Skip to main content

Encourage Leadership : Importance of Leadership in Organization

We know poor management impacts productivity in negative ways. Good leadership can help retain well-qualified and experienced individuals. If there is a right moment when managers are called to see beyond their plans and business objectives and truly motivate, inspire, challenge and lead their employees, that moment is now. A challenge? Yes. An opportunity? Yes.

Inspirational leadership skills are becoming increasingly necessary for today's corporate leaders. The rapid advancement of technology combined with globalization and ongoing societal changes has changed the focus of business strategies. More and more, companies rely on the dedication of talented employees and on co-creating value with customers. Success through this approach can only be achieved through inspirational leadership.

Why global businesses seek inspirational leadership It is no longer sufficient for corporate leaders to manage their business simply through the application of previously successful business strat…

How much cost to register company in india

Registering a startup or a new business in India first and foremost one has to go by, there are some official procedures a startup or a company has to follow in order to register them in Indian official records, MCA (ministry of Corporate Affairs) has to made registration process online few years back, please find below on how to go about these process when you want to register your company.
One don’t need to visit corporate office, you can apply for registration just sitting at home. We will help you to get a legal license for your business. The registration includes some must follow rules and some registration like Digital Signature Certificate(DSC), Director Identity Number(DIN) and filing for an eform.

These are four major steps:

  • Acquiring Digital Signature Certificate(DSC)
  • Acquiring Director Identification Number(DIN)
  • Filing an eForm or New user registration
  • Incorporate the company
It’s necessary to get registered yourself to run your business without any legal problem. India is a land of opportunity, no matter in which field your business is operating the chances of getting success is very high, so it just needs a start. starting an entrepreneurship in India would fetch you great success. fallow this post sincerely till you incorporate your final claim for your company. We assure one will end up in getting their business registered after following this procedure.

Know the basics first: What is mean by company, the private company and public company?

In India, there are about 7 lacks registered companies and every month thousands of firms apply for registration. company is a legal entity; According to Section 3 of companies act company means a legal entity formed and registered under Companies Act 1956. Under the ministry of corporate affairs, every company is to be registered by the registrar of companies for the state. This act maintains two types of companies called private and public companies. The ‘Limited’ is the most commonly used corporate form at the end of the company name. First you need to know what are these public and private companies and decide how you want your company to get registered.

When it comes to company registration, Every firm will have following two options:

  1. Private company:
  2. Public company:

The main differences between Private and Public companies are:

  • Minimum number of Board members required for a private company is two and for a public company is seven.
  • Private company can have maximum of only 50 members, but a  public company can have any number of members.
  • A private company can start its business as soon as it is incorporated but the public company shouldn’t start its business until it receives business commencement certificate.
  • Private company shouldn’t sell it’s shares to anyone or shouldn’t make any invitation to people regarding a company shares, but a public company can invite people to buy it’s shares by issuing a prospectus.
  • Private company may have two directors, but a public company must have at least three directors.

Lets start the registration procedure: 4 Steps

Step 1: Acquire Director Identification Number(DIN)

This is the first process in registration that each director of the company should obtain their identification number. As per the amendment act 2006, acquiring a DIN  is compulsory for every director i.e. as such every existing and intending directors have to obtain their DIN. To get DIN one need to file a eForm DIN-1. The DIN-1 form is available on Official site of the ministry of corporate affairs the link is DIN-1 Form.
  • Register yourself on MCA Website first and have a login id. After filling DIN-1 Form, one should upload the filled form by clicking to eForm upload button on MCA website and should pay applicable fees.
  • After getting generated DIN one should intimate their company about DIN. The director can intimate their company about DIN  by using DIN-2 Form.
  • Then company should intimate the Registrar of Corporates(ROC) about all director’s DIN through DIN-3 Form.
  • If there is any change in DIN or need for any updation  like change of address, personal details etc, then director should intimate this change by submitting the eForm DIN-4 Form.

Step 2: Acquire Digital Signature Certificate(DSC):

In order to ensure the security or authenticity of documents filed electronically the information act 200o demands a valid digital signature on the documents submitted electronically. This is the only and safest way that one can submit their documents electronically. The digital signature certificate should be acquired by only those agencies which are appointed by the controller of certification agencies (CCA). One should not use DSC given by any other agency which is not approved and it’s illegal to use others DSC as yours or the false one.
If you already have a digital signature then you can use the same, no need to apply for another. But do check for your digital signature validity, agencies issue DSC’s with one or two year validity after expiry you have to renew it.
One can acquire his/her Digital Signature certificates  from these government listed agencies like TCS, IDBRT, MTNL, SAFESCRYPT, NIC, nCODE Solutions etc. to check out their price details of these Govt approved agencies, Know more.

Step 3: Create a account on MCA Portal – New user registration

This is about having a registered user account on MCA Portal for filing a eForm, for online fee payment, for different transactions as registered and business user. Creating an account is totally free of cost. To register yourself on the MCA portal, click on the register link.

Step 4: Apply for the company to be registered.

This is the final major step in a registration of your company which includes incorporating company name, Registering the office address or notice of situation of office and notice for appointment of company directors, manager and secretary. And also regarding the take and pay for their qualification shares.
  • Form-1:
    • Form-1A: Application form for availability or change of a company name. Once you apply for new company name, the MCA will suggest four different form of your company name; you have to choose one among them. To do the same you have you have to fill Form-1A and submit.
    • Form-1: This is for application or declaration for incorporation of a company, in this form you have to fill the same name which you have chosen during application of form-1A.
  • Form-18:
    • This form is for notice of the situation of a new company office or change of situation of previously registered office.
    • For a new company you have to fill the form with genuine office address and submit.
  • Form-32:
    • For a new company, this form is for notice for appointment of new Directors, Managers and Secretary.
    • For an existing company, this form is for a change of directors, Manger, Secretary or company head.
After submitting these forms, once the application has been approved by MCA, you will receive a confirmation email regarding the application for incorporation of a new company, and the status of the form will get changed to Approved.

Detailed procedure for approval of the proposed company name:

For obtaining name for your new company, An application in Form-1A needs to be filed with the Registrar of Companies (ROC) of the state in which the Registered Office of the proposed Company is to be situated to ascertain the availability of a name along with an official service fee of Rs.500/-.
You have to provide four alternative names for the proposed company. Your company name shall not resemble the name of any other company already registered or violate the provisions according to Act, 1950.
In this form you have to fill name and addresses of directors (minimum 2 for a private company and 7 for a public company). You have to mention main objects of the company and authorized capital.
In about 10 days, the ROC will inform you about approval or objections. If there are any objections then ROC will suggest you with some available names and let you choose among them. If your company name is approved then you will receive a formal letter regarding the confirmation of the same. Keep the same which will be required during registration process of the proposed company.
If you find any difficulty or encounter any problem while obtaining the company name then do contact us, We will help you to sort out your problem.

Check these documents before submission of a company:

  1. DIN of all those directors of a proposed company.
  2. DSC – Digital Signature Certificate
  3. Original copy the of formal letter issued by ROC regarding availability of Company name.
  4. Form-1 for incorporation of a company.
  5. Form-18 for situation or address of the proposed company.
  6. Form-32 for particulars of proposed directors, managers and secretary.

Formalities to be followed while incorporation of a company:

  1. Obtain a TAN card
  2. Obtain a Permanent account number (PAN) from income tax dept. India
  3. If required: Documents obeying shop and establishment acts.
  4. If required: For foreign trade, Registration documents of import export code from Director General of foreign trade.
  5. If required: Registration documents of Software technologies Parks of India (STPI).
  6. If required: RBI approval for foreign companies investing in India and FIPB approval.
  7. Both Indian and foreign directors need to have valid Digital Signature Certificates from authorized agencies.
If you elect to incorporate with minimum authorised capital, which is Rs. 1 lakh, you will pay around Rs. 7,000 (this will be close to Rs. 15,000 in the three above-mentioned states). The higher the authorised capital, the higher this amount will be.


Popular posts from this blog

Sildenafil Citrate 150mg-Generic Medication for erectile dysfunction

Brief description:
Cenforce 150mg is an orally administered ED medication, which is especially prescribed for the treatment of the male impotence or erectile dysfunction(ED). It contains generic Sildenafil Citrate as a major active pharmaceutical agent, which exhibits its action by inhibiting the action of Phosphodiesterase enzyme which is responsible for the cause of male impotency. It supports the male to reach and maintain an adequate erection for satisfactory lovemaking.
Mechanism of action:
Sildenafil Citrate as an active ingredient in Cenforce 150 mg, which works by inhibiting the phosphodiesterase type-5 enzyme PDE-5 is an enzyme, which breaks down and takes the place of cGMP and inhibits blood flow causing erectile dysfunction in men.
Cenforce increases the activity and concentration of cGMP by inhibiting the action of PDE-5 and acts by causing relaxation of vascular smooth muscles around male genital part and increases the blood flow to body tissues during arousal of sexual ac…

Let your infertility transit into fertility by HUCOG 2000 IU

Hucog 2000 IU is a super magical approach in the field of infertility treatment. It has been recommended by expertise to treat infertile cases all over the world.  Main active constituent of HUCOG is Human gonadotrophic hormone which is obtained from pregnant woman’s urine. Hucog is helpful to treat both male and female infertility. Hucog is available in dosage strengths of 500 IU-10,000 IU. Select your dose on doctor’s prescription only.

ØHow Hucog manages infertile treatment??? In case of men, the main reason of infertility is insufficient or less amount of sperms. Hucog increases production of testosterone hormone which further stimulates sperm production and also responsible for puberty signs. By this way Hucog also found helpful in reducing the symptoms of delayed puberty in males. For female’s infertility treatment, Hucog stimulates egg production from ovaries. It shows its activity by promoting replication of leutinizing hormone which supports maturation of ovarian follicles. On ma…