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Company Incorporation And Formation In India

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The process of company incorporation in India is regulated by the CompaniesAct, 1956. The act states down the rules and regulation to be followed forestablishing both private and public companies in India. Corporate lawyers India can be very helpful in this regard andprovide valuable insights to the entire process of company formation in India. Topcorporate law firms, Indiaare ready to take through the step by step process of company formation. Thestep includes approval of the proposed name by the registrar of companies.

will help in fulfillment of various conditions governing theregistration of proposed name. On the other hand a foreign company looking toopen its branches in Indiahas to get the permission of Reserve bank of India. Corporate services of a lawfirm in Delhi India can be looked out for in suchcases.

Corporate law Indiamakes it mandatory to furnish the memorandum and article of association to theregistrar. Under the guidance of various forms can be filled and duly signed. After the registrar scrutinizessuch documents and is assured that all the formalities have been complied with,a certificate of incorporation is provided to the company.

The memorandum of association has to be signed by the promoters ofthe company and in case such promoters are from outside India, thesignatures have to be made in presence of Consul of India. On receipt of the certificateof incorporation a private company can commence its business operationsimmediately while a public company has to invite application for subscriptionto its share capital. This has to be followed by issue of a prospectusproviding information regarding the company. General makesit mandatory to publish a prospectus for inviting subscription of sharecapital. After filing in the statement in lieu of prospectus the company willbe provided with a certificate of commencement. This is a proof that all theformalities have been compiled with and the company can commence itsoperations.

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