Procedure Of Company Incorporation Of A Company

1484 Words Sep 8th, 2015 6 Pages
PROCEDURE OF COMPANY INCORPORATION

The company incorporation is carried out in following two steps:
Step 1 - Name approval

Submission of application for name availability
• An application is required to be submitted online in Form No. 1A to RoC to ascertain the availability of the name along with filing fee of Rs. 500.
• The application should mention at least four names upto a maximum of six 6 names, in order of preference. It is at the discretion of the RoC which of these four they choose to allot. It may be noted that the RoC usually insists that the name of any Indian company should be reflective of the main activities carried on by it.
• The significance and use of the word ‘(Brand name)’ should be justified.
• Board resolution should be passed by the promoter companies considering following matters:
 incorporation of a company in India.
 allowing the usage of “Brand name” in the name of Indian company (this will be required to be stated in the board resolution of the promoter company whose name is proposed to be used in the Indian company).
 authorization of an individual (representative of Promoter Company) to:
 sign all documents and to do all acts necessary for the incorporation;
 for subscribing to the Memorandum and Articles of Association of the proposed Indian Company; and
 sign and execute a Power of Attorney for & on behalf of the company.
• Power of Attorney should be executed to act as an authorized representative on behalf of promoters (this would…
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