Corporate Legal Services

Company Incorporation:

The procedure for incorporation of a company appears confusing to most businesses. This has made way for

various corporate law firms to extend corporate legal services. They also look

after all the tasks linked with incorporation of a company. Also, they

give corporate advisory services to help the clienteles to make a decision as to which class of incorporation applies to the many different types of clienteles. Let us take a look at the many various

types of incorporations as that will assist clienteles make head and tail of

the operation of incorporation.

In plain words, incorporation means to change a clientele into a legal structure

that is accredited by law. After incorporation, a business becomes a distinguished corporate entity. Many

types of companies can get themselves incorporated to reap the benefits of

getting incorporated. Some of the types of the companies that get incorporated

are one person companies, private limited companies, limited liability

partnership, public limited companies, part IX companies, section 25

companies, and foreign companies. The process of incorporation for all of the listed companies is almost the same

except for a few inclusions and exclusions here and there.

Private Limited company:

Private company incorporation needs business to have at least two directors with a paid up capital of

at least one-lakh rupees. In a private limited company, the capital is raised mainly by private

shares or personal deposits. For incorporation of a company as per company law, the petitioner first

needs to submit a minimum of one to six names for the proposed company. The availability of the

nominated names should be checked online and submitted with an application to Registrar of Companies (RoC) in order for the name of the

company to be approved and registered. Assistance is often rendered by the corporate law

firms with the availability of name and also suggestion with regard to the right appropriate

kinds of names that suit the company profile. The next step after registration is for the petitioner to seek for Director Identification Number (DIN). DIN

is allotted to each of the company's directors. Digital signatures applications are also made for

the directors of the company. Other forms such as form 1, form 18 and form 32, are needed to be filed by the petitioner. The certificate of incorporation is issued by the RoC after everything is found in order

and everything gets through.

Public Limited Company:

Shares and public deports are the main source of capital of a public limited company. Public limited

company incorporation requires the business to have a at least three

directors, seven subscribers, and five-lakh rupees minimum paid-up capital.

Incorporation of a public limited company procedure stands the same as it is for a private company with the exception of additional forms such as form 29 and form 20 to be submitted

with the Statement in Lieu of Prospectus. Businesses seek

corporate legal services to avoid mix-up with mandatory and minimum

requirements for company incorporation.

One-Person Company:

There has been a new addition to the Companies Act of 2013, which is the

One-Person Company. This allows the shareholders to get their businesses

incorporated. In One-Person Company, one shareholder is eligible to be the company's director. For a

One-Person company, there are up to fifteen directors allowed. The benefits

of a private limited company are applicable to a One-Person Company.

A minimum paid up capital of one-lakh is needed for the incorporation

of One-person company. The procedure needed by the One-Person Company incorporation just like the

private limited company.

Limited Liability Partnership:

In a limited liability partnership, the name registration is done by submitting form 1 and then the

applicant needs to submit form 2 for incorporation of company. In form 2, the things declared are

partner details and their authorization to act as partners. LLP agreement is made after this under Section 23 of the LLP Act.

Within 30 days, following company incorporation, this has to be filed

through eForm 3 with the registrar.

Part IX Company:

Seven or more members comprise this company and this has been registered under the Companies

Act, 1956, Part IX. Joint stock companies are included in the Part IX companies. In these companies, capital is divided into shares by the

permanent paid up capital. Even here, the same procedure of

private company incorporation is implemented for part IX company, but this include a few additional forms such as form 37 and 39.

Section 25 Company:

Any company listed as a section 25 company is a non-profit

organization. This company advances into things such as

science, arts, charity, etc. In a section 25 company, income is not

distributed among the company members. An eligible non-profit

business has to file form 1A for its name reservation and approval

followed by application for DIN and digital signature certificate DSC,

for incorporation of company. Also, form 24A, 1, 18, and 32 are needed

to be submitted.

Foreign Company:

Submission of form 44 with the digital signature of an

authorized representative is mandatory, if any foreign

company aims to establish its business in India and wants to get itself incorporated. Also,

DSC is a mandatory requirement.

For more info visit http://www.accuprosys.com

Businesses can also get themselves registered under sole

proprietorship, in addition to the companies listed above.

Registration is not needed for, starting up a sole proprietorship

company, but things such as licenses, import export code, etc. are needed and have to be taken

care of.Corporate legal Services

The Ministry of Corporate Affairs website is where all the forms can be obtained from. Also, a step-by-

step procedure is given in the website which describes the

incorporation of the company. All the forms and documents can be

submitted online through the website. It is suggested to get corporate advisory services for

incorporation of a company to get the proposed business

incorporated without any kind of major hurdles.

Accuprosys is one of the best corporate legal service companies in India. The company, based in

Hyderabad, has a good reputation and is going strong since its

establishment.