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.