Establishment of public and private sector companies

The Companies Act of 1956 laid down the rules for the establishment of both public and private companies. The limited company is the most commonly used form in India.  By registering the articles of association and memorandum with the state registrar of companies of the state, a company is formed .the state registrar of companies of the state, where the main office of the company is located is approached.

The approval of the name of the company is the first step in formation of the company .This approval of the name has to be done by registrar of companies in the state or union territory, in which the company will have its registered office. This approval is done if there is no company in the same name. The last name of the company has to add private limited or public limited depending on the public or private sector nature of the company. The owner of the company should mention at least four names for the company in order of preference. Then the registrar of companies informs the applicant within few days, whether the name proposed by the owner for his or her company is already registered or not.

If a name has been approved, then within six months the memorandum of association and articles of association with necessary documents should be filled. If one is not able to do so then application for renewal of name with some fee has to be submitted. 

The Memorandum of Association and Articles of Association Firm registration services in Gurgaon is the most important document submitted to the registrar of company for incorporating a company. It shows the constitution of the company, its objectives plus the definition of   company’s relation with outside world. This article of association also has the rules and regulation for management of company’s internal affairs.  The memorandum has objectives of the company and articles contain the rules and regulations by which the said company will achieve those objectives. The certificate of incorporation of the company is issues after accepting registration fee and required documents. The registration fee depends on the scaled capital of the company as stated in the memorandum.

The miscellaneous documents which are required with the memorandum of association and articles of association include:  declaration of compliance, notice of the situation of the registered office of the company ,particular of directors or manager or secretary ,authority execution in favor of any person  to submit the documents and make correction ,if any , and  letter of registrar of company , indicating the approval of the name for company .

For income tax a company Company registration consultant in Gurgaon must obtain a tax identification card and PAN number from the Revenue Department.  If necessary the business must also obtain a Tax Deduction Account Number (TAN).  The PAN and TAN are indicated on all documents filed with the revenue department. Company registration services provide can ease the process of registration.