1. 1. Promotion stage
- Initial Stage / Theoretical Stage:
- Preparation of Essentials Documents / Practical Stage:
i. Preparation of Memorandum of association
ii. Preparation of articles of association
iii. Pre incorporation Contract (if any)
2. Incorporation / Registration stage
i. Covenant of MOA
ii. Covenant of AOA
iii. Execution of pre - incorporated contract
iv. Statutory Declaration
v. Stamp Duty (on capital)
vi. List of Director
vii. Declaration of Qualifying Shares
Certificate of incorporation or registration
Viii. Written Consent of Directors (only for public co.)
(Within seven days of incorporation)
ix. Notice of Location of Company Office
(Within 28 days after the date of incorporation)
x. licenses according to the nature of company
(Private company can start its business
Just after registration)
3. Raising of Capital or subscription stage
i. Issuance of Prospectus or (only for public co.)
ii. Statement in Lieu Of Prospectus (only for public co.)
4. Commencement of Business stage
Certificate of Business
After fulfillment of certain requirements if the
Registrar is satisfied, may issue certificate of business
And after that public company can formally start a
Business.
Subject: Company Law
Standard: LL.B second year
Topic: Formation of a Company
MUNIR HUSSAIN KTK
Lecturer
UNIVERSITY LAW COLLEGE
QUETTA
www.facebook.com/pages/Corridor-to-Commercial-Law
Pre incorporated
stage
Post incorporated
stage