company formation process

Company Registration Process

Company Formation Process

Forming a Company in India

Incorporation of a company can take between 7 to 10 days, but in many cases we see that due to a lack of understanding of the process and technical errors which could easily be avoided, incorporation of a Company in India has taken even more than a month.

There is also a possibility of the name and registration getting rejected if not done in the right way.

Here in VRCO, we offer our help and service to make this process as easy as possible and also make it exciting for you.

http://www.vramaratnam.com

Forming a Company in India

Capturing information at source in a single shot in the right way is a critical requirement to minimize time, for which we have questionnaires and a person dedicated to walk you through the process.

This helps to minimize the mistakes that could delay the process.


Prerequisites For Registration

Digital signature

Director identification number

Proposed name of the company ( give 2 options)

Clarity regarding the objectives of the Company

Proposed capital

Necessary documentations depending on the type of company being incorporated and the number of directors. This should be received in time.


Prerequisites For Registration

Additional requirements in case of foreign directors.

Though the above lists sounds tedious and technical, once the process is understood, it becomes easy. Please refer to our table below in this regard.


Key Requirements To Incorporate A Company Within 7 Business Days

All the Documents related to the proposed Director/Promoter and registered office should be collected as per the incorporation rules/forms.

The proposed NAME should be unique.

It should not be vagueIt should not reflect the name of the existing company/ name registered with the Trade Mark.


Key Requirements To Incorporate A Company Within 7 Business Days

MOA should NOT contain

more than 3 paragraphs in the main object.Subscription Sheet and other supporting documents should be dated and duly signed in the required place.


Steps for Company Formation

Signed documents should be collected from the client on time.

ATTACHMENT required in each form should be scanned legibly.

Forms should be submitted as per the INCORPORATION RULES.

Forms should be filed with the department during the business hours and the filing fee should be made subsequently.

Documents should be filed during the week days and Saturday and Sunday should not be taken into account.


Forms and Time Duration For Incorporation Process

http://www.vramaratnam.comS.NO.PROCESSFORMSPROCESS DURATIONACTUAL DURATIONREMARKS1Digital SignatureDSC FORM11DSC:This can be obtained within 5 hours from the time of document submission, if we request them to do. DIN:DIN can be obtained as soon as we make the payment . 2Director Identification Number (DIN)DIR - 33Name AvailabilityINC - 121Even though the maximum duration for approval given in MCA is 2 days, sometime it may take additional time due to task on hand by the department concerned. 4IncorporationINC - 775Even though the maximum process days are 7 business days, it may take further time due to work pressure by the department concerned.INC -22DIR - 12Total business days for Incorporation107

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