The process of company incorporation in India is regulated by the Companies Act, 1956. The act states down the rules and regulation to be followed for establishing both private and public companies in India. Corporate lawyers India can be very helpful in this regard and provide valuable insights to the entire process of company formation in India. Top corporate law firms, India are ready to take through the step by step process of company formation. The step includes approval of the proposed name by the registrar of companies.
Corporate legal lawyers India will help in fulfillment of various conditions governing the registration of proposed name. On the other hand a foreign company looking to open its branches in India has to get the permission of Reserve bank of India. Corporate services of a law firm in Delhi India can be looked out for in such cases.
Corporate law India makes it mandatory to furnish the memorandum and article of association to the registrar. Under the guidance of
corporate legal lawyers Delhi various forms can be filled and duly signed. After the registrar scrutinizes such documents and is assured that all the formalities have been complied with, a certificate of incorporation is provided to the company.
The memorandum of association has to be signed by the promoters of the company and in case such promoters are from outside India, the signatures have to be made in presence of Consul of India. On receipt of the certificate of incorporation a private company can commence its business operations immediately while a public company has to invite application for subscription to its share capital. This has to be followed by issue of a prospectus providing information regarding the company. General
corporate law India makes it mandatory to publish a prospectus for inviting subscription of share capital. After filing in the statement in lieu of prospectus the company will be provided with a certificate of commencement. This is a proof that all the formalities have been compiled with and the company can commence its operations.
