Company Incorporation in Chennai | Registration in 12 days | Solubilis
Company Incorporation
Chennai
What is Company Incorporation
• Company Incorporation is a legal process to form the
corporate entity.
• The people with good knowledge and business ideas
can come together and start a company.
• Certainly people need to know about marketing the
business because in this competitive world, business
tactic are important since it is running a company.
• Such company must be registered for having the
goodwill for the company itself in the society.
The companies act was introduced in the year 1956. Based on
proposed revisions of the companies’ act 1956, present committee
was formed on 2nd December 2004. The present Companies
act 2013 speaks about the law covering incorporation, dissolution
and the running of the companies.
C Corporation vs S Corporation
C Corp S Corp
• It is similar to Private • It is similar to Limited
Limited Company Liability Company
• Should Pay tax along with • No need to pay tax, but they
income have to report the company
• There is no limit for number revenue as income
of the owners. • There is a limit for the
number of owners.
Types of Corporate Structure
• Functional
• Divisional
• Matrix
• Hybrid
Functional - The same department
employees are grouped when they have
equal skill, so that the employees can
communicate effectively
Divisional - There are many work teams, which can provide efficiency
Matrix structure provides the combination of both functional and divisional.
In this form of structure, there is freedom for decision making
Hybrid structure is greatly adopted by many organisations
Incorporation Process
• First step is to make sure that the name is available or
not.
• Secondly the article of association and memorandum
of association should be prepared.
• Documents like e- Form No.32, e-Form No 18 and e-
Form No 1 have to be submitted.
• All such documents will be signed, stamped and
provided with legal terms by the attorney. On
payment of the fees, Registration of Certificate (ROC)
is given.
Significance of Incorporation
• The shares can be transferred, succession is
perpetual and it is treated as separate legal
entity.
• There is greater flexibility and it has greater
independence to form the policies
• It is easy to raise the capital and the loans can be
got so easily.
• To sustain in the competitive market field, the
incorporation of the company is important.
Address
NO-3,, Muthukriishnan Street,, Pondy Bazar,,(Behiind Naiidu Hallll) T..Nagar,, Chennaii – 600 017..
Cellll Phone Number :+91 7810001000
http://companyiincorporationchennaii..iin/
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