Form 1a
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2012
After uploading of form 1A for the application of co name ,what is the step s or procedure or communication is there for the finalization of co name?
AFTER signing the doc through digital signature,can it can edit or addition information can be entered?
if want to enter what is the procedure?
what is the next procedure of MOA OR AOA?
AFTER signing the doc through digital signature,can it can edit or addition information can be entered?
if want to enter what is the procedure?
what is the next procedure of MOA OR AOA?
04 August 2012
How to Form a Company in India
The following steps are required to form a company (private or public) in India.
• Get ‘name availability’ from Registrar of Companies (ROC).
• Draft and execute Memorandum & Articles of Association and other documents.
• Pay duties and fees
• File Memorandum & Articles of Association and other documents with ROC
• Represent with ROC for any reservations or comments he may have
• Procure incorporation certificate from ROC.
• Subscribe to the agreed share capital of the company
• Obtain commencement certificate (for public companies)
How to get Name Availability
Company law requires that the name of each company should be unique. As such, the proposed name of the company to be formed has to be approved by the Registrar of Companies and blocked till registration. The following is the process to get availability of name.
1. Promoters have to file an application in Form 1A giving the following particulars: Names and addresses of promoters
• Proposed name of the company
• Alternative names of the proposed company. This is required if the proposed name is not available.
• Type of company - Private or Public
• Brief objects of the company
• Proposed Directors and their addresses
• Proposed address of the company
• Authorised Share Capital (Authorised capital is the one upto which company can issue shares. The paid up capital can be lower than this).
• Details of Group companies, if any
• Details of fees paid for name availability
• Note about significance of the proposed name. This is because regulations have some criteria based on which names are to be allowed.
1. A fee of INR 500 is to be paid along with the application.
2. Typically it takes 4 working days for the ROC to confirm availability of name/s. There may happen iteration with the ROC to get the desired name.
3. If the proposed names are not approved, more alternative names have to suggested.
4. On approval of name, the Registrar will issue a name allotment letter and will block the name.
Memorandum & Articles of Association – Facts to Remember
The following are some critical facts to remember in executing M&A of A.
1. The promoters in their own handwriting have to give the following details in the Memorandum and Articles of association of the company:
• Name
• Occupation
• Father’s/husband’s name
• Complete Address
Number of Shares subscribed
The Memorandum and Articles have to be signed by all the promoters and witnessed. The person/s witnessing has/have to give the following details in their own handwriting:
• Name
• Occupation
• Father’s/husband’s name
• Complete Address
Signing outside India
In case the Memorandum and Articles is to be signed by any of the promoters out side India, then the signing should be done in the presence of Consul of India at the Indian Consulate.
Share Capital
The minimum authorised share capital for incorporating a Private Limited company is
INR 100,000.
The minimum authorised share capital for incorporating a Public Limited company is
INR 500,000.
Number of Promoters
For incorporating a Private Limited Company a minimum of two promoters are required. For incorporating a Public Limited Company a minimum of seven promoters are required.
Number of Directors
For incorporating a Private Limited Company a minimum of two directors are required. For incorporating a Public Limited Company a minimum of three directors are required.
Fee Structure
The following is the fees required to be paid to the ROC for incorporation of the company.
Authorised Capital Incremental capital Fee / incremental fee (INR)
Upto INR 100,000 4,000
From INR 100,000 to INR
500,000 For every INR 10,000 @ 300
From INR 500,000 to INR
5,000,000 For every INR 10,000 @ 200
From INR 5,000,000 to INR
10,000,000 For every INR 10,000 @ 100
Over INR 10,000,000 For every INR 10,000 @ 50
Commencement of Business
A commencement of business certificate has to be obtained from the ROC in case of Public
Limited Companies before any business activity can be taken up.
Information Required for Name Approval
The following information is required for seeking name approval.
1. Name of the applicant which should be one of the promoters
2. Address of the applicant - this is where all communication will be sent by Registrar of Companies (ROC)
3. Proposed name of the company Alternative names
4. Significance of the first word of the proposed name. This makes it easier to get a desired name.
5. Names of the proposed first directors – minimum 2 in the case of a private company and in the case of a public company
6. Addresses, dates of birth, father’s/husband’s names of the proposed directors
7. Authorised Share Capital – minimum INR 100000 in the case of a private limited and INR 500000 in the case of a public company
8. Objects of the company in brief.
9. Address of Registered office of the proposed company. If a place is not finalized, this information can be given at the time of incorporation.
10. Application fee for approval of name of INR 500 has to be remitted in cash.
The following steps are required to form a company (private or public) in India.
• Get ‘name availability’ from Registrar of Companies (ROC).
• Draft and execute Memorandum & Articles of Association and other documents.
• Pay duties and fees
• File Memorandum & Articles of Association and other documents with ROC
• Represent with ROC for any reservations or comments he may have
• Procure incorporation certificate from ROC.
• Subscribe to the agreed share capital of the company
• Obtain commencement certificate (for public companies)
How to get Name Availability
Company law requires that the name of each company should be unique. As such, the proposed name of the company to be formed has to be approved by the Registrar of Companies and blocked till registration. The following is the process to get availability of name.
1. Promoters have to file an application in Form 1A giving the following particulars: Names and addresses of promoters
• Proposed name of the company
• Alternative names of the proposed company. This is required if the proposed name is not available.
• Type of company - Private or Public
• Brief objects of the company
• Proposed Directors and their addresses
• Proposed address of the company
• Authorised Share Capital (Authorised capital is the one upto which company can issue shares. The paid up capital can be lower than this).
• Details of Group companies, if any
• Details of fees paid for name availability
• Note about significance of the proposed name. This is because regulations have some criteria based on which names are to be allowed.
1. A fee of INR 500 is to be paid along with the application.
2. Typically it takes 4 working days for the ROC to confirm availability of name/s. There may happen iteration with the ROC to get the desired name.
3. If the proposed names are not approved, more alternative names have to suggested.
4. On approval of name, the Registrar will issue a name allotment letter and will block the name.
Memorandum & Articles of Association – Facts to Remember
The following are some critical facts to remember in executing M&A of A.
1. The promoters in their own handwriting have to give the following details in the Memorandum and Articles of association of the company:
• Name
• Occupation
• Father’s/husband’s name
• Complete Address
Number of Shares subscribed
The Memorandum and Articles have to be signed by all the promoters and witnessed. The person/s witnessing has/have to give the following details in their own handwriting:
• Name
• Occupation
• Father’s/husband’s name
• Complete Address
Signing outside India
In case the Memorandum and Articles is to be signed by any of the promoters out side India, then the signing should be done in the presence of Consul of India at the Indian Consulate.
Share Capital
The minimum authorised share capital for incorporating a Private Limited company is
INR 100,000.
The minimum authorised share capital for incorporating a Public Limited company is
INR 500,000.
Number of Promoters
For incorporating a Private Limited Company a minimum of two promoters are required. For incorporating a Public Limited Company a minimum of seven promoters are required.
Number of Directors
For incorporating a Private Limited Company a minimum of two directors are required. For incorporating a Public Limited Company a minimum of three directors are required.
Fee Structure
The following is the fees required to be paid to the ROC for incorporation of the company.
Authorised Capital Incremental capital Fee / incremental fee (INR)
Upto INR 100,000 4,000
From INR 100,000 to INR
500,000 For every INR 10,000 @ 300
From INR 500,000 to INR
5,000,000 For every INR 10,000 @ 200
From INR 5,000,000 to INR
10,000,000 For every INR 10,000 @ 100
Over INR 10,000,000 For every INR 10,000 @ 50
Commencement of Business
A commencement of business certificate has to be obtained from the ROC in case of Public
Limited Companies before any business activity can be taken up.
Information Required for Name Approval
The following information is required for seeking name approval.
1. Name of the applicant which should be one of the promoters
2. Address of the applicant - this is where all communication will be sent by Registrar of Companies (ROC)
3. Proposed name of the company Alternative names
4. Significance of the first word of the proposed name. This makes it easier to get a desired name.
5. Names of the proposed first directors – minimum 2 in the case of a private company and in the case of a public company
6. Addresses, dates of birth, father’s/husband’s names of the proposed directors
7. Authorised Share Capital – minimum INR 100000 in the case of a private limited and INR 500000 in the case of a public company
8. Objects of the company in brief.
9. Address of Registered office of the proposed company. If a place is not finalized, this information can be given at the time of incorporation.
10. Application fee for approval of name of INR 500 has to be remitted in cash.
04 August 2012
in addition to the above for more detail u can visit the following link
http://mca.gov.in/MCA21/RegisterNewComp.html
http://mca.gov.in/MCA21/RegisterNewComp.html
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2012
what is the criteria of email mentioning in the Form 1A.
Is same email id can be put in every forms of private ltd.?
or there is some condition that once the email is entered in the form 1A can not be used in any future forms which r uploading on the ROC site?
is it correct?
or what is the right?
or suggest name or guidance what minute care should be taken while filing the forms which is relating to filing application for the name approval to ROC & after Name approval ,what are the doc is uploaded on the ROC site & again what care to take while filing the name?
Is same email id can be put in every forms of private ltd.?
or there is some condition that once the email is entered in the form 1A can not be used in any future forms which r uploading on the ROC site?
is it correct?
or what is the right?
or suggest name or guidance what minute care should be taken while filing the forms which is relating to filing application for the name approval to ROC & after Name approval ,what are the doc is uploaded on the ROC site & again what care to take while filing the name?
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