TYPES OF COMPANY REGISTRATION IN INDIA
TEAM TRIJURIS

TYPES OF COMPANY REGISTRATION IN INDIA | COMPANY REGISTRATION TYPES IN INDIA

In present blog, we will go through different types of company registration in India or company registration types in India in detailed manner.

INTRODUCTION

In India, the word company registration is also known as the Incorporation of a Company or business establishment. The Act of registering a business gives it legal status and distinguishes it from other businesses. The Ministry of Corporate Affairs (“MCA”) oversees the company registration process in India. It is critical to choose your business form carefully because it will affect your income tax returns. When registering a business, the business structure must be recognized, as well as the many degrees of compliance that must be met. A corporation, on the other hand, is required to file an income tax return as well as annual returns with the Registrar of corporations. The Indian legal system permits many sorts of businesses to operate under various company registrations.

For more information, please contact us on info@trijuris.com or call us Mb. No. 85100 58386 or 9310 717274.

WHAT IS COMPANY REGISTRATION?

One of the most important procedures for a startup is to register. Company registration is essentially the first step in legally establishing your business. It means that if you register as a corporation, you will have the legal Authority to conduct business. It is a necessary step for today’s entrepreneurs.

The formation of a new corporation/company is known as Incorporation (a corporation being a legal entity that is effectively recognized as a person under the law). A corporation can be a for-profit company, a non-profit organization, a startup, or a micro, small, or medium-sized Company. The Companies Act, 1956, 2013, and other related Acts, Bills, and Rules govern corporate activity in India. MCA also safeguards investors and provides a variety of valuable services to stakeholders. The Ministry’s primary responsibility is to administer the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, and other related Acts, as well as the rules and regulations enacted thereunder, with the goal of ensuring that the corporate sector operates in accordance with the law.

ADVANTAGES OF REGISTRATION

  • One of the most crucial advantages of forming a corporation is the limitation of liability. After registering your Company, you can protect your personal assets. Various events, such as a business failure or any other, might place sole traders and partnerships in jeopardy. In the event of a business failure, the Company’s directors and owners are isolated.
  • The corporation now has its own legal entity, position, and market recognition as a result of its registration. In the eyes of the law, it exists independently of its Director or shareholder. A company’s registration gives it legal standing or recognition in a certain country. It establishes the Company’s existence apart from its directors and members. Companies that are legally recognized are more desired in the corporate world, therefore registering your Company appears to help your firm increase its market and develop its business.
  • Company formation is a procedure that allows you to establish a reputation among your consumers and stakeholders. Customers and clients are undoubtedly a company’s most valuable asset, which is why registration of the firm as a business is crucial.
  • When it comes time to sell the business as a going concern, one of the benefits is the ease with which the shares of the entire shareholding may be transferred to the buyer, allowing for a simple transition in management and ownership.
  • When the business enterprise is a registered company, it is easier to obtain a loan from a bank or financial institution because it establishes a level of confidence. A registered company can also raise a huge amount of cash from the general public through the issuance of shares and public deposits.

DISADVANTAGES OF REGISTRATION

  • A company’s Incorporation is a lengthy and complicated legal process that takes a lot of time and money. These complicated procedures have been put in place to deter folks who aren’t serious or enthusiastic about doing business. Even after the firm is formed, it must be run and handled with extreme caution. In conformity with the said legal requirements of the Companies Act. The Registrar of Companies must record the returns and other papers. 
  • Despite the substantial legal framework in place to encourage maximum transparency and disclosure of business information, employees and lower-level company members have limited access to company information and upper management.
  • Incorporated businesses incur a higher tax rate than other types of businesses. There are no discounts for incorporated businesses, and there are no minimum taxable limits. An incorporated firm must also pay income tax at a fixed rate on all of its earnings, whereas other businesses are charged at a progressive or slab rate.
  • Members of a company’s small shareholder group have little effective control over the Company’s functions and choices. This occurs because the Company’s workforce is so large that an individual or even a small group of employees cannot have a significant impact on the organization’s operations. As a result, the phrase “ownership” of the corporation is merely a phrase with no predictive validity. They have no active or comprehensive influence over the operations of the Company.

REGISTRATION PROCESS OF PUBLIC COMPANY 

Approving Authority with respect to Public Company are the Registrar of Companies (RoC) and Reserve Bank of India (RBI).

  1. Obtaining approval from FIPB (Foreign Investment Promotion Board) in the event, it is required;

In the case of Incorporation of the wholly-owned subsidiary of an Indian Company, if the activities of the Indian wholly-owned subsidiary fall under the Government approval route, then the approval from FIPB has to be obtained.

  • Obtaining the proposed directors DSC (Digital Signature Certificate)

(DSC) are the digital (electronic) equivalents of physical or paper certificates. Any electronic document, such as e-forms, must be signed by DSC. Any accredited Certifying Authority can provide you with a DSC.

  • Applying for the availability of Name

The first step in forming a company is to apply for the proposed firm’s Name to be available in E-form INC1. In this case, one must adhere to the name conventions. For the proposed Company’s Name to be reserved, an E-form RUN must be filed with the MCA. If the suggested Name would not be available, the user must submit a new application with a new name. Within 60 days of receiving name approval, the applicant can file for new company registration by providing the relevant forms (Forms 1, 18, and 32).

  • Proposed directors’ DINs (Director Identification Numbers)

Under the Companies Act, 2013, potential directors must get up to three DINs (Director Identification Numbers) via the SPICE form. DIN can be applied for electronically via Form DIR-3 on the Ministry of Corporate Affairs (MCA) website, together with the requisite documents and filing fee, in the case of established enterprises.

  • Preparation of Documents for Incorporation of a Company

After the proposed Company’s Name has been approved, the applicant must 

prepare the following documents:

  • Declaration by a first subscriber(s) and first director(s). 
  • Memorandum of Association (MOA). 
  • Articles of Association (AOA) 
  • Declaration by any Advocate/ CA/ Cost Accountant/ CS in practice in Form INC-8. 
  • Proof of address of premises (Conveyance/ Lease deed/ Rent Agreement etc. along with rent receipts)
  • NOC from the owner of the said property. 
  • Copy of any utility bills (not older than two months) 
  • In-principle approval from the concerned regulator, if any. 
  • In-principle approval from the concerned regulator, if any, it is mandatory to attach proof of identity and residential address of the subscribers.
  • Filing of e-Form INC32 SPICe+
  • Details of maximum 7 subscribers can be filled. 
  • In case there are more than 7 subscribers, then it is mandatory to attach physically signed MOA & AOA in Form. 
  • Details of maximum 7 Directors can be filled.
  • A Maximum 3 directors are allowed for filing application of allotment of DIN while incorporating a Company. 
  • A Name approval can also be filed through this Form. 
  • By Affixation of Digital Signatur Certificate of the Subscriber on the INC-33 (e-MOA), the date of signing will be appear automatically by the Form. 

For more information, please contact us on info@trijuris.com or call us Mb. No. 85100 58386 or 9310 717274.

The new version of the SPICe form i.e. SPICe+ is a web-based application that provides 10 services from three Central Government Ministries and Departments. (Ministry of Corporate Affairs, Ministry of Labour, and Ministry of Finance’s Department of Revenue), reducing the number of procedures, time, as well as costs associated with starting a business in India. SPICe+ is a part of the Indian government’s various programmes and commitments (EODB). The new fields introduced in SPICe + Form is:

  • Type of Company
  • Class of Company
  • Category of Company
  • The main division of industrial activity of the Company
  • Description of the main division

Drafting and Preparation of MOA and AOA

The Memorandum of Association (MoA) is the Company’s charter and defines its scope of operations. The Company’s internal operations are governed by the Articles of Association (AoA). Both of these contracts are extremely important to the organization. Thus they are drafted with extreme caution. AoA and MoA has to be signed at least two subscribers in his or her own hand, his or her father’s Name, employment, address, and the amount of shares subscribed for, and at least one person witnessed the signing ensuring that the Memorandum and Article are dated after the stamping date.

Filing of Incorporation Documents

Documents for Incorporation must be filed in Form -32 once the Name has been authorized by the Registrar of Companies. As its registered office, the corporation must have a physical location. Within 30 days of the Company’s Incorporation, Form INC-22 must be filed along with the relevant documentation.

With effect from March 31st, 2019, it’s mandatory to file SPICe for company incorporation, which would be accompanied by a linked E-form AGILE (INC-35). Further, the proposed Company’s registered office as provided in SPICe would be the principal place of business for the GST application.

Certificate of Commencement of Business

Before starting a business or exercising any borrowing rights, the penultimate step is to file verification of its registered office with the Registrar, as required by Section 12(2).

REGISTRATION PROCESS OF PRIVATE COMPANY 

  1. Application for Name Approval

Applicants shall first create an account on the MCA website. (Pre-existing users can log in with their previous account; new users must create a new account.) After logging in, the user must select the MCA Service button “RUN.” There will be an online form available. Applicants must fill out the application online. Applicants must first create an account on the MCA website. (Pre-existing users can log in with their previous account; new users must create a new account.) After logging in, the user must select the MCA Service button “RUN.” There will be an online form available. Applicants must fill out the application online. The Name shall be suffix by the word “Limited”.

  • Preparation of Documents for Incorporation of a Company

After the proposed Company’s Name has been approved, the applicant has to prepare the following documents:

  • Declaration by first Subscriber(s) and first director(s). 
  • Memorandum of Association (MOA) 
  • Articles of Association(AOA) 
  • Declaration by any Advocate/ CA/ Cost Accountant/ CS in practice in Form INC-8. 
  • NOC from the owner of the said property. 
  • Proof of address of the premises(Conveyance/ Rent Agreement/Lease deed/ etc. along with rent receipt); 
  • Copy of the utility bills the same shall not be older than 2 months) 
  • In principle, approval from the regulator. 
  • In principle, with approval from the regulator, it is mandatory to attach proof of identity and the residential address of the subscribers.
  • Filing of e-Form INC32 SPICe+
  • Details of maximum 7 subscribers can be filled. 
  • In case there are more than 7 subscribers, then it is mandatory to attach physically signed MOA & AOA in Form. 
  • Details of maximum 7 Directors can be filled.
  • A Maximum 3 directors are allowed for filing application of allotment of DIN while incorporating a Company. 
  • A Name approval can also be filed through this Form. 
  • By Affixation of Digital Signatur Certificate of the Subscriber on the INC-33 (e-MOA), the date of signing will be appear automatically by the Form. 

The new version of SPICe form i.e. SPICe+ is a web-based application that provides 10 services from 3 Central Government Ministries and Departments, ie., Ministry of Corporate Affairs, Ministry of Labour, and Ministry of Finance’s Department of Revenue), reducing the no. of procedures, time, and costs associated with starting a business in India. SPICe+ is a part of the Indian government’s various programmes and commitments (EODB). The new fields introduced in SPICe + Form is: 

  • Type of Company
  • Class of Company
  • Category of Company
  • The main division of industrial activity of the Company
  • Description of the main division
  • Earlier, if any Person wanted to incorporate Company, then it has to apply for the DIN, Approval of the Name Availability, and Separate Form for first Director, Registered office address, PAN, TAN etc. But this Form is a single-window for Incorporation of the Company. 

This Form can be used for the below purposes: 

  • Application for DIN (up to 3 Directors).
  • Application for Availability of Name.
  • No need to file any separate Form for the first Director (DIR-12).
  • No need to file a separate Form for the address of the registered office (INC-22).
  • No need to file a separate application for PAN or TAN
  • Submission of INC-32,33,34 and AGILE PRO INC-35 on MCA

A linked e-form INC-35 must be submitted with the company incorporation application (SPICe+) (AGILE-PRO).

Though applying for a GSTIN is optional, obtaining an EPFO Establishment Code, an ESIC Employer Code, Profession Tax registration, and opening a bank account are all required when forming a corporation by filing an INC-35 form along with a SPICe+ form.

  • The Registrar shall provide a certificate of Incorporation to the effect that the proposed Company is formed under this Act based on the information filed.

A corporate identity number, which is a unique identifier for the firm, is assigned by the Registrar.

CIN, PAN, and TAN will be used to generate the incorporation certificate.

A company with a share capital may not do business or borrow money unless: 

  • Within 180 days of its incorporation date, the Director files a declaration with the Registrar in prescribed Form stating that each Subscriber to the Memorandum required to pay the value of the shares as agreed to be taken by him; and 
  • The said Company required to file with the Registrar a verification of its Registered Office as required.

For more information, please contact us on info@trijuris.com or call us Mb. No. 85100 58386 or 9310 717274.

REGISTRATION PROCESS OF ONE PERSON COMPANY

  1. The Companies Act, Rule 3 (Incorporation) According to the 2014 Rules, only an Indian citizen and resident in India is entitled to: (a) form a One Person Company; and (b) be a nominee for the single member of a One Person Company.
  2. At any given moment, a natural person can only be a member of one “One Person Company,” and that person cannot be a nominee of more than one One Person Company. After getting previous written approval from such person, the Subscriber to a One Person Company’s memorandum shall nominate a person who, in the event of the Subscriber’s death or inability to contract, shall become the member of the One Person Company.
  • The Name of the person nominated shall be mentioned in the memorandum of a One Person Company, and such nomination shall be filed with the Registrar in Form INC-32 (SPICe+), Single Application for Incorporation of the Company, along with the consent of nominee obtained in Form INC – 3 and fee as specified in the Companies (Registration offices and fees) Rules, 2014.

REGISTRATION PROCESS OF SECTION 8 COMPANY

  1. Application for name availability in Form RUN

A request for name availability must be sent through the “RUN” facility. The phrases Foundation, Forum, Association, Federation, Chambers, Confederation, Council, Electoral Trust, and the like shall be included in the Name of Section 8 Company. In the RUN facility, you can submit up to two names at a time and make one resubmission. The RUN fee is Rs. 1000/-. It’s a good idea to include the object clause of the contract.

  • Getting DSC of first Directors

The next stage is to obtain the first subscribers’ and directors’ class 3 digital signatures, which are essential for filing the incorporation form with the ROC.

  • Preparation and Drafting of MoA and AoA

The Company’s charter, or MOA, outlines the scope of its operations. An AOA is a document that governs the Company’s internal management. The MOA for a Section 8 company must be in form INC-13, while the AOA for a Section 8 company has no set format. Table F provisions can be adopted. Each Subscriber must sign the Company’s MOA and AOA, which must include his Name, address, and telephone number.

  • Filing of SPICe + INC- 32 Form

After receiving approval for the proposed Name, form SPICe+INC-32 can be filed. The attachments to be fled are;

  • Memorandum of Association in Form INC-13
  • Articles of Association
  • The proposed MOA and AOA have been written out in accordance with the provisions of Section 8 and rules made thereunder, and that all the requirements of the Act and rules made thereunder relating to company registration under Section 8 and things incidental or supplemental thereto have been met.
  • Form INC-15 contains a declaration signed by each of the people who are filling out the application.
  • CRC’s name approval letter; first directors’ consent and declaration in Form DIR-2; and first subscribers’ self-declaration in Form INC-9.

Rule 3 of the Companies (Incorporation) Rules, 2014 prohibits a one-person company to be incorporated as a section 8 company or to convert into a Section 8 Company. A partnership firm or an LLP can join Section 8 Company as a member. The partnership firm or LLP, as the case may be, must follow the terms of the respective Acts.

REGISTRATION PROCESS OF PRODUCER COMPANY

A body corporate with the aims or activities listed in section 581B and registered as a Producer Company under the Companies Act, 1956 is referred to as a Producer Company.

Pre Incorporation Requirements

Producers (at least 10): Producers who will promote and incorporate the Company. Individuals or producing institutes might be promoters. At least 5 Directors: Individual directors should be appointed. In most circumstances, the promoters and directors of a company are the same person.

Name Approval

The suffix “Producer Company Limited” should be added to a Producer Company’s Name to indicate its position as a Producer Company. The word “private” does not appear in the Name, and its absence does not imply that the Company is a “public” one.

Applicants must first create an account on the MCA website. (Pre-existing users can log in with their previous account; new users must create a new account.)

Preparation for documents of Incorporation of Company

DIR-2- First Directors’ Declaration, coupled with a copy of their proof of identity and residential address.

If a subscriber or Director does not have a DIN, the following must be attached: Subscribers’ proof of identification and residence address.

Preparation of AoA and MoA

Because there must be a minimum of 10 subscribers, the Producer company’s MOA and AOA must always be tangible. The production company’s MOA and AOA must never be e-MOA or e-AOA.

Following the completion of the SPICE+ Form, the applicant must proceed to the drafting/preparation of information for the INC-33 (MOA) and INC-34 forms (AOA).

After filing all web-based forms, such as SPICe+, Agile Pro, and INC-9, upload all three documents as linked forms on the MCA website and pay the fees.

Application for Section 8 License before the Central Government.  

Certificate of Incorporation

When the Registrar of Companies is satisfied that all of the documents required for a company’s Incorporation have been submitted, he is required to register the memorandum, articles, and any other documents, if any, and issue a “certificate of incorporation” within thirty days, which is conclusive proof of the Company’s formation under Part IX A. Producer Company’s formation takes effect on the date specified in the certificate of registration issued by the Registrar of Companies.

For more information, please contact us on info@trijuris.com or call us Mb. No. 85100 58386 or 9310 717274.

REGISTRATION PROCESS OF NIDHI COMPANY

The Nidhi Company is governed by Section 406 of the Companies Act, 2013 and the Company Nidhi Rules, 2014, with the express purpose of instilling in its members the habit of thrift and saving. Nidhi firms are only permitted to collect deposits from its members and lend to them. As a result, a Nidhi company’s funds come solely from its members (shareholders) and are only spent among the members.

  1. Name Approval 

Applicants must submit their name availability through the MCA portal’s RUN facility. Every Company that wishes to be incorporated as a “Nidhi” must include the words “Nidhi Limited” in its Name. For name availability, a digital signature of the applicant is no longer required.

  • Obtaining of DSC

The proposed Directors, who may also be Nidhi Company Promoters/Applicants, must get a Class 2 DSC.

  • Filing of Form SPICe+ INC 32

After the Name has been approved, file form SPICe+ 32 along with the necessary attachments to form Nidhi Company.

  • Memorandum of Association
  • Articles of Association
  • PAN Card of subscribers
  • Id Proof of First Directors
  • Address Proof of First Directors
  • NOC of Owner of Registered Office
  • Consent and Declaration from first Director in Form DIR-2
  • Self-Declaration from First Directors and Subscribers in Form INC-9
  • Application for both “PAN and TAN” is to be made where the PAN and TAN are usually received within 7 working days.
  • Certificate of Incorporation is obtained within 15- 20 days.

REGISTRATION PROCESS OF FOREIGN COMPANY

Foreign Direct Investment (FDI) is prohibited in proprietorships, partnership firms, and one-person companies, according to FEMA standards. Investment in LLPs is permitted, but it must first be approved by the RBI. As a result, the easiest and quickest approach for NRIs and foreign nationals/entities to start a business in India is to form a Private Limited Company.

  1. Name Approval

The first stage in the process of forming a company is to reserve a name. It is acceptable to use the same Name as the parent firm with the addition of the word “India” in the case of a foreign subsidiary. The Name is acceptable as long as it is not identical to any existing entities or is not judged unsuitable by law.

  • Obtaining DSC

For the proposed directors of the Company, a Digital Signature Certificate (DSC) will be obtained. This DSC is required to digitally file the Incorporation application and will be used for future compliance reporting as well.

  • Incorporation of Application

The Company Registration process comes to a close with this stage. It necessitates the filing of the Company’s Memorandum and Articles of Association, as well as many additional documents signed by the proposed directors and shareholders.

The following is a list of the documents that must be signed in order to form a corporation:

  • Articles of Association
  • Memorandum of Association
  • Declaration by Directors in Form DIR 2
  • Declaration of Directors/Shareholders and Authorized Representative in Form INC 9
  • PAN Undertaking from foreign Company and directors
  • AGILE-PRO INC-35 is required to be filed for applications of registration of Goods and Services (GSTIN), Employee State Insurance Corporation (ESIC) registration, Employees Provident Fund Organization (EPFO), Profession Tax Registration, and Bank Account Opening under section 38A of the Companies (Incorporation) Rules. Filling out the AGILE-Pro Form as well as the SPICe+ Form is mandatory for Incorporation.
  • If the documents are signed outside of India, they must be notarized by a public notary in the country of resident and then consularized by the appropriate Authority. If the documents are signed in India, a copy of the visa and a stamped passport are required to prove the signer’s presence in India at the time of signing.If the Subscriber is a foreign entity, the foreign entity’s representative shall sign the incorporation documents. In the home country of the subscriber company, an Authorization Letter indicating the Name of the Authorized Person and the quantity of shares subscribed shall be notarized, consularized, or apostilled, as the case may be.
  • Once the Incorporation application is approved, the Registrar would issue a Certificate with a Corporate Identification Number (CIN). The PAN and TAN of the Company would also be allotted simultaneously.
  • Within 30 days after receiving funds from a foreign investor, the Company must report details in an “Advance Reporting Form” to the RBI (s). The corporation has 180 days from the date of receipt of money to issue shares. Within 30 days of the date of issuing of shares, the Company must submit a report to the RBI in the prescribed Form (FC-GPR) along with the following information:
    • A certificate from the Company Secretary attesting to the Company’s compliance with the Foreign Direct Investment (FDI) Scheme’s procedure for issuing shares, and
    • A certificate from a Chartered Accountant stating how the price of the shares distributed to foreign investors was determined.
    • All investments received during the year must be reported on an annual return on foreign liabilities and assets.

REGISTRATION PROCESS OF LIMITED LIABILITY PARTNERSHIP

To register an Indian LLP, one must first apply for a Designated Partner Identification Number (DPIN), which one can accomplish by filling out an e-Form for obtaining the DIN or DPIN.

Obtaining a Digital Signature Certificate and registering it on the portal is the next step. Following that, the Ministry must authorize the LLP’s Name. After the LLP name has been authorized, the LLP can be registered by filling out the incorporation form.

  1. Application for DIN or DPIN

The proposed LLP’s designated partners must get a “Designated Partner Identification Number (DPIN)” and must complete e-Form DIR-3 to get a DIN or DPIN. A DIN (Director Identification Number) can be used as a DPIN if the partner already has one.

  • Acquiring and Registration of DSC

The Information Technology Act of 2000 allows for the use of digital signatures on documents submitted in electronic Form to assure the security and authenticity of those papers. This is the only safe and secure method of submitting a document electronically. As a result, the LLP(s) are obligated to employ Digital Signatures in all of their filings. The digital signature is issued by a qualified Certifying Authority (CA). Only once the signatories have registered their Digital signature certificates (DSC) with the LLP application can a role check be performed.

  • Registration as a new user

To file an e-Form or utilize any paid service on the LLP portal, one must first register as a user in the appropriate user category, such as registered or business.

  • Incorporation and Filing of LLP

Fill out Web Service RUN- LLP for Application for Reservation or Change of Name to have the LLP’s Name registered is the next step. File the relevant incorporation Form FiLLiP Incorporation document and Subscriber’s statement, depending on the proposed LLP.

After the LLP is formed, an initial LLP agreement must be filed within 30 days of the LLP’s formation. The information must be entered into Form 3 by the user (Information with regard to Limited Liability Partnership Agreement and changes, if any, made therein).

RUN-LLP is a web service for reserving a name for a new limited liability partnership (LLP) or changing the Name of an existing LLP. This web service would take the place of the existing Form 1 for reserving a name.

FiLLiP (Form for Limited Liability Partnership Incorporation) replaces Form 2 (Incorporation document and Subscriber’s statement), merging three services in one document: name reservation, allocation of Designated Partner Identification Number (DPIN/DIN), and LLP incorporation.

In the event, the partnership firm is converted into LLP.

Any current partnership firm that wants to convert to an LLP must fill out Form 17 (Application and statement for the conversion of a firm to an LLP). Along with Form 2 (Incorporation document and Subscriber’s statement), Form 17 must be filed.

In the event, a private company or unlisted public Company is converted into LLP.

Form 18 (Application and Statement for conversion of a private company/unlisted public business into limited liability partnership (LLP)) is required for any private company/unlisted public company that wishes to be transformed into an LLP. Along with Form 2 (Incorporation document and Subscriber’s statement), Form 18 must be filed.

In the event to incorporate Foreign Limited Liability Partnership

By completing Form 27 (Registration of Particulars by Foreign Limited Liability Partnership (FLLP)), any Foreign LLP can open a business in India. The FLLP’s authorized representative must digitally sign the e-Form. There is no obligation for Designated Partners of FLLP to apply for and get a DPIN or DIN, but the authorized representative’s DSC is required.

CONCLUSION

A registered firm is the most valuable asset, with the potential to be passed down as an inheritance to future generations or sold to new breed entrepreneurs. Thus, it is necessary to register a firm in order to ensure its long-term viability. There is no way for a business to start up on its own. It requires the Registrar of Companies to issue a certificate of Incorporation when numerous statutory conditions have been met. The promoters must submit many documents to the Registrar of Companies as part of the statutory process. The firm is separate from the owners as viewed through the eyes of the government, and owners are subject to change. Despite periodic changes in ownership, the Company will continue to operate under the registered structure. There’s no reason to be concerned about the Company going out of business.

For more information, please contact us on info@trijuris.com or call us Mb. No. 85100 58386 or 9310 717274.

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