You heard it right, for many Indian MBA passout students, jobs are not an option and freshmen out of their college are starting up with new venture. EduhelpCentral nurtures their idea and guides them with the best possible way to go ahead, with right choice of company formation, website building, apps development, social media marketing, choosing payment gateways, assist in loans to startup. In this article, we give a primer of what types of companies, the Indian MBA students can go for, in order to seek the best choices for the startup growth in two years down the line.  The following are the different types of companies one can opt for-

1. i) A Private Limited Company is promoters a better image or standing or any business that is considering FDI or Employee Stock Options or Equity funding or Venture Capital funding.

Other options are OPC (one person company), LLPs (Limited liability partnership ), LLC (Limited liability company) which will be discussed in later blogs.

In order to open a Private limited company, you need to  show the following:

1. Colour PP Photograph
2. PAN Card – Self Attested
3. Indian Identity Proof – Any One Self Attested
   (Driving License / Passport / Aadhar Card / Voter ID Card)
4. Indian Address Proof – Any One Self Attested
   (Latest Bank Statement / Electricity Bill / Telephone Bill / Mobile bill)

Once you have all of the above, then follow these steps to start a business of your dreams –

STEP 1 :Getting a Digital Signature & DIN:

In lay man’s language Digital Signature is a kind of password which authenticate the user.DIN refers to Director Identification Number; Anyone who is proposed to be a Director of the company needs to have a DIN.

STEP 2 : Name Availability Check & Application for Name Reservation/ Approval:

HG will apply for Name Approval with the ROC. A maximum of 6 Names can be provided for Name approval.

STEP 3 : Drafting of Memorandum of Association (MOA) & Article of Association (AOA). , Filing & Uploading of Incorporation Forms:

• HG Corporate Advisors consults with you and draft your Memorandum of Association & Article of Association for your kind perusal so that your Company is incorporated with the best drafted Memorandum & Articles.
• Form 1 has been replaced with Form INC-7: For Application of Incorporation of Company.
• Documents Required: Memorandum of Association (To be prepared by HG)
• Article of Association (To be prepared by HG)
• Affidavit from Subscriber (Non Acceptance of Public Deposit – Format to be provided by HG)
• Id Proof of Subscriber (/Passport/Voter Id/Aadhar/Driving License – Any ONE)
• Residential Proof of Subscriber (Latest Bank Statement/Latest Mobile Bill/Latest Telephone Bill / Latest Electricity Bill)
• INC 9 & INC 10 as attachment in Notarized Stamp-paper (Format shall be provided by HG)

STEP 4 : Company Address Form 22 for situation of Office Address

STEP 5 : DIR-12 for information regarding the Directors:

Declaration by Director (Format to be provided by us). Consent Letter by Director (Format to be provided by HG)

STEP 6 : Getting Incorporation Certificate:

After Uploading the Forms, generally within 3-7 working days, a Company Incorporation Certificate is received.

If you want one to one guidance, and allow us to help you, we at EduhelpCentral can offer your venture idea to take its shape, through the first step of company formation as indicated above. However, we also provide end to end solutions to bring maturity to your business idea. Our experts would understand your intensions offer to website (e-commerce) building with international standard looks, that are responsive to smartphone and laptops. They further can help to build adaptable smartphone apps, linked to payment gateway for your first sale using m-commerce. While you may need to promote it quickly, want more customers in a given area, our social media marketing experts would provide you tailored solutions, add CRM tools, as per your budget to harness thousands of customer base in a few months time visiting your website. Sounds interesting? Anywhere in India, MBAstudents passing out this year, call us right away shedding your fears +91.8013000664, fix a scheduled one to one appointment, or a Skype meeting with Sandip.