REGISTER OF EMPLOYEE STOCK OPTIONS:
NAME OF REGISTER REGISTER OF EMPLOYEE STOCK OPTIONS:
SECTION Section 62 read with rule no 12 of the Companies (Share Capital and Debentures)
REQUIREMENT The Company shall maintain an Employee Register of Employee Stock options in Form No. SH.6 and shall forthwith enter therein the particulars of granted option (section 62 read with Rule no 12(10)(a)}
OTHER REQUIREMENTS Every entry made in the Registrar shall be authenticated by the secretary of the company or another person in the company as may be authorized by the Board (section 62 read with Rule no 12(10) (b)}
MAINTENANCE IN ELECTRONIC FORM: Every listed company having not less than 1000 shareholders, debenture holders and other security holders, shall maintain its records, as required to be maintained under the rules or the Act made thereunder, in electronic form {section 120 read with 27(1) of the companies ( Management and Administration rules) Rules, 2014)
INSPECTION: Inspection is not allowed.
PUNISHMENT EVENT: Maintain the register in the default manner.
Who shall be penalized?
Company and every director in default.
Penalty Quantum.
Maximum fine: INR10,000.
PENALTY CONTINUING.
Minimum fine INR 10000
PENALTY CONTINUING.
Maximum fine: INR 1000 for each day during which the default continues.
REGISTER OF INVESTMENTS NOT HELD BY THE COMPANY IN ITS OWN NAME:
[Section 450]
NAME OF REGISTER: Register of investments not held by the Company in its own name
Section/chapter Section 187 read with rule no 14 of the Companies (Meetings of Boards and its Powers) Rules, 2014.
REQUIREMENT Investments are made with securities in the name of the depository with the Company as a beneficial owner the company shall maintain a register regarding the same in Form No MBP3.
(Section 187(3) read with Rule no14 (1).
PLACE OF KEEPING The registrar shall be maintained at the company registered office. ( Section 187(3) read with rule no 14(3).
ELECTRONIC FORM MAINTENANCE: Every listed company or company that is not less than 1000 shareholders, debenture holders, and other company security .
A sum of Rs. 14,000 authorized for Rs 1 lakhs Capital, this is not the private limited companies requirement but all the businesses in the company that were carried out in India each of them must require some government registrations based on the offering.
PRIVATE LIMITED COMPANY
DOCUMENTS THAT THE COMPANY REGISTRATION REQUIRES:
For doing registration the company requires:
- Election Card or Voter- Identity card.
- Passport.
- Driving license.
- Electricity bill,
- Adhaar card,
- Ration card.
- Telephone card.
HOW TO REGISTER COMPANY
To register a company,
- Register your business name.
- Register your business as a legal entity.
- Register your business with IRS and the State revenue office.
- Get the business licenses which is right and permits.
TO REGISTER A PRIVATE LIMITED COMPANY:
It is the most popular type of corporate legal entity of India and most prevalent. Private Limited company registration is governed by the Companies Act 2013 and the Companies Incorporation rules 2014. Minimum two shareholders and two directors are required. MCA has implemented recently major changes to the process and made it simple to incorporate a company. We took the private limited company registration and process in detail.
PRIVATE LIMITED COMPANY REGISTRATION REQUIREMENTS:
A minimum of two persons is needed to act as the company directors. A Private Limited Company must have 2 Directors minimum and maximum of 15 directors. One of the Director of the Private Limited Company has to be Indian Resident and Indian Citizen. The other directors can be the foreign citizen.
DOCUMENTS REQUIRED FOR PRIVATE LIMITED COMPANY:
For Indian Nationals – PAN.
For Foreign Nationals – Passport.
The proposed directors can submit the following documents as the address proof.
For Indian Nationals – Passport/ Driver’s License/Ration card/Aadhar ID/Election ID.
For Foreign Nationals – Passport/Residence card/Driver’s License bank Statement.
Eventually, the proposed directors must submit the following documents as residence proof. This documents must be less than 2 months old.
For Nationality of Indian – Electricity Bill/ Bank Statement / Phone bill.
DOCUMENTS FOR DIRECTORS/SHAREHOLDERS.
Certain documents that directors and shareholders in the company requires.
- Recent passport size photographs.
- PAN card copy.
- Address proof copy.
- Bank Statement copy (Mobile phone/Landline Telephone bill).
INCORPORATION PROCESS.
All the proposed directors need Digital signature certificate.
All the proposed directors need Director Identification number.
Once if we apply DIN for a director which can be used in any number of companies for the appointment.
Your company name availability should be checked.
For approving name the client can offer six names.
Check the name availability with the company name of yours.
Six names are needed for their name approval
Check the name availability with the Ministry of Corporate Affairs.
The discussion should be made with the client for object confirmation and for the name.
Name form should be filed for their name approval with concerned Registrar of Companies (ROC).
After name approval, Corporate will arrange your company documents such as AOA, MOA, and Affidavits, etc.
The discussion should be made with the client for deciding their capital amount, there is no minimum capital limit that was prescribed for a Private Limited Company.
Get signed documents from the client after, we will file incorporate with required fees with ROC.
Obtaining a Certificate for incorporation.
Applying TAN AND PAN for the company.
PUBLIC LIMITED COMPANY REGISTRATION.
In a Public Limited Company, there is no restriction for the number of shareholders which is maximum and share transfers. The public limited company operates as a separate entity from its owners. Board of directors organizes the company. Minimum 3 directors and 7 shareholders are required to form a public limited company. The company name with the Last word “Limited” in the case of a Public Limited Company. At Corp store, we are available continuously to help you and know how to register a public limited company in Coimbatore.
BENEFITS
There is no restriction for shareholders.
Transfer shares between its members and in stock exchange people trading.
In case of death of any one of the shareholders in the company, his shares are transferred to the kin and the company can run its business continuously, But in the case death of directors an election is required separately is held to replace the deceased director.
A Public Limited Company is a company can issue share to the public through the stock market in this way they can enjoy the increased ability to raise the capital.
INCORPORATION PROCESS.
For incorporation process the company requires
- Digital Signature for every director in the company.
- Director Identification number for every director in the company.
- Once if you apply for DIN for a director then that can be used for any number of companies’ appointment.
- For company name, you should check the name availability.
- For their name availability, the client should fix names.
- Discuss the client for object confirmation and for the name.
- For their name approval should file the form with the concerned Registrar of companies.
- After name approval corporate will arrange your company registration documents such as AOA, MOA and affidavits etc.
- Should discuss with the client in the company for deciding their capital amount, there is no minimum limit for a private limited company prescribed.
- Discuss with the client for deciding their capital amount there is no minimum capital limit for the prescribed private limited company.
- After getting signed documents from the client, we will file incorporate with ROC with fees which are required.
- Need to get the incorporation certificate for the company.
- Applying TAN and PAN for the company.
