The Companies Act 1956 lays down the
guidelines for the formation and registration of a Company in India. This
Act applies to the whole of India and to all types of Company’s thus making it
an important legislative body governing all registrations and closures.
The start of a company means a lot of
work. It’s like giving birth to a child. It’s an exciting phase with a lot of
anxiety and hope. Every new business requires company registration by law of
the land. One should follow the state law as well when registering a Company.
The offices of the registry of the
records have all the information regarding all the companies registered in
India and the Registrar of Companies has all the authority and responsibility
of registering a company in various states and union territories. It is to be
noted that all the companies registered have to comply with all the statutory
compliances falling under this Company Act.
Some points should be kept in mind
when getting registering for the new business is done.
Legal advice:
The first and foremost important step
is to ensure that the legal angle is taken care of. One should get the Director
Identification Number for the business. Then is the chance of Company
registration and then submitting the necessary documents to the government.
Some basic documents are mandatory for company registration like, address
proof, PAN card, photographs.
One should remember to select at
least four suitable names for the new company. It should not be a copied one
and should not violate the copyrights and patents.
Once the name is approved by the
Registrar of companies, one can move ahead for company registration.
The Memorandum of Association and
Articles of Association are legal documents which should be drafted by legal
experts, different opinions sought and finally printed.
The application for registering a
company has to be forwarded to the Registrar of Companies and should be
accompanied with names, Memorandum of Association and Articles of Association
besides other requisite documents.This has to be filed with theRegistrar of
companies of the state where the company is being set up.
Under the Companies Act 1956, one can
form two types of Companies, Private Company or a public company
and get them registered as per the procedures laid down in the statute of the
Companies Act.
Once the company is registered, one can patent a
product or get a copyright to protect your company.
The first and foremost important step is to ensure that the legal angle is taken care of. One should get the Director Identification Number for the business. Then is the chance of Company registration and then submitting the necessary documents to the government.
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