Online company registration in salem is the process of incorporating a new company / pay firm. Firm online pay firm registration in India can be done for startup, micro or medium business or any for-profit organization. The company is regulated by the Ministry of Corporate Affairs (MCA) in India under the Companies Act, 1956, 2013 and other allied bills, laws and regulations. In addition to the security offered by MCA to the stakeholders in Company Incorporation in India, there are various important services. So it is profitable to register a company before starting any business or making any investment. As there are many types of company registration in India with different types of benefits.
Because of that, a proper type of company registration will help you run your business efficiently and cost effectively. A company can be formed for a variety of industries, whether profitable, unprofitable, micro or medium. The need for a business model determines the type of company registration in India. There are various laws in India that govern such companies. All of these companies are different from each other and have different requirements for the purpose of start-up registration.
Company registration process
Company name application
The applicant has two options to proceed with the company name application for company registration process
Option 1. Get company name approval under RUN application process and file application for company name approval and go for company registration; or
Option 2. File an integrated company registration form. The company name can be reserved through the Spice Incorporation process for company registration process. In case of application of name by form only one name can be submitted for approval. However, if the first applied name is rejected, the application can be submitted 2 more times with alternate names.
Preparation and filing of company incorporation documents with MCA:
The process involving preparation and filing of e-forms flowing in the company incorporation process includes:
- E-Form INC-32 – Easy Proforma for Electronic Company (SPCC) Company
- E-Form INC-33: E-Memorandum Association of Association (Spike MOA)
- E-Form INC-34 Art: E-Articles Association of Association (Spicy AOA)
All the documents executed / notarized / certified as per the documentation requirements should be attached to the e-form INC-32/33/34 and all the proposed digital signature certificate (DSC) along with the e-forms must be digitally signed in company registration process in salem. Shareholders / Representatives.
Registration fee is not payable for all types of companies to file e-form INC-32, if the authorized capital at the time of registration is less than or equal to Rs. 10 lakhs. However, e-Form INC-33 / / for 34 for any form registration and fee for stamp duty is applicable.
Central Processing of e-forms by the Office of the Central Registrar of Companies:
The Central Registration Centre (CRC) processes the application and if the details / documents are arranged in order, the Central Registrar of Companies will do company registration process and provide the following:
Company Inclusion Certificate
DIN for directors.
Permanent Account Number (Page)
Tax collection and deduction number (TAN) to the new company.
Once your business is registered, you must take a few additional steps. You will have to file for GST number. To know more about company registration in bangalore, click here.
Benefits of company incorporation in salem
Legal authority
A company is a legal entity that has a real existence. He is an artificial person created by law, his existence is different from that of his director and shareholders. He is a just person established under the Companies Act. The term “just person” refers to the recognition of an entity as a person by law. He can sue in his own name and be prosecuted. An involved company enjoys its own rights, has its own responsibilities and handles its own legal proceedings. Upon insertion, a company acquires its own personality. It has extensive legal capacity, as a company can own its own property and collect debts, leaving no liability to the company’s creditors for debts incurred by these individual company members.
Permanent succession
When company incorporation is done regular succession means to continue forever or to stay forever, the company is forever. It signifies the continued existence of a corporation or company until it is legally dissolved. Regular succession is an important factor. As stated earlier, it is a separate legal entity that is not affected by the death or departure of any member. No matter what changes; Membership, members, staff, shareholders, anything like this is not able to influence its existence, once included, it abides by the Companies Act.
Limited liability
Limited liability is a legal liability towards a limited amount of debt. The liability of the members with respect to the debts of the company is limited i.e.; is limited to the face value of the shares purchased by them. The exception to this is when, if the members have agreed to an agreement for unlimited liability, the terms and conditions may change. Such companies are called unlimited companies.
Fund raising
Capital is the money needed to create goods and services. A company has two forms of raising capital: equity, which means raising funds through public and debt in the context of a bank and a loan or other type of raising. When a company is involved, it is considered more reliable; so it will be easier to get capital.
The company’s inclusion is required for SEBI and other allied legislation to allow sourcing funds in the form of equity. Moreover, if funds are raised from the public rather than a private group, the company must meet the conditions for a public company and be listed on a recognized stock exchange. Therefore, it promotes a simple way for capital formation and pooling.
Transfer of shares
When Online company registration process is finished shares are considered as movable property and are therefore easily transferred from one person to another. This aspect provides liquidity to the shareholders. Members are in a position to encrypt the stock at any time. In a public limited company, shares can be transferred freely. While in a private limited company, the transfer of shares is not frequent due to regular holding, but is not restricted.