The document outlines the key stages in forming a company:
1. Promotion, where an individual called a promoter undertakes initial work to establish the company.
2. Incorporation, which occurs when the company registers with the Registrar of Companies by submitting important documents like the Memorandum and Articles of Association.
3. Capital subscription, where a public company can raise funds from public issue of shares and debentures through steps like SEBI approval and allotment.
4. Commencement of business, the final stage where the company receives a certificate from ROC allowing it to begin operations.
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
Companies Act - Companies Act, 1956 - Features - Types of Companies Act under the Act - Introduction of Companies act 2013 - Structural Comparison - Objectives of the Act - Meaning and Features of the Company - Monitoring and Regulatory Authorities - SFIO - NCLT - Challenges of Companies act 2013 - Provisions of Company Act 2013 -
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
This ppt. includes brief about the Memorandum of Association (MOA) and Clauses of Regulatory Framework of Companies :-
1.Introduction, meaning and importance of MOA
2.Purpose of MOA and Contents
3 Clauses of MOA well defined and tuned
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
Companies Act - Companies Act, 1956 - Features - Types of Companies Act under the Act - Introduction of Companies act 2013 - Structural Comparison - Objectives of the Act - Meaning and Features of the Company - Monitoring and Regulatory Authorities - SFIO - NCLT - Challenges of Companies act 2013 - Provisions of Company Act 2013 -
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
This ppt. includes brief about the Memorandum of Association (MOA) and Clauses of Regulatory Framework of Companies :-
1.Introduction, meaning and importance of MOA
2.Purpose of MOA and Contents
3 Clauses of MOA well defined and tuned
Ο πολιτιστικός προγραμματισμός στο πλαίσιο του επιχειρησιακού προγραμματισμο...odc ensemble
Παρουσίαση στο Συνέδριο: "Δημιουργική και πολιτιστικη οικονομία: Χωρικές Αναπτυξιακές Πολιτικές" που διοργανώνεται απο το Άριστοτελειο Πανεπιστήμιο Θεσσαλονίκης
The students will understand that learning simple past and past perfect tenses are necessary in conveying messages. Thus, it will make the Filipinos be vigilant and well-informed about the events happening inside and outside of the country.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
2. STAGES IN THE FORMATION OF A
COMPANY
PROMOTION
INCORPORATION OF A COMPANY
CAPITAL SUBSCRITON
COMMENCEMENT OF BUSINESS
3. PROMOTION OF A COMPANY
First stage in the formation of a company
Promotion means the initial work involved in
bringing a business concern into existence and
making arrangements for its proper running
4. PROMOTER
Promoter is a person who undertakes to
form a new company and carries out all the
preliminary work in connection with its
establishment as a going concern.
5. TYPES OF PROMOTER
Professional Promoters
Occasional Promoters
Entrepreneur Promoters
Financier Promoters
6. PROFESSIONAL PROMOTERS
Promotion is their main profession or
occupation
They are experts who specialise in company
promotion. They float the company and hand it
over to the shareholders or their representatives.
7. OCCASIONAL PROMOTERS
These promoter take interest in floating some
companies
They take up the promotion of some company and
once it is over they go to their original profession
Eg. Engineers, lawyers etc… may float some
companies
8. ENTREPRENEUR PROMOTERS
They are both promoters and entrepreneurs.
They conceive idea of a new business unit,
do the groundwork to establish it and
subsequently become a part of the
management.
9. FINANCIER PROMOTER
Some financial institutions like investment
banks or industrial banks, may take up the
promotion of a company with a view to
finding opportunities for investment.
10. FUNCTION OF A PROMOTER
Identification of Business Opportunities
Feasibility Studies
Name Approval
Fixing up signatories to the Memorandom of Association
Appointment of Professionals
Preparation of Necessary Documents
11. INCORPORATION
Second stage in the company formation
A company is said to be incorporated when
it is registered with the Registrar of Joint
Stock Companies.
12. The following documents are required to
be submitted to the Registrar of Companies:
Memorand of Association
Articles of Association
13. Agreement with the proposed directors
A copy of the Registrar’s letter approving the name of the
company
A notice about the exact address of the registered office
Documentary evidence of payment of registration fees
A statutory declaration that all the necessary requirements of
the law for registration have bee complied with
14. MEMORANDOM OF ASSOCIATION
It is the Charter or Magna Carta of the
company.
Most important document of the company
with which a company is registered
15. It defines the company’s objects, capital and
power
It governs the outside relationship of the
company
16. CONTENTS OF MEMORANDOM
OF ASSOCIATION
Name Clause
Registered Office Clause
Objects Clause
Liability Clause
Capital Clause
Association Clause
17. ARTICLES OF ASSOCIATION
It is to be filed with the registrar to get the
company registered.
It contains the rules and regulations for
internal management and administration of
the company
18. MEMORANDOM OF
ASSOCIATION
ARTICLES OF
ASSOCIATION
Constitution or charter
Fundamental document
Relationship between
company and outsiders
Compulsory
Contains the objects of
the company
Bye-laws of the company
Subsidiary document
Company and its
members
Not compulsory
Mentions the ways by
which the objects can be
19. CAPITAL SUBSCRIPTION
Third stage in the company formation
Here, the public company can raise the
required funds from the public by means of
issue of shares and debentures
20. The following steps are required for raising funds from the public:
SEBI Approval
Filing of Prospectus
Appiontment of bankers, brokers and underwriters
Minimum subscription
Application to stock exchange
Allotment of shares
21. PROSPECTUS
The Companies Act defines prospectus as “any
prospectus, notice, circular, advertisement or
other document inviting deposits from the public
or inviting offers from the public for subscription
or purchase of any shares or debentures of a body
corporate”
22. COMMENCEMENT OF BUSINESS
Last stage in the formation of a company
At this stage, the ROC issue a Certificate of
Commencement of Business to a public company
After getting this certificate, the company can
start its business