Talk:Bannari Amman Institute of Technology

Initial step for starting business - Company Incorporation

Now a day’s India is in top list in all the sectors, and all the companies want to start business operations and get them register in India because they know there is a huge growth and business opportunities in India. Company Registration in India is a simple process. For, Company Incorporation in India Accounting Forte have to understand the types of companies operating in India. Basically there are two types of Companies – Private Company, Public Company. For Private Company at least 2 members are needed and for Public Companies the figure will rose to 3. Paid up share capital for private co. is 1lac and 5lac in case of public companies. Before starting incorporation procedure every prospective director should hold PAN card and DIN (director identification no.)

For Din Accounting Forte have to file DIN 1 on www.mca.gov.in and with this form there is a need of Digital Sign signature Certificate of each Director / Promoter. After that Apply for the name availability of the proposed company to ROC. For name approval Accounting Forte have to file form 1A to ROC which includes the option to write six names on priority basis. Before filing form 1A, Name availability Guidelines should be understand as issued by ministry of corporate affairs. If ROC finds the name proposed in form 1A is not as per the guidelines then ROC may reject the form with reasons for rejection. Accounting Forte have only 2 chances for filing Form 1A and still if Accounting Forte do not get the name approval then again Accounting Forte have pay the fees to ROC for further filing of Form 1A. After approval of name the company can incorporate within 6 months otherwise you can renew the name by paying the required fees.

After getting the name the following documents are needed.
1. Memorandum of Association
2. Article of Association
3. Letter of authority
4. Form 32 for the Director
5. Form 18 for registered office address
6. Registration fees for Company incorporation in India

Some other important points about Indian company that Accounting Forte need to understand are:
- In Indian company any person can be the director either Indian or foreigner.
- Any individual/company can be the shareholder of Indian company whether Indian or foreigner.
- Minimum four meetings of Board of Director in one year. It is held anywhere in the world.
- Registration fees and stamp duty is depends upon the authorized capital of the proposed company.

Now days if foreign company wants to start our business in India. Accounting Forte have a well organized team and experts who help you to Company Formation in India and make your all work easy. Accounting Forte have a great team of chartered accountants with associates in different cities in India who always assist you in all types of your business work. Before incorporating foreign company RBI( Reserve Bank of India) approval is mandate in order to subscribe share capital. Secondly, Non-objection certificate (NOC) should be taken from the parent company. Moreover, the rest process for Company incorporation is same as Accounting Forte mentioned above.

Now days if foreign company wants to start our business in India. Accounting Forte have a well organized team and experts who help you to company formation in India and make your all work easy. for more information on Company Registration in India, Company Incorporation and company formation in india. Just visit our links. — Preceding unsigned comment added by 111.91.228.174 (talk) 12:12, 7 June 2013 (UTC)