The growth or development of the company registration depends on how many clients approaches for registration.
The company growth depends on the following factors:
1) Category of the company
2) Name Availability
3) Article and Memorandum creation
4) Inspection, checking and signing of article, memorandum.
5) Power of Attorney
6) Requirement of more relevant document.
7) Company Registration fee
8) Registration Certificate
Category of the company:
Categorization of the company involves only 3 types.
1) Private companies
2) Public companies
3) Producer companies
Generally, The private Limited company has 7 or more members as their own team. In the company registration process only 2 peoples can sign in to the article or memorandum lawfully with or without limited liability.
The companies may be further classified as the the following:
- The company is ruled by the shares of the members.
- The company is ruled by the guarantee, depending on the capital or not.
- The company is unlimited with or without the share capital.
Proper document for the Name Availability of the Company:
- Consequently, the name of the company is the main part for the identification process.
- Accordingly, the promoter of the company should consider another 3 resemble names regarding the main name.
- Over there it is because to avoid the plagiarism to the main name. Within 7 days of the receipt of the application the registrar of the company should modify the name availability of the application.
- In case of the public company the name should end up with a name as limited and in case of private company it must be private limited.
- To summarize based upon the section rule of the company the name should not identical with the existing one. The availability of various names is included within a specified section.
Article and Memorandum creation
- In short, the structure of the company registration always depends on the article as well as memorandum creation. It is a document defines what are the functional areas that the company can act.
- Usually, the documents include the capital of the company, when it is incorporated, the liability of the company, the attitude and the liability nature of the members etc.
- By the way article creation defines the rules and regulations followed by the company growth.
Inspection, checking and signing of article, memorandum
- Accordingly, the promoter may approach the registrar of the companies to do the inspection of the article and memorandum for the growth itself.
- It is a usual process. During the inspection the registrar may concern if any changes occurred. If the promoters have no prior experience they reach the registrar for creating the article and memorandum for company registration.
- Including, in such cases the registrar can’t extend the time for creating the document. They will properly do the things, and they help in any manner to the promoters. In the case of inspection the promoters need not pay any processing fees.
- After the creation of the memorandum the promoters forced to write a request on the blank sheet enclosed with the copy of the memorandum. Based upon the state stamp law the value of the stamp may differ when we stamped in to the memorandum.
The article of association of company registration should sign by the subscribers of the company. Each one should sign it on.
Based upon the department law a person who is illiterate, who can apply, or he can sign by his thump expression to state that he is subscribing the memorandum of association.
Under the thump expression the person should state his name as per the law. In this case the person should read and state the documents to the subscriber.
The date within the document should be the date after the stamping. After the documents get stamped the document can take the printout. Computer based printing is acceptable and the document should be filed for the verification by the Registrar of the companies.
Similarly, the Xerox copies are not allowed for the company filing.
Power of Attorney
Particularly for the growth of company incorporation the promoters may take a view to fulfill the laws, instructions and tactics required by the registrar. The promoters for the view point they appoint an attorney to empower their ideas. State stamp law states that for the appointment of the attorney the promoter should stamp a non-judicial stamp paper on the appointment.
Requirement of more relevant document.
- Directors agreement: In case of a public limited company having a tiny capital, then the promoter can’t able to act as a director of the company by the article submission unless he is before the submission should keep a connection with the registrar and state that he is looking forward to being as a director.
- Details of Directors: In short if a company by its articles of association recruits any person as the director of the company, then it may also file the details of the person in the time of the registration. The form should file within 30 days of the registration of the company or the appointment of the 1st director.
Registration fee
Accordingly, the company registration fee should be pay to the registrar. The registration fee depends on the capital share of the company which is going to register.
Registration Certificate
- Regarding the one director of the company who held the maximum capital share of that corporation becomes a separate legal entity by the registrar who done with the company registration.
- Similarly, a company may also act as several banking strategies such as administration, finance, and trustee. Because the memorandum of association satisfy such kinds of variations.
- conversely, if the company memorandum of association contains two signature or any controversies about the sign then the certificate may be irrefutable. The advantages of the company registration are that the company not ends in any manner.
- more over, the company has their own identity and existence independent on the external structure of the company.
Conclusion:
Furthermore, in this session we discussed the steps for the incorporation of company growth. The steps are really important for the filing. We Solubilis in Coimbatore one of the major business consultants provides the best and reliable company registration services. We are looking for the customer satisfaction in every single step.
