Company Registration Coimbatore

Company Registration Coimbatore

In the company form of organization it is possible for a company to make a valid effective contract with any of its shareholders/directors. It is also possible for a person to be in control of a company and at the same time be in its employment. Thus, a person can at the same time be a shareholder, director, creditor and employee of the company.
For e.g.:


As a director he can receive remuneration.
As a shareholder he can receive dividend.
As a lessor he can receive lease rent.
As a creditor he can lend money and earn interest.
As a supplier he can supply goods from his/his family business.

COMPANY REGISTRATION COIMBATORE

COMPANY REGISTRATION COIMBATORE

As a sole trader or partnership business, personal assets of the proprietor or partners can be at risk in the event of a failure of the business, but this is not the case for a Company. The unfortunate events like business failures are not always under an entrepreneur's control; hence it is pivotal to secure the personal assets of the businessman in the event of crises.

Unlike proprietorship and partnership, if a Company becomes insolvent and is wound up, only the assets of the company are used to clear its debts. The Directors or Shareholders of the company have no personal liabilities and are not made bankrupt and are free to carry on business

COMPANY REGISTRATION COIMBATORE

COMPANY REGISTRATION

        We provide the service of private limited company registration, LLP registration, OPC registration

 Procedure for Incorporation of Private Limited Company Having a Share Capital

1.      The company must have a minimum paid-up capital of one lakh rupees or such higher paid-        up capital as may be prescribed.

2.      There must be at least two subscribers in place of seven.

3.      Registration of the articles of association with the company is compulsory. The provisions of Section 3(1) (iii) of the Companies Act, 1956 should, however be included while drawing up the memorandum and articles of association of a private limited company.

Selection of Name of the Company and Getting Name Availability from ROC

COMPANY REGISTRATION COIMBATORE

COMPANY REGISTRATION COIMBATORE

             The name made available by the Registrar remains Available for a period of six months therefore the promoters have to submit the required documents forms and other information to the registrar of companies within this period for registration of the company. However before getting the memorandum and articles printed it is advisable to have their drafts vetted by the concerned registrar of companies to avoid unnecessary expenditure of time and money in getting them printed and reprinted after incorporating modifications etc. that may be suggested by the registrar.

A public limited company need not necessarily prepare and get its articles of association registered along with its memorandum of association. In such a case table A of schedule 1 to the companies Act 1956 shall apply. However as a matter of practice every company gets the articles prepared to suit its individual requirements and registered along with the memorandum of association.