Company registration in India is regulated by the Companies Act, 1956 and is administered by the Ministry of Corporate Affairs (MCA – www.mca.gov.in) through the Offices of Registrar of Companies (ROC) in each State. This act regulates two types of companies in India: Private and Public Companies. The company registration process starts with filing of name application with the ROC. Once, the name is allotted, company registration 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. This company registration process can be simplified with Helpline Groups assistance. We can assist you to register companies anywhere in India at an attractive cost.
The private Limited company is the type of company whose ownership is private. As a result, it does not need to meet the strict Securities and Exchange Commission filing requirements of public companies. This relates goes to say that a private company, in addition to the earlier conditions, shall have a minimum paid-up share capital of Rupees One Lakh or such higher capital as may be prescribed and its Articles shall prohibit invitation or acceptance of deposits from persons other than its members, directors or their relatives. In case of such companies, public interest is not involved.
Formation of a public limited company requires a minimum of three directors are required.