If you want to start your own company then you need to know about the different types of company formation in India. There are many important things that you need to know about company formation in India if you want to open an active and profitable business in this country. Here are some tips and information that will help you know all about company formation in India.
Types of Company Formation in India: Private limited company formation in India consists of two main aspects; the ownership and control of the company. There are two types of ownership: equity shareholders and preferred shareholders. Equity shares are valued on the basis of the number of rights to dividends, whereas preferred shareholders are entitled to dividends only on their subscription to a particular portfolio of stocks. Equity shareholders and preferred shareholders have equal right to dividends.
Registered Office: To make company formation in India more effective, all the statutory rules of registered office needs to be complied with. You need to comply with all the formalities of company registration, maintenance of office, payment of annual fees, conducting of Audits and other statutory dues. All the documents can be downloaded from respective government websites. Official websites of ministries of states also provide the same services. To save time, it is better to get the services of professionals.
Registered Agents: The procedure of company formation in India involves many issues and responsibilities, which have to be taken care of by qualified registration agents. They act as the go-between for the client and the authorities in registered office. The registered agent is a lawyer or an accountant who is appointed by the client. He carries out all the official duties in respect of company formation in India.
Registration: For company formation in India, you have to file the necessary documents with the concerned authorities. The prescribed form is to be submitted along with statutory fees. The Companies Act and other corresponding laws have to be strictly followed to register the company. The Companies Act allows the private Limited Liability Company to have a registered agent, who can manage its business affairs.
Memorandum of Association: For company formation in India, it is essential to create a Memorandum of Association. The entire purpose of Memorandum of Association is to define the nature of the company and to provide information about its directors and shareholders. There are several template forms available online which can be utilized for this purpose. The Companies Act also provides for the establishment of a public limited company and for the regulation of its management.
Registration: After creating a Memorandum of Association, the next step is to prepare and file an application for registration. Once Articles and Memorandum are properly drafted an application for registration can be made for completing formalities for registration.
Trademark registration services India : After the registered agent is approved for the responsibility of managing the company, the next step is to apply for registration of the trademark. The trademark applicant must ensure that the name he has chosen is exclusively his own, so that nobody else can use it. The registration must be published by the Registrar of Trademarks and is effective only if the registration is accompanied by the statutory declaration of its strength. After this, the trademark applicant can use the trademark whenever he wants. However, he may not use it in the domain name if there is another , trademark of his choice, already in use.