Biplab Mondal Asks:
PLEASE
INFORM ME ABOUT DETAILS OF THE COMPANY FORMATION, FEE PROCEDURE, TOTAL EXPENSE
ETC & DURATION OF COMPLETION.
Reply From Companysetup:
Dear Sir,
Many thanks for taking
interest in our services. For incorporation of a private limited company
anywhere in India having authorized capital of Rs. 1,00,000/- with two resident
Indian directors we charge Rs. 14,999/- (all inclusive) [ Rs. 4,999/- towards professional
fees plus Rs. 10,000/- towards govt fees & all sort of out of pocket
expenses]. We will form your company in almost 7 working days from date of
receipt of documents and payments. We take an advance payment of Rs. 4,999/-
before starting the process and balance Rs. 10,000/- to be paid after approval
of company's name but before submission of final documents & govt. fees.
There are no hidden charges beyond our quoted amount. We hope you will find
terms suitable to you.
Our quoted fees is inclusive of followings:-
1) All Sort
of Government Fees.
2) Director
Identification Numbers (DIN) = 2 Nos.
3) Digital
Signature (DSC) = 1 No.
4) Checking
availability of company's name/s.
5) Getting
approval of name of proposed company.
6) Drafting
of MOA & AOA (By-Laws) and getting approval.
7) Printing
of Final Memo & Articles (By-Laws) = 50 copies.
8) Stamping
of MOA & AOA.
9)
Representing you before Registrar of Companies.
10) Obtaining
Certificate of Incorporation.
Now a days, the process of incorporation is undertaken online
therefore your all documents are needed in soft copy (scan) through E-mail .
Following documents/
information are required initially from your end:-
1) PAN Card of proposed
directors with self attested.
2) Proof of Address of
Directors (Latest Bank Statement or Telephone Bill within a period of 2 months/
Driving License/Passport/ Voter identity Card etc) with self attested.
3) Qualification of the
proposed directors.
4) Passport size
photograph (Soft Copy in JPEG format).
5) Proposed 1+5 name for
the new company.
6) Description about the
main object of the company.
7) The Affidavit from
the directors in non judicial stamp paper worth Rs 10/- and must be notarized (
the format will be sent by us at later stage).
8) The complete registered address of the company, if :
- own by the directors(NOC from director along with the
consumption bill, like electricity bill,telephone bill,etc)
- own by other than director(rent agreement, NOC along with consumption
bill, like electricity bill,telephone bill,etc from owner).
9) Nearest Police
Station to the registered address(Name & Address).
We hope to clarify everything about information that may required
by you. Kindly revert back suitably if you need any clarification/ information
in this regard.
With
kindest regards,
Kanika Rawat
companysetupindia.com
316-317,
Vats Market, Adj. Shiva Market,
Madhuban
Chowk, Pitampura, New Delhi-110034, India
Tel:
+91-11-41117200 (20 Lines), +91-11-41117201 (Direct)
Fax:
+91-11-45076210.
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Biplab Mondal Asks:
Dear Madam,
I read your mail and in this regard I would like to say that
I am keen interested to setup a PUBLIC LIMITED COMPANY. But madam is there any
way that I can issue redeemable preference share or debenture to
raise the company fund? Please state me in details.
On the other hand Money marketing is one kind of big
business in India today and this is my second choice. Many people take it in
different ways. But I from my end, I want to utilize the fund for the
development of company business in return of the expected benefit of
the customers. So I am interested in forming of money marketing company too.
So, I am requesting you to provide me prior information so that my business can
be developed by either forming chit fund company or in a simple way of forming
only a public limited company or setting up micro-finance company.
My thinking and plans are stated you in details but I will
contact you after I get the assurance from you and then I will provide you
the primary business details of our company and the documents you need for the
process.
Thanks & Regards
Biplab Mondal
Reply From CompanySetup:
Dear
Sir,
Good
day !
U/s
80 of the Companies Act 1956, an unlisted public company may issue redeemable
preference share which should be redeemed within a period of twenty years . The
following are the process to issue the redeemable preference share:
1)
Increase
the authorised capital of the public limited company from the minimum limit of
Rs. 5 Lac.
2)
The
article of association of the public limited company must authorize the issue.
3)
A
notice must be issued for the general meeting along with the explanatory
statement which contain several matter regarding the issue such as the price,
objectives, the class of person to whom the issue has been made, proposed time
when the allotment is completed etc.
4)
A
special resolution required to be passed by the members of the company u/s 81
(1A) authorizing the board for issue of the same.
5)
The
statutory auditor / the company secretary of the issuing company shall certify
that the issue is made in accordance with the company rules which is to be
produced in the general meeting.
Regarding
the issue of debentures an unlisted public company may issue the same.
1)
First
of all a Board meeting is convened at which the decision to issue debentures,
the number and terms of issue and the rate of interest is taken by means of a
resolution to that effect.
2)
It
is necessary that the total value of debentures including other borrowings
should be well within the borrowing limit fixed by the shareholders by the
resolution under Sec 293(1)(d) of the act.
3)
In
case the debentures are issued under a Trust Deed, necessary consent of
trustees is obtained and a draft of Trust Deed is prepared. A draft of
prospectus and the Debenture Bond is also prepared.
4)
After
the completion of these formalities, the Board approves the drafts of
prospectus, Trust Deed and debenture bonds and directs the secretary to arrange
for their printing.
5)
The
Trust Deed is then executed with the trustees for debenture holders.
6)
Only
secured debentures will be permitted for issue to the public. The particulars
of the charges created on the issue are to be filed with the Registrar of
Companies within 30 days of the execution of the Trust Deed for registration
and a Certificate of Registration is obtained. This Certificate is to be
endorsed on every Debenture Certificate. All particulars are also entered in
the "Registrar of Charges" maintained by the company at its
registered office.
7)
A
copy of the prospectus is then filed with the Registrar and the Prospectus is
issued to the public. In case the debentures are to be issued privately
(without making a public offer) a statement in lieu of prospectus is to be
filed with the Registrar at least three days before the first allotment of
debentures.
8)
After
the allotment, the particulars about each debentures are entered in the
Registrar of Debenture-holders and Debenture Certificates are prepared which
are issued to the Allottees in due course.
Regarding
Chit fund Companies operating in Delhi as a practice, first obtain a
certificate of incorporation from the Registrar of Companies.
(A) Requirements for registration of
New Co. with Registrar of Chit Fund, New Delhi.
After getting this certificate, you can apply for registration of first
Bye-laws of the company with Chit Fund Department., Govt. of N.C.T. of Delhi,
13th floor, Bikri Kar Bhawan, I.P. Estate, New Delhi 110 002 (Tel. No. 331
8992)
a)
Memorandum and Articles of Association.
b) Incorporation Certificate.
c) Form No. 2 regarding shares allotment.
d) Form No. 18 regarding registered office.
e) Form No. 32 regarding appointment of Directors.
f) R.O.C. Receipt for filing of form No. 2, 18, 32.
g) Bank certificate for deposit of Rs. 10,00,000/- as paid-up capital.
h) Resolution for appointment of foreman of the company.
I) Affidavits of the Directors regarding:-
1.
Age, good health and sound mind.
2. Insolvency.,
3. Non-conviction.
4. Membership/Directorship in other chit fund company.
j)
Proof of ownership of the office premises.
k) No objection certificate from the landlord.
l) Rent Receipt of premises.
m) Lay out plan of premises.
n) Photo-copies of Ration Cards of the Directors.
o) Photographs of all the Directors duly attested.
p) Papers regarding financial soundness of the Directors.
1.
Proof of property, if any.
2. Assessment order, if any.
3. Balance sheet(s) of the company whether partnership or proprietorship.
4. Other financial documents.
q) Form CF-1 in
duplicate (application for registration).
r) Bye-laws in duplicate.
We
hope we clarify everything about information that may required by you. Kindly revert
back suitably if you need any clarification/ information in this regard and
also submit the documents to start the process.
With kindest regards,
CA Pradeep Mallick
info@companysetupindia.com
316-317, Vats Market, (Adjoining Shiva Market)
Pitampura, New Delhi-110034, India
Tel: +91-11-41117200 (20 Lines), 41117202 (Direct),Mobile: +91-09310277186
[You may call us during Indian Time 09:00 am to 07:00 pm GMT+05:30]
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