Trademarksinn.com:We are Company Registration Consultants in Chitradurga
The Companies Act of 1956 sets down rules for the establishment of both public and private companies. The most commonly used corporate form is the limited company, unlimited companies being relatively uncommon. A company is formed by registering the Memorandum and Articles of Association with the State Registrar of Companies of the state in which the main office is to be located.
Registering a startup or a new business in India first and foremost one has to go by, there are some official procedures a startup or a company has to follow in order to register them in Indian official records, MCA (ministry of Corporate Affairs) has to made registration process online few years back, please find below on how to go about these process when you want to register your company.
One don't need to visit corporate office, you can apply for registration just sitting at home. We will help you to get a legal license for your business. The registration includes some must follow rules and some registration like Digital Signature Certificate(DSC), Director Identity Number(DIN) and filing for an eform.
When it comes to company registration, Every firm will have following two options:
1. Private company
2. Public company:
What is a company registration document?
The company registration document is a written statement from the Government in your country which confirms that the company legally exists.
Advantages of Company
The Advantages of Having a Company Form of Business Organization
A Private/Public limited company has many advantages over proprietorships and partnerships, as elaborated below.
1. Limited Liability
2. Legal Entity/Status or Recognition
3. Perpetual Succession
4. Project Cost and Risk Factors
5. Easy Transferability
6. Dual Relationship
7. Borrowing Capacity
9. Raising Money from Public
Company Registration Number
The Number that describes the type of company means its nature of business, deals in, form of company and many more where it also constitutes the registration number. It plays a vital in the competitive corporate sector where every day numbers of companies have been registered under the New Companies Act 2013 this number named company registration number depicts the status of company with its relative attributes.
The company registration number is also known by CIN number that means identification number that used to identify the company in respect of its type, year of incorporation, state of registration, type of industry, registration numbers and many more. Company registration number is a kind of code that's an amalgamation of several kinds of company's attributes.
Company Registration Number Format
Company registration number is of 21 digits that comprised of :
a). 1st digit : The first digit out of 21 symbolic with L or U for listed or unlisted company.
b). Next 5 digits : The next five digits show the industry to which company belongs to. From these five digits one can easily learn about the type of company deals in.
c). Next 2 digits : The next two digits depict the state to which the company has been registered. It is the state code that tag with the company after getting registration; like DL for Delhi, MH for Maharashtra, UP for Uttar Pradesh and so on.
d). Next 4 digits : The next four digits depicts the year when the company is being incorporated. It is the year of incorporation when the respective company is formed under the New Companies Act 2013 India.
e). Next 3 digit : From these 3 digits one can easily known whether the company is Public limited company PLC or Private limited company that is PTC whereas is case of branch office of foreign company is depicted by FTC.
f). Last 6 digits : These six digits is of ROC number issued by ROC during the registration of company.