What is a company?
Company Registration, Incorporate accounting, commerce students have to learn the accounting treatment of the issue of share capital, debenture, and its redemption, bonus, and the right issue at graduation level. They also have to solve the problems of the final accounts of different reading companies.
Example
I can explain the meaning of the company with a simple example. Suppose, two persons want to do business on a large scale but they have limited money.
They are also not interested to make partnerships due to their unlimited liability. They go to the office of the registrar of companies and fill the form of the creation of the company and attach required documents and also pay the required fees.
After this, the registrar will register their company. This registered company will be an independent Identity.
Explanation of Company
From the above example and definition, we can understand that company is a voluntary and free Company of persons. This is made to reach business objectives. It acts like a human being.
The company can purchase assets or sell them. It can take also debt, open a bank account. It is fully free from its members. The company makes go through a board of directors.
Company Registration Doc’s
List of Documents required for Company Incorporation in India.
For Identity Proof
Copy of Voter ID Card / Passport / Driving License
For Address Proof
Bank Statement / Electricity Bill / Telephone Bill
The Details of at least two Directors / Promoters of the company for obtaining DIN (Director’s Identifications Number)
Complete Name
Address (including City, State, Pin Code, Country)
Father’s Name
Date of Birth
Nationality
Profession
Photograph of every proposed Director. (Scanned photograph will do)
Copy of Passport as proof of identity and copy of Electricity Bill / Telephone Bill / Bank Statement / Driving License as proof of address. (A scanned copy will do)
Thereafter a provisional DIN would be obtained from the Ministry of Company Affairs and a copy would be sent for obtaining the signature of the applicant.
In this case of foreign residents the documents i.e. DIN Form, Proof of Identity, and Proof of Residence have to be attested by a registrar of the home country.
Details of the proposed company to be incorporated TWO Proposed names of the company in order of preference. Main objects of the proposed company.
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