Company incorporation is a major work to do before
setting up finances and discussing markets. First thing first, there is a lot
of paperwork and details to be sorted out. A lot of complex legal framework can
mess up your good work and sink your company under the water!
There are three major rules that mainly work for
the upcoming companies and should be kept in mind!
Together, rule number 8, 9, and 36 are the
important ones which describe all the major procedures for incorporation of the
company and its subsequent naming. Here are a few salient points about these
procedures:-
●
The first
rules state the name of the company should not be “undesirable “to the work or
against the main members of the company. The
name of the company which is not in sync with the principal objects of the
company by simple conjunction of association. The name is vague. Or it may
produce a false impression on its clients and mistakenly refer to other
products or services.
●
The name
which is intended or likely to produce a misleading impression regarding the
scope or scale of its activities which would be beyond the resources at its
disposal cannot be chosen.
●
If the
company changes its services, then the name of the company needn’t be changed.
●
If the
company is named after a particular person or relative, then it must be done so
with the consent of the person and the board
●
The
details for incorporation of a company in India can be uploaded in an e-form.
Errors can be rectified in 15 days. Else the registrar provides another 15 days
for rechecking and corrected submission.
●
The name
of the company cannot be similar to any other company providing the same kind
of goods and services.
●
The kind
of legal framework required for the incorporation of the company should be
dealt with a lawyer.
●
The board
of trustees in any forming company should be allowed to know all the
regulations that are being stipulated in the forming contract.
Of
course, there are companies like Mahaveer and Singhvi Associates- (http://www.ca-msa.com/)
which can help you iron out and sort out all kinds of details that become a
huge jumble while forming a company. After all, even with recent laws easing up
the situation, company incorporation is a tough task and companies like this
are needed for you to guide the way!
