The Indian private corporate sector has been gaining importance over
the past few years. With the changing economy, rising competition and
growth in privatisation, the business houses needs the services of legal
professional to overcome with legal issues involved in business
activities. These services include intellectual property laws that
comprises of copyrights, patents, trade secrets, trademark registration,
company registration, etc.
In India, a law firm plays an important role in
providing reliable services to the corporate sector under the Companies
Act, 1956. Law firm comprises of a team of well qualified and great
experienced business law attorneys that offers domestic as well as
international business legal services and solutions at affordable rates.
They offer wide varieties of company services and also help in the
prevention of many future issues.
Company registration is one of
the most famous and recommended corporate law services demanded by the
various corporate sectors and business houses. Here, companies are
registered under Companies Act 1956 in which companies are treated as
separate legal entity. This is mandatory for all the companies for their
legal existence. There are number of professionals providing company
registration services in India. It is always better to get company
registered at the earliest as it will protect the business in case of
any mishaps. Also, the government provides various incentives for
registered business organizations like tax reductions etc.
Role of law firms in Company Formation
Law
firms helps in incorporation and registration of the company on
worldwide basis. Law firm’s attorney incorporates the private limited
company, public limited company, partnership firm etc. as per the
requirements of the business.
Every
company needs to register with the registrar of companies and file the
compulsory documents for various statutory requirements. These statutory
requirements are quite complex for a common man to understand. And,
here comes the role of a law firm. Business law attorney
are expert in drafting of pre-incorporation agreement, shareholder
agreement, promoter agreement, memorandum & Article of Association,
etc., which are required for company registration.
Legal Requirements
A
company has to comply with a lot of procedures as covered under
companies Act. For example- every company should display their names
(including the word limited) at everyplace of business or office,
Stationery should include the company’s name, place of registration,
registration number and address of the registered office, etc. To form a
limited company, the following documents must be filled with the
Registrar of Companies:
It is recommended to all types of business houses whether small or big, may be private or public to follow all types of corporate laws in order to get legal benefits and to hire a professional body to assist in all the legal formalities.