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FORMING A COMPANY

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

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  1. FORMING A COMPANY PRESENTED BY: PAVNEET KOUR 43-MBA-06

  2. STAGES INVOLVED IN THE PROCESS • PROMOTION • REGISTRATION OR INCORPORATION • CAPITAL SUBSCRIPTION • COMMENCENT OF BUSINESS

  3. PROMOTION

  4. 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

  5. REGISTRATION OR INCORPORATION

  6. 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

  7. 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

  8. REGISTRATION OF COMPANY Registrar examines the documents and if satisfied issues a CERTIFICATE OF INCORPORATION

  9. 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 ]

  10. EFFECT OF REGISTRATION • DISTINCT LEGAL ENTITY • PERPETUAL SUCCESSION • RIGHTS OF SHAREHOLDERS

  11. CAPITALSUBSCRIPTION

  12. INVITING PUBLIC SUBSCRIPTION • FILE COPY OF PROSPECTUS • PROSPECTUS ISSUED • INVESTORS APPLY • SHARE CERTIFICATES ISSUED

  13. COMMENCEMENTOF BUSINESS

  14. COMPANIES ISSUING PROSPECTUS CANNOT COMMENCE UNTIL • SHARES ALLOTED • EVERY DIRECTOR HAS PAID • NO MONEY IS LIABLE TO BE REPAID • DECLARATION

  15. COMPANIES NOT ISSUING PROSPECTUS CANNOT COMMENCE UNTIL • A STATEMENT IN LIEU OF PROSPECTUS • EVERY DIRECTOR HAS PAID • DECLARATION

  16. THANK YOU!

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