTOR OF THE COMPANY- FILL UP FORM 29.;

STEP 12: ARRANGE FOR PAYMENT OF APPLICATION AND ALLOTMENT MONEY BY DIRECTORS ON SHARES TAKEN AND AGREED TO BE TAKEN;

STEP 13: FILE THE STATEMENT IN LIEU OF PROSPECTUS WITH ROC IN SCHEDULE III OF THE COMPANIES ACT [IF THE COMPANY DECIDES NOT TO ISSUE PROSPECTUS];

STEP 14: FILE A DECLARATION IN FORM 20 BY ONE OF THE DIRECTORS DECLARING THE COMPLIANCE OF SECTION 149(2)(b) OF THE COMPANIES ACT, 1956;

STEP 15:

PROCURE THE CERTIFICATE OF COMMENCEMENT OF BUSINESS.

BBPM LAW ASSOCIATES BBPM LAW

DOCUMENTES REQUIRED:

THE MEMORANDUM OF ASSOCIATION & ARTICLES OF ASSOCIATION OF THE COMPANY;

DULY FILLED UP FOR FORM COMPANY;

1A i.e. APPLICATION FOR NAME OF THE

DULY FILLED UP FORM 1 i.e. INCORPORATION OF A COMPANY

APPLICATION

AND

DECLARATION

FOR

DULY FILLED UP FORM 18 i.e. NOTICE OF SITUATION OR CHANGE OF SITUATION OF REGISTERED OFFICE

DULY FILLED UP FORM 32 i.e. PARTICULARS FOR APPOINTMENT OF DIRECTORS AND MANAGERS ETC.;

BBPM LAW ASSOCIATES BBPM LAW

DOCUMENTES REQUIRED:

OBTAIN DIN [DIRECTORS INDENTIFICATION NUMBER] FOR ALL THE PROPOSED DIRECTORS & ATLEAST ONE DIGITAL SIGNATURE CERTIFICATE FOR AT LEAST ONE DIRECTORS;

DULLY FILLED UP FORM NO. 29 i.e. CONSENT BY A PROPOSED DIRECTOR [ IN CASE OF A PUBLIC LIMITED COMPANY]

IN ADDITION TO THE DOCUMENTS MENTIONED HEREINABOVE THE FOLLOWING DOCUMENTS ARE REQUIRED WHILE INCORPORATION/REGISTRATION: A. B. C. 3 PHOTOGRAPHS OF EACH DIRECTOR; ONE IDENTIFICATION PROOF [DRIVING LICENCE/PASSPORT]; ONE RESIDENTIAL PROOF [PASSPORT/BANK STATEMENT];

BBPM LAW ASSOCIATES BBPM LAW

FEES STRUCTURE:
THE FEES REQUIRED TO BE PAID TO THE ROC FOR INCORPORATING A COMPANY IS HEREUNDER:
AUTHORISED CAPITAL UPTO INR 1,00,000 FROM INR 1,00,000 TO INR 5,00,000 FROM INR 5,00,000 TO INR 50,00,000 FROM INR 50,00,000 TO INR 10, 000,000 OVER INR 10,000,000 FOR EVERY INR 10,000 INCREMENTAL CAPITAL FEE/INCREMENTAL FEE (INR) 4,000 @300

FOR EVERY INR 10,000

@200

FOR EVERY INR 10,000

@100

FOR EVERY INR 10,000

@50

BBPM LAW ASSOCIATES BBPM LAW

TIME LINES [IN DAYS]:

BBPM LAW ASSOCIATES BBPM LAW