Download - Company Registration Final
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Definition of a Company
Objective of Company Act 1956
Company Registration Advantages of Registration
Disadvantages of Registration
Registration Process
Modes of Registration Registration, a birth certificate
Case Study
Conclusion
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CompanyGroup of individuals
formed for purposeNon-
Economic
Economic
An ArtificialPerson
Created ByLaw
Distinct NameLimited
Liability
Perpetual
Succession
Company
Pany = Bread
Com = Come
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Development of a Company
Protect the interest (Share Holders)
Safe guard the interest (Creditors) To equip the government with necessary powers
Attain Goal of economic policy
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Registered identity under the law that governsbusiness and commercial transactions.
Business + Companies Act of 1956
Both notify legal Existence of a new entity
Identity to child as individual and member of society.
Individual + Birth and Deaths Act, 1969
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Separate legal entity
Limited Liability of members
Perpetual succession Capacity to Sue and be Sued
Government Subsidiaries & Tax benefits
Joint Ventures
Mergers & Acquisition
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Increased Formalities and Expensive Formation
Loss of Privacy
Control By Few Unlimited Liability
Long Winding-Up Procedures
Not a Citizen
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Type of Company
Loc. Of Registered Office
Selection of Name
Ascertaining of Name
Approval of Name
DIN
Digital Certificate
CIN
Filing of MOA, AOA
& other document
Stamping, D.S & e-filing
Payment of Fees
Private Company
Cert. of
incorporation(ROC)
Registered BusinessCommencement
Public Company
Filing of prospectus
Cert. of Commencement
Registered BusinessCommencement
Start
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Offline: Regional Registrar of Companies Office.
Online: Submission to Ministry of Corporate Affairs(www.mca.in)
Commencement
of MCA
Certificate ofCommencement
FeePayment
Processing by regionalOffice & Delhi HQ
Internet
Filing
Digital
Signature
PDF of
scanned doc
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Name to a Face Family Relation
Religion
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Experience
Eligibility for an activity
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King is dead, long live his kingdom. A company is like River Thames, Though flooded or
dried, will always be called Thames
Meat Supplier Guild-ford Ltd., (1966) 1
WLR 1112 ReCommon Seal
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Process is simplified.
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Members cannot individually or jointly claimownership rights.
Rajendra Nath Dutta v Shibendra Nath Mukherjee Calcutta 1982, 52Comp. Cos 293(Cal)
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Development of Country
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Availing Loans,
Insurance, etc.
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Increases scope to international assignments.
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Petitioner
Subscribed to MOA &AOA, which does notmake him a person incharge of andresponsible to thecompany for conduct of
its business.
In the High Court of New Delhi Case no. 1182/2009V.P. Bajpai (Petitioner) Vs. SEBI (Respondent) Justice V.K.Jain
Respondentwas not only apromoter but also aDirector of theCompany.
Order of CourtPetitioner liable
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Thus Registration lets people dealing with thecompany be aware of the constitution & documents ofthat company.
A Birth certificate cannot stop a child from his right tolive but his career path may not be as smooth.
Similarly, a firm without registration can beestablished. However, difficulties will arise in growth &expansion of the firm in future.
Registered Unregistered
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Thank You