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Steps to form a company

The first step in the registration process is getting a name approved for the proposed company. You can apply for a name in the prescribed form (Form-1A) at RoC. You can give a maximum of 4(four) names in order of preference in your name application. After getting the name approved, prepare the necessary documents for registration of the company and file the same at RoC . Registration and filing fees vary depending upon the Authorised capital. In addition, Memorandum of Association and Articles of Association and Form-1 require payment of stamp duty as per local stamp act.

The validity period of the Name approved

The approved name is valid for a period of 6 months from the date of approval. The applicant can renew the name within 6 months by submitting a fresh Name application (Form-1A) by mentioning that the application is for renewal of the name already approved. Names inadvertently allowed or which are against the guidelines which has subsequently come to the notice may be withdrawn by the RoC before or after incorporation of the company.

The minimum authorised capital for a company

The minimum authorised capital for Private Limited Company - Rs.1,00,000/-

For Public Limited Company - Rs.5,00,000/-

For the use of some key words as part of name, the minimum authorised capital is given in the table below: Sl.No. Key words Required minimum authorised capital

  1. Corporation 5 Crores
  2. International, Globe, Universal, Continental, Inter-Continental, Asiatic, Asia, being the first word of the name 1 Crore
  3. If any of the words at (2) above is used within the name (with or without brackets) 50 Lakhs
  4. Hidustan, India, Bharat, being the first word of the name 50 Lakhs
  5. If any of the 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
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