Company TYPES OF Public COMPANIES Company Section 8 company A - - PowerPoint PPT Presentation

TYPES OF COMPANIES Private Company Public Company Section 8 company

• A COMPANY:-
• having minimum paid-up share capital of Rs.
• ne lakh
• restricts the right to transfer its shares;
• Maximum Shareholders should not be more

than 200

• Prohibits any invitation to the public to

subscribe for any securities of the company

What is Private Limited Company?

• A COMPANY:-
• Which is not a Private Company
• Has a minimum paid up share capital of Rs.

five lakhs.

• Who’s name ends with the word “ Limited”

What is Public Limited Company?

It may either be a :-

• A company limited by shares, or
• A company limited by guarantee, or
• An unlimited company

A company may be formed by

two or more persons, as a Private Company seven or more persons, as a public Company

• It is a 8 Digit Unique Identification Number for Directors

What is DIN?

• Every individual intending to be appointed as director of a

company shall make an application for allotment of DIN to Central Government

• Application shall be made in e- form DIR 3 by using DSC(Digital

signature certificate) of applicant

How to apply for it?

• Proof of identity :-
• In case of Indian National- PAN CARD is must
• In case of Foreign National- PASSPORT is must
• Proof of residence
• Copy of verification duly attested by authorized person
• Scanned high resolution recent passport size photograph
• f the applicant

What documents required to furnish with e-form?

• The government fees for filing form for allotment of DIN is Rs.

500/- per applicant

Fees

• Private Limited

Company

• Public Limited

Company To Registrar in E- Form INC 1 On approval the names gets reserved for a period

• f 60 (Sixty)

days

File an application for reservation of name From the date

• f application

Application fee is

• Rs. 1000/-

Note:- The proposed name shall not be identical with or resemble too nearly to the name of an existing company registered under this Act or any previous company law, undesirable in the opinion of the Central Government, constitute an offence under any law for the time being in force.

File form INC- 7 (with supporting documents) Registrar

File form INC 22 along with reg. add. proof If registered office is permanent File form DIR-12 (particulars of Directors) On approval of name Within 60 days

Memorandum and Articles of Association of the company duly signed by the subscribers of the company and A declaration by an Advocate, a Chartered Accountant, Cost Accountant or Company Secretary in practice {shall be in form INC.8} and An affidavit from each of the subscribers to the memorandum and from persons named as the first directors {shall be in form INC.9} and The address for correspondence in case permanent registered office is not established Particulars of Subscribers to the memorandum such as name including surname and recent passport size photograph affixed and scan the same with MOA and AOA, residential address, nationality, etc. along with the proof of identity. {shall be in form INC 10} and Particulars of First Directors as mentioned in Articles of Association along with Proof of Identity {shall be file in form DIR-12 } and Particulars of the interest of persons mentioned in Articles as First Directors of the company in

• ther firms or body corporate along with their consent to act as Directors of the company

{shall be file in form DIR- 12}

Particulars of each person mentioned in the articles as first director of the company and his interest in other firms or body corporate Consent to act as director

Registered

• ffice

Temporary Permanent

In case if company furnished Temporary Address as Address of Correspondence at the time of filing Incorporation Form INC 7

File form INC 22 along with reg. add. proof

within 30 days

• f incorporation.

at the time

• f Incorporation

(along with INC 7)

Attachments (any of the following):-

• Any utility bill which shall not be older than 2 months
• the authorization from the owner or authorized occupant of the premises along with proof of
• wnership
• Notarized copy of lease or rent agreement in the name of the company not older than 1 month
• The registered document of the title of the premises of the registered office in the name of the

company

Registrar On receipt of E - form INC-7 , E - form DIR12 , E - form INC 22 (if required) Issues Certificate of Incorporation in Form INC 11 and allots Corporate Identity Number

cannot commence any business or exercise any borrowing powers Until:- Private Limited Company (having Share capital) Public Limited Company (having Share capital)

File with Registrar within 180 days

• f incorporation

A declaration in e- form INC 21 verification of its registered

• ffice in e-

form INC 22

If any person furnishes any false or incorrect particulars of any information or suppresses any material information, of which he is aware in any of the documents filed with the Registrar in relation to the registration of a company or at any time after incorporation it is proved that false documents etc been filed, the promoter, the first Director and the person making declaration for incorporation shall be:-

 punishable with imprisonment for a term which shall not be less

than 6 months but which may extend to 10 years and

 shall also be liable to fine which shall not be less than the amount

involved in the fraud, but which may extend to three times the amount involved in the fraud.

Thank You !