Procedure Of Ltd Company Registration

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Procedure Of Ltd Company Registration

Posted On : Nov-23-2011 | seen (516) times | Article Word Count : 414 |

At the time, of registering a limited company one needs to follow a prescribed process. If a person do not want to get involve into any problem later, then he must follow all the concerned laws.

In simple words, a limited liability company can be explained as a company whose liability remains limited. A limited company set up allows the entrepreneur to keep his personal assets and finances separate from the company. It means that all people who have invested in the company, known as shareholders, liable to pay that much company debts that they have invested and nothing more than this amount. Hence, it can be said that ltd company registration seems an appropriate way for a business investment, and that too without any risk to personal wealth. A limited company enjoys a separate entity that can be subject to legal action. As a separate body, such company can even be the director of some other company. The entire process of a limited company go through a series of steps, and registration process considered as the most important out of all the steps.

Primarily, the name of the company requires to be decided. Once the name gets decided, the next step relates to getting this name approved from the concerned Registrar of Companies also called ROC. One can submit a list of desired names and the ROC will answer within a few days regarding the availability of names. A person can submit at the max 6 names at one time. The next step relates to drafting Memorandum of Association, as well as, Articles of Association. Articles of Association deal with company's internal affairs. Memorandum of Association explains key clauses that relate to the company. Two most prominent clauses in this documents relate to the authorized capital clause and object clause. Authorized clause defines the extent of expansion one can go with his company, as well as, the process to issue fresh shares in the future.

The objective clause explains the objectives of the company. Once the objectives decided, they need to be formally drafted and printed in order to be sent to the ROC for their suggestions or objections. The accepted documents need to be stamped in order to sent to the registrar. These documents consist information related to the appointment of eminent persons in the company. The last step involves payment of the registration fees. In this way, one can get ltd company registration process completed under the Companies Act of 1956. This process ensures the company a unique identity. One can also take the help of company formation agents in acquiring the company seal along with other related things like permanent account number.

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<h1>Procedure Of Ltd Company Registration</h1> Author: <a href='http://www.articleseen.com/profile_fast formate.aspx'>fast formate</a> In simple words, a limited liability company can be explained as a company whose liability remains limited. A limited company set up allows the entrepreneur to keep his personal assets and finances separate from the company. It means that all people who have invested in the company, known as shareholders, liable to pay that much company debts that they have invested and nothing more than this amount. Hence, it can be said that ltd company registration seems an appropriate way for a business investment, and that too without any risk to personal wealth. A limited company enjoys a separate entity that can be subject to legal action. As a separate body, such company can even be the director of some other company. The entire process of a limited company go through a series of steps, and registration process considered as the most important out of all the steps.

Primarily, the name of the company requires to be decided. Once the name gets decided, the next step relates to getting this name approved from the concerned Registrar of Companies also called ROC. One can submit a list of desired names and the ROC will answer within a few days regarding the availability of names. A person can submit at the max 6 names at one time. The next step relates to drafting Memorandum of Association, as well as, Articles of Association. Articles of Association deal with company's internal affairs. Memorandum of Association explains key clauses that relate to the company. Two most prominent clauses in this documents relate to the authorized capital clause and object clause. Authorized clause defines the extent of expansion one can go with his company, as well as, the process to issue fresh shares in the future.

The objective clause explains the objectives of the company. Once the objectives decided, they need to be formally drafted and printed in order to be sent to the ROC for their suggestions or objections. The accepted documents need to be stamped in order to sent to the registrar. These documents consist information related to the appointment of eminent persons in the company. The last step involves payment of the registration fees. In this way, one can get ltd company registration process completed under the Companies Act of 1956. This process ensures the company a unique identity. One can also take the help of company formation agents in acquiring the company seal along with other related things like permanent account number.About the Author: Fast formation provides excellent services in the field of <a rel="nofollow" href='http://www.fast-formation.co.uk/site/limited-company.qmd'>Ltd Company Registration</a>. Our dedicated team of tax experts, company formation agents and business consultants helps in achieving your business goals. Hence, anyone who want any assistance in selecting the best structure according to your business, contact Fast Formation. Article Source: <a href='http://www.articleseen.com/Article_Procedure-Of-Ltd-Company-Registration_108559.aspx'> http://www.articleseen.com/Article_Procedure Of Ltd Company Registration_108559.aspx</a>

Article Source : http://www.articleseen.com/Article_Procedure Of Ltd Company Registration_108559.aspx

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Fast formation provides excellent services in the field of Ltd Company Registration. Our dedicated team of tax experts, company formation agents and business consultants helps in achieving your business goals. Hence, anyone who want any assistance in selecting the best structure according to your business, contact Fast Formation.

Keywords : ltd company registration,

Category : Business : Management

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