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This document discusses the formation of companies under the Companies Act 2013 in India. It describes the key stages in forming a company: 1) Promotion, where the idea is conceived and requirements ascertained; 2) Incorporation, which requires registration with the Registrar of Companies by filing documents and paying fees; 3) Capital raising, where a private company raises funds from members and banks, and public companies issue shares through a prospectus; and 4) Commencement of business, where a private company can start after registration, while public companies need a certificate to do so. The conclusion states that the Companies Act 2013 aims to establish good corporate governance in India.
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https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
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Microsoft’s Digital Transformation Framework
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At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
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- 1. M . N . DEGREE COLLAGE Kammagondanahalli, Bangalore – 560015. SUBJECT Company Law and Administration. TOPIC : Formation of Company Act 2013 Presented By – SHALINI.D 3rd Semester B.com
- 2. INTRODUCTION • Company is a association formed for the purpose of doing a business having a district name and limited liability. • The company is managed on behalf of the shareholders by the Board of Directors.
- 3. JOINTSTOCKCOMPANY Joint Stock Company refers to a company having a joint stock or capital that is divided into units of ownership interest , such as share which may by transferred without consent of the other shareholders. According to H.L. Haney , “A Joint Stock Company is a voluntary association of individual for profits , having its capital divided into transferrable shares the condition of membership”.
- 4. FORMATION OF A COMPANY Stage 1- Promotion PROMOTION of a business refers to all those activities that are to be undertaken performed to establish a new business. Promotion includes conceiving ideas , ascertaining all basic requirements and arranging to set up the business units. This whole process is called promotion and person who does this called promoter.
- 5. Stage2-INCPORATION A joint stock company cannot be started without registration . Company comes to existence only when it is registered with Registrar of a company . Steps to be followed to register a company are – 1. Approval of names . 2. Filling of documents such as MOA and AOA. 3. Payment of registration fees.
- 6. STAGE3- CAPITALRAISING In case of a private limited company the capital is raise from members or banks and other sources. In public company the capital is raised from public through shares. To issue shares company should draft prospectus and get it inspected by SEBI {STOCK EXCHANGE BOARD OF INDIA} and follow all guidelines laid down by SEBI.
- 7. STAGE4- COMMENCEMENT OF BUSINESS. Private ltd. Company can start its business after registration (stage3). Public co. needs a certificate called certificate of commencement of business . Certificate of commencement is obtained from registrar of company.
- 8. CONCLUSION The Companies Act , 2013 has taken a great initiative in establishing good corporate governance in India. Various changes have been introduction through the said Act for establishing transparency , accountability and independence in the operations of a company.