Corporate legal services - Accuprosys

Corporate Legal Services
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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.
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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.
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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.
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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.
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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.
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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.
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.
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.
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Corporate legal services - Accuprosys

Corporate legal services - Accuprosys

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