Company Formation India

 

Company Formation in India is regulated by the Companies Act, 1956 and is administered by the Ministry of Corporate Affairs through the Offices of Registrar of Companies (ROC) in each State.

 

Types of companies that can be registered in India are

 

  • Private Companies
  • Public Companies.

 

Company Formation process starts by filing of name application with the ROC. Once, name is allotted, company formation documents have to be prepared and filed with respective ROC for registration. Up on scrutiny of documents, in a day or two the ROC registers the Company and issue the Certificate of Incorporation.

 

Steps to be followed for Company Formation in India


Persons desirous of forming a company in India have to follow the step by step procedure as discussed below:-

 

  1. Selection of type of the company.
  2. Apply for Directors Identification Number and Digital Signatures.
  3. Selection and applying name for the proposed company.
  4. Drafting of Memorandum and Articles of Association.
  5. Stamping, digitally signing and e-filing of various documents with the Registrar.
  6. Payment of Fees.
  7. Obtaining Certificate of Incorporation.
  8. Preparation and filing of Prospectus/Statement in lieu of Prospectus and e-Form 19/20 (in case of public companies) for obtaining the certificate of commencement of business.
  9. Obtaining Certificate of Commencement of business (in case of public limited companies).