May 14, 2013

CA CS ICWA KNOWLEDGE HUB - REGISTER A NEW COMPANY IN INDIA PROCEDURE [INDIAN COMPANY/FOREIGN COMPANY/SECTION 25 COMPANY/PART IX COMPANY]

CA CS ICWA KNOWLEDGE HUB

PROCEDURE TO REGISTER  PART 1X COMPANY

In order to register Part IX Company, applicant is required to file INC-1 for name availability. After approval of the same, applicant is required to file URC-1 along with filing e form INC-7, INC-22 and DIR-12.


PROCEDURE TO REGISTER  SECTION 25 COMPANY


To register a section 25 company, applicant is required to file 
INC-1 for name availability. Once the name is approved/made available, there is a further requirement of obtaining a license for a Section 25 Company, for which Form RD-1 is to be filed in order to obtain a license for such company. After obtaining license number, applicant can proceed further to incorporate a company by filing e form INC-7, INC-22 and DIR-12.

PROCEDURE TO REGISTER  FOREIGN COMPANY

Any foreign company can establish its place of business in India by filling Form FC-1 (Documents delivered for registration by a foreign company). The eForm has to be digitally signed by authorized representative of the foreign company.



There is no need to apply and obtain DIN for Directors of a foreign company but the DSC of the authorized representative is mandatory, which again is not required to be registered on MCA Application


PROCEDURE TO REGISTER  INDIAN COMPANY

Step 1 : Application For DIN

The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections 266A to 266G of Companies (Amendment) Act, 2006. As such, all the existing and intending Directors have to obtain DIN within the prescribed time-frame as notified.
You need to file eForm DIR-3 in order to obtain DIN

Step 2 : Acquire/ Register DSC

The Information Technology Act, 2000 provides for use of Digital Signatures on the documents submitted in electronic form in order to ensure the security and authenticity of the documents filed electronically. This is the only secure and authentic way that a document can be submitted electronically. As such, all filings done by the companies under MCA21 e-Governance programme are required to be filed with the use of Digital Signatures by the person authorised to sign the documents.

Acquire DSC -A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.
Register DSC -Role check for Indian companies is to be implemented in the MCA application. Role check can be performed only after the signatories have registered their Digital signature certificates (DSC) with MCA.
Step 3 : Incorporate a Company Apply for the name of the company to be registered by filing INC-1 for the same. After that depending upon the proposed company type file required incorporation forms listed below.
  • INC-7 : Application or declaration for incorporation of a company (Other Than One Person Company)
  • INC-22 : Notice of situation or change of situation of registered office
  • DIR-12 : Particulars of appointment of managing director, directors, manager and secretary and the changes among them or consent of candidate to act as a managing director or director or manager or secretary of a company and/ or undertaking to take and pay for qualification shares

FORMS DOWNLOAD

1. DIR-3
2. INC-1
4. INC-22
Stamp duty rules for Form INC-7, MoA, AoA


Name of state/ union                               (Amount in Rupees                AC - AUTHORISED CAPITAL) 

territory 

                                                                Form INC-7            MoA                AoA



1.Chandigarh (companies having              3                       500                  1000
share capital other than 
section 25) 

2.Punjab (companies having                    25                    5000               5000 (IF AC = 100000)

share capital other than                                                                         10000(IF AC > 100000)   
section 25) 

3. Haryana (companies having                 15                     60                  60   (IF AC = 100000)

share capital other than                                                                        120 (IF AC > 100000)    
section 25)



4. Himachal Pradesh (companies            3                       60                  60   (IF AC = 100000)
having share capital other than                                                             120 (IF AC > 100000)    
section 25)

5. Jammu and Kashmir (companies       10                    150                 150   (IF AC = 100000)

having share capital other than                                                             300 (IF AC > 100000)    
section 25)

6. Delhi (companies  having                    10                    200                0.15% (OF AC)

   share capital other than                                                                     [i.e 150 for every lakh]  
   section 25)

FOR RATES OF STAMP DUTY OF OTHER STATES CLICK HERE 


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