CompaniesInn - A Complete Soultion for Company Registration in India

CompaniesInn provides comprehensive Company Registration services and Corporate Law Compliance services. Our specialized team of Company Secretaries, Chartered Accountants and Corporate Lawyers ensure that the services are at utmost standards.

Our website provides step by step information to residents and non residents who wish to setup a company in India or a LLP in India to run their business operations. We have designed ready made packages for your convenience.

1.What is a Company

Company is an association of persons registered under the Companies Act 1956. It has a legal personality separate from the persons who own or manage it.

2. What are different types of Companies

The following are the types of companies that can be registered in India
a. Private Limited Company
b. Public Limited Company
c. Unlimited Liability Company
d. Non profit Organisations (Generally known as Sec.25 Companies)

3. What is a Private Limited Company

Private Limited Company is formed with minimum of 2 members and 2 Directors. Maximum number of members in a private company is restricted to 50. The name of the company shall end with the words 'Private Limited'.

4. What is a Public Limited Company

Public Limited Company is formed with minimum of 7 members and 3 Directors. There is no restriction on maximum number of members. The name of the company shall end with the word 'Limited'.

5. What is a Non profit Organizations (Generally known as Sec.25 Companies)

Sec.25 Company is formed for the purpose of promoting commerce, art, science, religion, charity or any other useful objects and not with the object of making profit. Registration of such companies require prior permission from the Central Government and the words 'Private Limited' or 'Limited' can be dispensed from the name.

6. What is a Foreign Company

Foreign Company is a company registered outside India, under a foreign law other than Indian law.

7. What is a Branch Office / Liaison office of a Foreign Company

A Foreign Company can open a Branch / Liaison office in India subject to the approval of Reserve Bank of India (RBI). Up on receipt of approval from RBI, the Branch / Liaison office has to be registered with the office of Registrar of Companies New Delhi by filing necessary documents.

8. What is a Limited Liability

Limited liability means liability of a member in a company is limited to the extent of their shareholding in the company. The shareholders of the company are not personally liable for the liabilities of the company and his liability is limited to the unpaid amount on shares registered in his name.

9. What is a Name of the company

The name of the company shall be unique for registration. The name of a Private / Public Company shall end with the words "Private Limited" or "Limited" respectively. The name of the company shall comply with the Guidelines for Name Availability as prescribed by the Ministry of Corporate Affairs.

10. What is Objects / Activities of the Company

A company is promoted to carry out particular activity(ies). These activates are otherwise called as objects of the company. The Main objects of the company for which the company is registered should be detailed in the Memorandum of Association of the Company.

11. What is a Capital of the Company

Capital of a company is the contribution by shareholders towards the corpus of the company. The Capital of the company is divided in to smaller units of shares.

12. What is a Authorised Capital / Registered Capital

Authorised Capital (Registered Capital) of a company is the upper ceiling limit of capital which a company can issue shares and collect money from the shareholders. Authorised Capital of a company can be enhanced by a Resolution at a meeting of Shareholders.

13. What is a Issued Capital

Issued Capital is the portion of Authorised Capital that the company has issued shares to the shareholders of the company.

14. What is a Called up Capital

Called up capital is the portion of Issued Capital that the shareholders are requested to pay to the company.

15. What is a Paid Up capital of the company

Paid up capital is the portion of Called up capital that is paid by the shareholders to the company.

16. What is a Minimum Capital of the company

Private Companies should have Minimum Capital of Rs.1 Lakh and Public Company should have Minimum Capital of Rs.5 Lakhs for registration.

17. What is a Digital Signature

Digital Signature is a legally recognized method of signing documents electronically. A digital signature is a type of asymmetric cryptography used to simulate the security properties of a handwritten signature on paper. Digital signature schemes normally give two algorithms, one for signing which involves the user's secret or private key, and one for verifying signatures which involves the user's public key. The output of the signature process is called the "Digital Signature".

18. What is a Directors Identification Number (DIN)

Directors Identification Number or DIN is an identification number issued by the Ministry of Corporate Affairs to a director or a prospective director of a company. For obtaining a DIN, an online application has to be made to the Ministry of Corporate Affairs and the documents supporting Identity / Address Proof has to be submitted to their office. On verification of the documents, MCA will allot the DIN.

19. What is a Registration of Digital Signature / Role Check

The Digital Signature of a person has to be registered against the DIN with the MCA. Registration of DIN with MCA is a prerequisite for accepting the forms signed with the Digital Signature. Role Check is being done to map the DSC with the respective DIN.