P A R Y & Co
 
P A R Y & CO
 
 
PROFESSIONAL SERVICES

FAQ

Company Law

1.What is the meaning of the term "Company"?
A "Company" may be defined as a voluntary association of persons who have come together to carry on some business and sharing the profits, there from.

2.What is the procedure for registering a Company?

The first step in the registration process is getting a name approved for the proposed company. You can apply for a name in the prescribed form (Form-1A) along with the application fees (Rs.100/-) at the RoC. You can give a maximum of 4(four) names in order of preference in your name application. After getting the name approved, prepare the necessary documents for registration of the company and file the same at RoC along with the registration and filing fees. Registration and filing fees vary depending upon the Authorised capital. In addition, Memorandum of Association and Articles of Association and Form-1 require payment of stamp duty as per local stamp act.

3.What is a Digital Signature Certificate (DSC)?
Digital Signature Certificates are electronic format of physical signatures. DSC can be presented electronically to access information or services on the Internet, to prove the identity or to sign certain documents digitally.

4.Why is DSC required?
W.e.f. 16th September 2006 all the documents required to be filed with ROC have to be filed on portal of Ministry of Corporate Affairs at www.mca.gov.in using Digital Signature Certificate.

5.Who issues the Digital Signature Certificate?
A licensed Certifying Authority (CA) issues the digital signature. Various certifying authorities licensed by MCA include TCS, SIFY and MTNL etc.

6.Is Director Identification Number (DIN) a pre-requisite to apply for DSC?
It is not necessary that person should first have DIN number as a pre-requisite to apply for DSC. DSC can be obtained without DIN. But both DSC and DIN are required for filing any documents on portal of MCA.

7.What is the validity period of a Digital Signature Certificate?
The Certifying Authorities are authorized to issue a Digital Signature Certificate with validity or one or two years.

8.What is the legal status of a Digital Signature?
Digital Signatures have legal validity and are admitted in Court of Law for various purposes.

9.What are the various modes of winding up?
A company can be wound up in any one of the three following ways:
  • Winding up by the Court;
  • By the passing of an appropriate resolution for voluntary winding up at a general meeting of members;