INC. Authorize Company in India: Details and Overview

An INC. Authorize Company service facilitates the incorporation of companies in compliance with the Companies Act, 2013, regulated by the Ministry of Corporate Affairs (MCA). This service is essential for entrepreneurs and organizations looking to establish a legal entity with authorized share capital and defined business objectives.

Key Features of Incorporating a Company:

1. Legal Recognition:

   • Provides a distinct legal identity to the business separate from its owners.

2. Limited Liability:

   • Protects the personal assets of shareholders from business liabilities.

3. Capital Structure:

   • Authorizes the amount of share capital a company can issue to shareholders.

4. Ease of Business:

   • Offers credibility and simplifies access to funding and partnerships.

Types of Companies That Can Be Incorporated:

1. Private Limited Company:

   • Ideal for startups and small businesses with limited shareholders.

2. Public Limited Company:

   • Suitable for large organizations planning to raise capital from the public.

3. One Person Company (OPC):

   • Designed for single entrepreneurs seeking limited liability.

4. Section 8 Company:

   • For non-profits and charitable organizations.

5. Limited Liability Partnership (LLP):

   • Combines the benefits of a company and a partnership firm.

Documents Required for Company Incorporation:

1. Identity Proof:

   • PAN card, Aadhaar card, or passport of directors and shareholders.

2. Address Proof:

   • Utility bills or rental agreements for the registered office.

3. Digital Signature Certificate (DSC):

   • For filing electronic documents with the MCA.

4. Director Identification Number (DIN):

   • A unique identification number for directors.

5. Memorandum of Association (MOA):

   • Outlines the company's objectives and scope of activities.

6. Articles of Association (AOA):

   • Governs the company's internal operations and management.

Procedure for Company Incorporation:

1. Name Approval:

   • Submit name choices to the MCA through the RUN (Reserve Unique Name) form.

2. Prepare Documents:

   • Draft and notarize MOA and AOA, and gather other necessary documents.

3. Filing Application:

   • File SPICe+ (Simplified Proforma for Incorporating Company Electronically) form with the MCA.

4. Verification and Approval:

   • The Registrar of Companies (ROC) reviews the application and issues the Certificate of Incorporation (COI).

5. Post-Incorporation Compliance:

   • PAN, TAN, and GST registrations, and opening a company bank account.

Benefits of Incorporating a Company:

• Attracts investors and funding.
• Provides a professional image and credibility.
• Facilitates perpetual succession and easy transfer of ownership.

How We Can Help:

We offer expert assistance in incorporating companies, ensuring hassle-free compliance with all legal requirements. From document preparation to filing applications, our services simplify the process of establishing a legal entity in India.