Incorporation

The promoters select a few suitable names in order of preference indicating as far as possible the main object of the proposed company. Then they apply to the Registrar of Companies to ascertain as to which of the names selected by them is available for adaptation by the company. The application form is supplied by the Registrar’s office and a fee of Rs. 10 is payable with the application. After obtaining the approval of a name, the promoters get the Memorandum and Article of Association drafted and printed and gets the same stamped as per the stamp Act. Thereafter they file the following documents with the Registrar office of the company is to be situated:

1.    The Memorandum of Association to which at least seven persons (two persons in the case of a company) have subscribed their names and each one of them has taken at least one share.

2.      The Articles of Association similarly signed.

3.      A statement of nominal capital, and where it exceeds Rs. One core, a Certificate from the Controller of capital Issue permitting the issue of capital.

4.      The agreement, if any, which the company proposes to, enter into with any individual for appointment as its managing or whole-time director or manager.

5.  A statutory declaration by an advocate an attorney, or a secretary or a charted accountant practicing in India engaged in the formation of the company, or by a director or any other officer of the company that all requirement of the Act and Rules the under in respect of registration have been complained with.

6.      A list of directors and their consent to act signed by each.

7.      The address of the registered office.

The registered will scrutinize the document and when satisfied that everything is in order will enter the name of the company on the Registered of companies maintained in his office. He will issue a Certificate of Incorporation, which gives the company legal existence from the date given on it.