Delhi, India -- (SBWIRE) -- 10/24/2011 -- One of the most crucial and initial steps after the formation of a Company is its registration. The act of the incorporation of a company is called company registration.

Through it, the Government or the agencies recognize the company as a separate entity constituted by a body of people, gaining a legal identity of its own. Today a new company registration has become a very simple job in some parts of the world. In UK, for e.g., a new company can get electronically registered on the same day as it is conceived. Solicitors and accountants are involved in the registrations and they usually subcontract incorporation out to specialized company incorporation agents.

Most of the agents offer attractive schemes and company formation packages that cover the cost of carrying out paper filing directly with Companies House, but does not cover the cost of witnessing documents or preparation of memorandum & articles of association for the company which would usually be carried out by a solicitor or accountant. The formation of a company through the paper filing method takes about a month. Different countries have their own the Companies Act, which gets revised from time to time. One of the requirements under the Act for forming a company is that the provision of various documents and the registration fee to the Registrar of Companies.

The Articles of Association, which is generally called just ‘articles’ is the document which provides for the rules for the running of the internal affairs of the company. The company's articles sent to the Registrar are to be signed and approved by each subscriber before the presence of witness who too, must attest the signature. Form IN01 consists of the proposed situation of the Registered Office and the details of the consenting Secretary and Director(s) and the subscribers. When it comes to a company limited by shares, details of the share capital too, have to be furnished. The form would also include the Statement of Compliance that acknowledges that compliance with the requirements of the Companies Act. The Memorandum of Association is an important step for the company formation. Basically, this includes the names and signatures of the subscribers who wish to form the company. For a company limited by shares, a commitment has to be given by the subscribers to obtain at least one share each.

Electronic process is today being increasingly followed across the globe for company formation and copyright registration, It is easy to use the procedures electronically, through compatible software which works with the Companies House eFiling service and an account with Companies House. The agents, who are linked up with the process have access to the details of those applying for the company registration.

The gents have their own websites and there could be differences in the processes due to their website and software implementation. Companies House always possesses a list of company formation agents that have been subject to and passed integration testing. In this way as outlined above, company formation has become quite easy in today’s times.

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