Company registration & incorporation in Gurgaon

Start a newCompany is a life time decision for anyone and being an entrepreneur, it requires in depth strategic, business and legal considerations. We understand and appreciate that our dedicated team assists you in company registration& incorporationin Gurgaon in a simple and economical way. We also assist those who want LLP to convert their structure into a PrivateLimited Company or are already into business as a proprietorship or a registered partnership firm.
Company registration & incorporation in Gurgaon India is regulated by the Companies Act, 1956 and is administered by the Ministry of Corporate Affairs (MCA) through the Offices of Registrar of Companies (ROC) in each State.

Process of Company Registration& incorporation in Gurgaon: (Step 1)

  • Filing of name application with the ROC.
  • Once, name is allotted, company registration documents have to be prepared and filed with respective ROC for registration.
  • Up on scrutiny of documents, in a day or two the ROC registers the Company and issue the Certificate of Incorporation.

Procedure of Company Registration & incorporation in Gurgaon: (Step 2)

To initiate your Public or Private Limited Company formation process in India, you need to follow the following steps.

1. Limited Liability

First and foremost benefit of doing business via company is the limited liability conferred upon the company's directors and shareholders. As a sole trader or partnership business, personal assets of the proprietor or partners can be at risk in the event of a failure of the business, but this is not the case for a Company. The unfortunate events like business failures are not always under an entrepreneur’s control; hence it is pivotal to secure the personal assets of the businessman in the event of crises.
Unlike proprietorship and partnership, if a Company becomes insolvent and is wound up, only the assets of the company are used to clear its debts. The Directors or Shareholders of the company have no personal liabilities and are not made bankrupt and are free to carry on business.

2. Legal Entity/Status or Recognition

A private limited company is a legal entity, a juristic person established under the Act. It has its existence separate from its directors and members.
Private limited company status enables you to be taken more seriously than a proprietorship/partnership status does.
Operating as a private limited company often gives suppliers and customers a sense of confidence in a business. Larger organisations in particular will prefer in dealing with private limited companies than proprietorship/partnership organisations.
Easy to attract quality workforce and achieve strategic motivation of employees by using flexible and wide range of management designations.

3. Perpetual Succession

Another important characteristic of a private limited company is perpetual succession. It is a popular saying that the directors may come and go the members may come and go, but the existence of a company remains forever. A company once incorporated remains alive unless and until it is wound up by complying with the provisions of Law. The death, disability or retirement of any of its members does not affect the continuity of the company, irrespective of change in its membership.
There is no obligation for a Private limited company to commence business/trading within any set time period after its incorporation.

4. Project Cost and Risk Factors

For entrepreneurs going for hi-tech or high capital outlay projects it is always advantageous to go in for a company form of organisation. Where the financial stake involved is high, it is found that banks and financial institutions while sanctioning financial assistance, insist on having a private limited company.

5. Easy Transferability

Where it is proposed to sell the business as a going concern, all that is required is to transfer the entire shareholding to the purchaser and thus facilitate easy change in management and ownership. This will save time and money of the Promoters. Huge amount of stamp duty is saved.

6. Dual Relationship

In the company form of organisation it is possible for a company to make a valid effective contract with any of its shareholders/directors. It is also possible for a person to be in control of a company and at the same time be in its employment. Thus, a person can at the same time be a shareholder, director, creditor and employee of the company.
For example:

  • As a director he can receive remuneration.
  • As a shareholder he can receive dividend.
  • As a lessor he can receive lease rent.
  • As a creditor he can lend money and earn interest.
  • As a supplier he can supply goods from his/his family business.

7. Borrowing Capacity

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured, accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to the company rather than partnership firms or proprietary concerns.