media (what is the procedure to register a media firm in india)

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what is the procedure to register a media firm in india

The Ministry of Corporate Affairs (MCA), Government of India, is the main body which authorizes, regulates and sets rules on how to 'Register a Company in India'. The MCA primary focus is on 'Administration of the Companies Act, 1956' and other Acts and Rules & Regulations drafted for corporate sector. Apart from governing the process to 'Register a Company in India' it also takes care of the followings:

• The Competition Act, 2002 to be replaced by Monopolies and Restrictive Trade Practices Act, 1969.
• Supervises over Institute of Chartered Accountants of India, Institute of Company Secretaries of India and the Institute of Cost and Works Accountants of India.
• Carries out the functions of Partnership Act, 1932, the Companies (Donations to National Funds) Act, 1951 and Societies Registration Act, 1980.

Steps for Registering a Company in India:

• Choose a maximum of six new names indicating main objects of the company. Proper care for 'same or deceptively similar names' should be followed.
• Availability of name (s) can be made on eForm1 A by logging in to the portal. A fee of Rs. 500/- has to be paid alongside and the digital signature of the applicant.
• After approval, registration of the new company can be filed on forms (Form 1, 18 and 32) within six months of approval.
• Draft memorandum and articles of association; get ratified, print and stamped with appropriate stamp duty.
• Get the Memorandum and the Articles signed by at least two subscribers, provide details like father's name, occupation, address and the number of shares subscribed for and get identified.
• Memorandum and Article should bear date, later than stamp date.

Registrars of Companies (ROC) appointed under Section 609 of the Companies Act covering the various States and Union Territories, are vested with the primary duty of registering companies floated in the respective States and Union Territories and of ensuring that such companies comply with statutory requirements under the Act. These offices function as registries of records relating to the companies registered with them, which are available for inspection by members of the public on payment of the prescribed fee.

The Registrars of Companies in different States primarily deal with the Incorporation of companies, change of name of companies, change of financial year, conversion of companies from Private to Public and vice versa, striking off of the names of companies, and default action against companies.

The steps to be followed for registering a private limited or a public limited company are enlisted here.

Steps to be taken to get incorporated a private limited Company:

• Select, in order of preference, a few suitable names, not less than four, indicative of the main objects of the company.
• Ensure that the name does not resemble the name of any other company already registered and also does not violate the provisions of Emblems and Names (Prevention of Improper Use) Act, 1950.
• Apply to the concerned ROC to ascertain the availability of a name in Form-1 A of the General Rules and Forms along with a fee of Rs.500/- If the proposed name is not available apply for a fresh name on the same application.
• Arrange for the drafting of the Memorandum and Articles of Association by the solicitors, the vetting of the same by the ROC and the printing of the same.
• Arrange for the stamping of the Memorandum and Articles with the appropriate stamp duty.
• Get the Memorandum and Articles signed by at least two subscribers in his own hand, his father's name, occupation, address and the number of shares subscribed for and witnessed by atleast one person.
• Ensure that the Memorandum and Articles are dated after the date of stamping.
• Get the following forms duly filled up and signed:
  -- Declaration of compliance Form-1
  -- Notice of the situation of the registered office of the company Form-18
  -- Particulars of the Director, Manager or Secretary Form-32 (ZIP - 278KB)
  
• Present the following documents to the ROC with the filing fee and the registration fee:
  -- The stamped and signed copies of the Memorandum and Articles of Association (3 copies).
  -- Form-1, 18 & 32 in duplicate.
  -- Any agreement referred to in the M & A.
  -- Any agreement proposed to be entered into with any individual for appointment as Managing or whole time Director.
  -- Name availability letter issued by the ROC.
  -- Power of Attorney from the subscribers in favour of any person for making corrections on their behalf in the documents and papers filed for registration.
  -- Pay the Registration and Filing Fee by Demand Draft/Banker?s Cheque if it exceeds Rs.1000/-
  -- Obtain the Certificate of Incorporation from ROC.

Additional Steps to be taken for formation of a Public Limited Company

• Consent of Directors to act as such in Form No.29.
• Arrange for payment of application and allotment money by Directors on shares taken oragreed to be taken.
• File the Statement in Lieu of Prospectus with the ROC in schedule-iv of the CompaniesAct.
• File a declaration in Form-20 duly signed by one of the Directors.
• Obtain the Certificate of Commencement of Business.

More information can be obtained from the website of the Ministry of Corporate Affairs

[forum_admin]

Registrar of Companies

Ministry of Corporate Affairs

ICSI: The Institute of Company Secretaries of India

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WikiAnswers - How do you Register Company in India