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FORMING A COMPANY. PRESENTED BY: PAVNEET KOUR 43-MBA-06. STAGES INVOLVED IN THE PROCESS. PROMOTION REGISTRATION OR INCORPORATION CAPITAL SUBSCRIPTION COMMENCENT OF BUSINESS. PROMOTION. STEPS INVOLVED. IDEA DETAILED INVESTIGATION ASSEMBLING THE PROPOSTION SECURING COOPERATION

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forming a company

FORMING A COMPANY

PRESENTED BY:

PAVNEET KOUR

43-MBA-06

stages involved in the process
STAGES INVOLVED IN THE PROCESS
  • PROMOTION
  • REGISTRATION OR INCORPORATION
  • CAPITAL SUBSCRIPTION
  • COMMENCENT OF BUSINESS
steps involved
STEPS INVOLVED
  • IDEA
  • DETAILED INVESTIGATION
  • ASSEMBLING THE PROPOSTION
    • SECURING COOPERATION
    • SECURING PATENTS
    • ACQUISITION OF SITE
    • ARRANGEMENTS FOR EQUIPMENTS
  • PREPARE FINANCIAL PLAN
  • PRIVATE OR PUBLIC COMPANY
documents to be filed
DOCUMENTS TO BE FILED
  • MEMORANDUM OF ASSOCIATION [SEC. 33(1)(a)]
  • ARTICLES OF ASSOCIATION

[SEC. 33(1)(b)]

  • AGREEMENT (IF ANY)
  • NOTICE OF ADDRESS OF REGISTERED OFFICE [SEC. 146]
  • LIST OF DIRECTORS
documents to be filed1
DOCUMENTS TO BE FILED
  • WRITTEN CONSENT OF EVERY PROPOSED DIRECTOR
  • DECLARATION SIGNED BY ANY OF THE FOLLOWING:
    • ADVOCATE
    • ATTORNEY
    • SECRETARY OR CHARTERED ACCOUNTANT
    • PERSON NAMED IN ARTICLES
registration of company
REGISTRATION OF COMPANY

Registrar examines the documents and

if satisfied issues a

CERTIFICATE OF INCORPORATION

conclusiveness of certificate of incorporation
CONCLUSIVENESS OF CERTIFICATE OF INCORPORATION
  • ALL REQUIREMENTS OF COMPANIES ACT HAVE BEEN COMPILED
  • DULY REGISTERED COMPANY
  • BIRTH CERTIFICATE OF THE COMPANY [JUBILEE COTTON MILLS LTD. v. LEWIS ]
effect of registration
EFFECT OF REGISTRATION
  • DISTINCT LEGAL ENTITY
  • PERPETUAL SUCCESSION
  • RIGHTS OF SHAREHOLDERS
inviting public subscription
INVITING PUBLIC SUBSCRIPTION
  • FILE COPY OF PROSPECTUS
  • PROSPECTUS ISSUED
  • INVESTORS APPLY
  • SHARE CERTIFICATES ISSUED
companies issuing prospectus
COMPANIES ISSUING PROSPECTUS

CANNOT COMMENCE UNTIL

  • SHARES ALLOTED
  • EVERY DIRECTOR HAS PAID
  • NO MONEY IS LIABLE TO BE REPAID
  • DECLARATION
companies not issuing prospectus
COMPANIES NOT ISSUING PROSPECTUS

CANNOT COMMENCE UNTIL

  • A STATEMENT IN LIEU OF PROSPECTUS
  • EVERY DIRECTOR HAS PAID
  • DECLARATION