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CS Mayur Buha (Company Secretary) (238 Points)

12 April 2010

Dear advisers,

Whether can I start a Business in which my main Object is to Incorporate Private/Public Limited Company and sell it out with Goodwill?

If I can, than what formalities I have to do?

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2 Replies

CS Jithesh (ACS,) (COMPANY SECRETARY ) (485 Points)
Replied 12 April 2010

The concept of Goodwill will come only at the time of conversion of a partnership and also during the amalgamation of companies.

Any how I am listing the following procedures for incorporation of a company.

1. Get DIN number for all the persons whome you are planning to appoint as Directors

2. File Form 1A for name availability - you have to choose 6 names which is not similar or in use by th eexisting companies.

3. Once RoC approves teh name Availability, you can prepare draft MoA and AoA, along with Power of Attorney for submission of docs to RoC.

4. Once the AoA and MOa is signed, show the same to RoC for vetting of docs.

5. After corrections you can file Form 1 in which you will attach the scanned copy of MoA and AoA along with PoA and Affidavit.

6. Once you file Form 1 MCA site will ask for filing Form No 18 (Registered office) and Form 32 (Appointment of Directors and Secretary)

7. After filing the same MCA website will provide you the Challan for all the docs filed along with the Stamp Duty requird to file.

8. After filing all docs,RoC wil show the status of the docs filed as approved.

9. Once the same is approved, you will get the Incorporation Certificate from RoC to your registered office address that you have filed in Form 18.

10. Once you get the Incorporation certificate , teh company is formed.

Rgds

CS Jithesh

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CS Mayur Buha (Company Secretary) (238 Points)
Replied 13 April 2010

Originally posted by : CS Jithesh
	The concept of Goodwill will come only at the time of conversion of a partnership and also during the amalgamation of companies. Any how I am listing the following procedures for incorporation of a company. 1. Get DIN number for all the persons whome you are planning to appoint as Directors 2. File Form 1A for name availability - you have to choose 6 names which is not similar or in use by th eexisting companies. 3. Once RoC approves teh name Availability, you can prepare draft MoA and AoA, along with Power of Attorney for submission of docs to RoC. 4. Once the AoA and MOa is signed, show the same to RoC for vetting of docs. 5. After corrections you can file Form 1 in which you will attach the scanned copy of MoA and AoA along with PoA and Affidavit. 6. Once you file Form 1 MCA site will ask for filing Form No 18 (Registered office) and Form 32 (Appointment of Directors and Secretary) 7. After filing the same MCA website will provide you the Challan for all the docs filed along with the Stamp Duty requird to file. 8. After filing all docs,RoC wil show the status of the docs filed as approved. 9. Once the same is approved, you will get the Incorporation Certificate from RoC to your registered office address that you have filed in Form 18. 10. Once you get the Incorporation certificate , teh company is formed. Rgds CS Jithesh

Thank you dear,

But my quary was not the same, I mean, lets get an example suppose I have incorporate a Company for Rs. 30,000/- and than sell it out with Rs. 50,000/- whether this type of Business can I start? if I can than what's the draft main object of the my company.