1. What is a Company?
A company is a legal entity registered under the Indian Companies
Act 1956 and it is legally distinct from the directors or share
2. What is a Private Company?
A Private Company is a company registered as a private company
under the Indian Companies Act, 1956 with a minimum of 2 members
and 2 Directors. The maximum number of members in a private
company is restricted to fifty.
3. What is a Public Company?
A Public Company is a company registered as a Public company
under the Indian Companies Act, 1956 with a minimum of 7 members and 3 directors. However there is no
restriction on maximum number of members.
4. What does the word Limited indicate?
The word Limited in the of the company indicates that
Liability of the members of the company is limited to the extent
of their shareholding in the company. The shareholders of the
company will not be personally held liable for the liabilities of
5. How to select a name for the company?
The name of a Private and Public Company shall end with the words
"Private Limited" or "Limited" as the case may be.
6. What are the guidelines for the selection of the name for a
As per the Guidelines of the Ministry of Corporate Affairs, the
company should have certain levels of Authorised Capital to
include certain words in the name of the company. They are as
1 Corporation 5 Crores
2 International, Globe, Universal, Continental,
Inter-Continental, Asiatic, Asia being the first word of the name
3 If any of the key words at 2 above is used within the name
(with or without brackets) 50 lakhs
4 Hindustan, India, Bharat Asia being the first word of the name
5 If any of the key words at 4 above is used within the name
(with or without brackets) 5 Lakhs
6 Industries / Udyog 1 Crore
7 Enterprises, products, Business, Manufacturing 10 lakhs
The name should also indicate the nature of the business of
the company in brief.
7. What is the Authorized Capital of the company?
The Authorised Capital of a company is the upper limit of the
share capital authorised by its memorandum of the company.
8. What is the minimum Authorised Capital required for a
Private companies should have a Minimum Capital of Rs.1 Lakh and
a Public Company should have Minimum Capital of Rs.5 Lakh for
8. What is the MOA?
MOA is the Memorandum of Association, by which a company is
registered. It contains name of the company, state in which the
registered office of the company is situated, objects of the
company, capital and subscribers/ promoters/ first shareholders
of the company.
9. What is the AOA?
AOA is the Articles of Association of the company. This document
defines the bylaws of the company.
10. What is the registered office of the company?
The registered address of a company is called registered office.
A Company has to file notice of registered office in Form 18.
11. What is CIN?
CIN means Corporate Identification Number to identify a company
in MCA web site.
12. Forms to be filed with MCA?
Company Law prescribes filing of forms based on some events,
period in a company.
These forms are electronic forms.
Form 1A is the name application form. Incorporation of a company
starts with filing of name application. Registrar of Companies,
verify the name application and confirm the availability based on
the name approval guidelines.
Form 1 is the statutory declaration to be filed at the time of
incorporation of a company. This form accompanies, MOA &
Form 32 is the return of appointment/ cessation of
Directors/Secretary of the company.
This form is filed at the time of registration/ change.
Form 18 is the notice of situation of registered office. This
form is filed at the time of registration/ change of address.
13. What is registration Fee?
The Fees payable for registration of a company is registration
fees. These fees will vary on the basis of authorized
14. What is Certificate of Incorporation?
Certificate of Incorporation is a certificate issued by the
Registrar of Companies upon registration after being satisfied
with the documents for company formation filed by the
15. What is Certificate for commencement of Business?
This certificate is applicable to public companies. Before
commencing operation, every public company has to file Statement
of Lieu of Prostrates and obtain Certificate for commencement of
16. What is Statutory Meeting?
Every public company need to convene a meeting of shareholders
with in 6 months from the date of registration.
17. What is AGM an EGM?
AGM is Annual General Meeting. Every company is required to
convene a meeting of shareholders in each year. EGM is Extra
Ordinary General Meeting of shareholders of a company. EGM may be
convened for taking some emergency decisions from shareholders of
18. What is a common seal?
Company is a legal person and company can not sign any document
like a natural person. Company is executing documents through an
impression seal and the same is called common seal.
20. What is Share Certificate?
Share Certificate is a certificate issued to a share holder for
evidencing his share holding in a company.
21. What are the documents/information to be submitted to you
for registering a company?
We need the following documents to register a company on your
1. Four alternative names for the company.
2. Name, Date of birth, Fathers name, occupation and full address
of each promoter director.
3. Name, Fathers name, occupation and full address of each
promoter share holder.
4. Address proof and identity proof.
5. Main objects of the company.
6. Four pass port size photo of each promoter director.
7. Registration Fees, Stamp charges and our professional
8. Proposed Authorised Share Capital of the company.
9. Name of the person to be designated as the Managing Director
for the proposed company.
10. Any other specific clauses to be included in the MOA or