The Companies Act of 1956 sets down rules for the establishment of both public and private companies. The most commonly used corporate form is the limited company, unlimited companies being relatively uncommon. A company is formed by registering the Memorandum and Articles of Association with the State Registrar of Companies of the state in which the main office is to be located.
The Registrar of Companies is responsible for the approval and reservation of company names. This is the first step to incorporating your company. If you wish to change the name of your company, you also need to apply to reserve the new company name. The ROC generally informs the applicant within seven days from the date of submission of the application, whether or not any of the names applied for is available. There are several advantages to incorporating your business, regardless of its size. Personal asset protection.