Company Formation in India
Company is defined as an association of persons or an artificial person which works as per the New Companies Act, 2013. Company formation in India is now becoming easier these days as the Government of India has been promoting large numbers of business entrepreneurs are coming to India for business purposes. Both types of companies are establishing these days including private limited and public limited ones by leading business entrepreneurs. To form a private company, there are minimum two shareholders are required and maximum numbers of shareholders can go up to 200 as per the Indian Companies Act. But, the rules and regulations are quite different when it comes to a public limited company like minimum seven shareholders are needed and there is no maximum limit as per the company rules and regulations and they must held annual general meetings by the board of directors.
India Company Formation Services
Company formation services are growing at a rapid rate in India by large numbers of legal and corporate professionals. These days, online company formation services are immensely popular among all business entrepreneurs due to its easy and simple process. New Companies Act, 2013 has set up Registrar of Companies (ROC) in each and every state and Union Territories in order to check and verify all the applicants those are applying for company registration. It's always safe to need the help of well qualified and extensively trained legal professionals when it comes to company registration and formation services. Private and public limited company formation and registration process is almost same and one must follow the complete rules and regulations laid down by the New Companies Act, 2013. There are certain important documents and information one needs to give with application form to the Registrar of Companies (ROC). Here is the list goes:
- Memorandum of Association (MoA)
- Articles of Association (AoA)
- Name and Address of board members
- Power of Attorney if any
- Application fee as per the companies act
