The document discusses the formation of Joshi Group & Co, a private company established by Biraj Joshi, Aamir Khan, and Sushobhan Acherjee. It outlines the key steps in forming a company, including promotion, incorporation, and raising capital. Some of the important documents required for registration include the memorandum of association, articles of association, consent from directors, and documents establishing the company's stated capital. The memorandum establishes items like the company's name, objectives, liability of members, and capital structure. The articles of association describe the internal regulations and governance of the company.

1. PRESENTED BY:
Aamir Khan
Biraj Joshi
Sushobhan Acherjee
FORMATIONOF A
COMPANY
Joshi Group & Co

2. Company means an association of many persons
who contribute money or money`s worth to a
common stock and employed for a common
purpose. The common stock so contributed is
denote in money and is capital of a company.
The person who contribute it or to whom it
belongs are members.
Our company is a private company.
COMPANY:
Joshi Group & Co

3. FORMATIONOF COMPANY…
STEPS INVOVED:
Promotion
Incorporation
Raising of Capital
Joshi Group & Co

4. Joshi Group & Co

5.  It may be noted that before a company is actually
formed, certain persons, who wish to form a
company, come together with a view to carry on
some business. Such persons have to decide various
questions
a) Which business they should start
b) They should form a company
c) Which type of company they required
d) What should be the capital of company.
INTRODUCTION..
Joshi Group & Co

6. Promotion of a Company : The promotion of a company
refers to all those steps which are taken from the time of having an
idea of starting a company to the time of actual starting of the
company business.
Who is a promoter?
1. People who think of forming a company and take necessary steps
in its formation are known as “Promoters” or “Company
Promoters”.
2. The person who conceives such an idea is called “Company
Promoter”.
Stages in formation of a company
Joshi Group & Co

7. 1) Mr. Biraj Joshi
2) Mr. Aamir Khan
3) Mr. Sushobhan Acherjee
Promoter’s of our Company
Joshi Group & Co

8. Joshi Group & Co

9.  AN INDUSTRIALIST LICENCE IF THE PROPOSED
BUSINESS IS COVERED BY INDUSTRIES ACT 1951
 AN IMPORTANT LICENCE IS REQUIRED IF
MACHINERY IS IMPORTED
 APPROVAL OF GOVT. IN CASE OF FOREIGN
COLLABRATION
 APPROVAL OF GOVT. UNDER MONOPOLIES AND
RESTRICTIVE TRADE PRACTICE ACT 1961, IF
NECESSARY
IMPORTANT DOCUMENTS BEFORE
APPROACHING THE REGISTRAR :-
Joshi Group & Co

10.  MEMORANDUM OF ASSOCIATION
 ARTICLES OF ASSOCIATION
 LIST OF THE DIRECTORS
 CONSENT LETTER FROM DIRECTORS
 STATEMENT OF CAPITAL
 STATUTORY DECLARATION
DOCUMENTS NEEDED :-
Joshi Group & Co

11.  The second stage for establishment of a company is to
get the company incorporated or registered. The
promoters have to prepare and file a number of
documents with the registrar.
1-The memorandum of association signed by at least seven
persons
2-The articles of association signed by at least seven persons
3-Promoters have to file a prospectus or statement in lieu of
prospectus with the registrar.
4-A list of directors and their willingness to act, duly signed by
each of them.
5-Notice of address at which the registered office of the
company will be situated.
Registration and Incorporation of a Company:
Joshi Group & Co

12.  Memorandum of association is the basic document of
a joint stock company.
 It is known as the charter of the company.
 It sets out limits outside which the company cannot
go.
 To enable the shareholders, creditors and all those
who deal with the company.
Memorandum of Association
Joshi Group & Co

13. 1. Name Clause.
2. Registered Office clause.
3. Objective Clause.
4. Liability Clause.
5. Capital Clause.
6. Association Clause.
CLAUSES (CONTENTS) OF MEMORANDUM OF
ASSOCIATION
Joshi Group & Co

14. NAME CLAUSE
Joshi Group & Co

15. Joshi Plaza, First Floor, Mumbai-Agra
Road, Ambad, Dist. Nashik-422010
Maharashtra, India
(M) +91-9960454162
(O) + 0253-2483700
Email : joshigroup@gmail.com
Registered Office Clause
Joshi Group & Co

16. 1) Patil Plaza, 2nd Floor, Senapati Bapat Marg.
Lower Parel, Mumbai-400013
2) Electronic city, Bangalore
3) Salt-lake sector-2, Kolkata, west Bengal- India
SITUATION CLAUSE :-
Joshi Group & Co

17. Product
Everest Shoes & Sandals

18. Our business objectives are the results us hope to achieve and
maintain as we run and grow our business. As an entrepreneur,
We are concerned with every aspect of our business and need to
have clear goals in mind for our company. Having a
comprehensive list of business objectives creates the guidelines
that become the foundation for our business planning.
 To establish, maintain, conduct, provide or make available of
product of every kind including Student, Professors, Sports,
trekking and others.
 To carry on the business as importer, exporter, buyers, lesser
and sellers of and dealers in shoes and sandals .
OBJECTIVE CLAUSE :-

19.  To buy, sell, manufacture, repair and exchange, let on hire,
export and deal in all kinds of articles and things which may be
required for the purposes of any of the said business.
 To apply for and acquire any statutory or other power, right.
 To purchase or otherwise acquire and undertake the whole or
any part of the business, property, right and liabilities of any
person, firm or company carrying on any business which this
company is authorized to carry on or right suitable for any of
the purposed of the company and to purchase, acquire, sell &
dell in property, shares, stocks, debenture of any such person,
firm or company and to conduct, make or carry into effect any
arrangement in regard to the winding up of the business of any
such persons, firm or company.
OBJECTIVE CLAUSE :-

20.  To receive money, valuable and goods and materials of all kinds
of depositor for safe custody.
 To lend money and other property, to guarantee the
performance of contracts and obligations of all kinds, to act as
agents in the management, sale and purchase of property and
generally to transact business as capitalists and financiers.
 To construct and develop residential or industrial colonies for
the general advancement of members, employees or others.
 To distribute any of the property of the company amongst the
members in specie or kind subject to the provisions of the
Companies Act in the event of winding up.
OBJECTIVE CLAUSE :-

21.  The liability of the members is limited
LIABILITY CLAUSE :-
Joshi Group & Co

22.  Joshi Group & Co has Rs. 2,00,00,000 as its
authorized capital divide into 10,00,000 equity
shares of Rs. 10 each and 2,00,000 pref.
shares of Rs. 50 each. Company issued
8,00,000 equity shares and 1,00,000
preference shares . The public subscribed for
6,00,000 equity shares and 1,00,000 pref.
shares . All shareholders paid the amount with
the exception of 50,000 equity shares @ Rs. 5
per share .
CAPITAL CLAUSE :-
Joshi Group & Co

23.  Authorised capital
10,00,000 equity shares of Rs. 10 each → Rs. 1,00,00,000
2,00,000 pref. shares of Rs. 50 each → Rs. 1,00,00,000
___________________________________________
---------------------------------------> Rs. 2,00,00,000
___________________________________________
Issued Capital
800000 Equity shares of Rs. 10 each → Rs. 8000000
100000 pref. share of Rs. 50 each → Rs. 5000000
__________________________________________
----------------------------------------> Rs. 13000000
__________________________________________
Subscribed capital
600000 equity shares of Rs . 10 each → Rs. 6000000
100000 pref. share of Rs. 50 each → Rs. 5000000
___________________________________________
---------------------------------------> Rs. 11000000
___________________________________________
Called up capital
600000 equity shares of Rs. 10 each
Called up only Rs. 8 per share → Rs 4800000
100000 pref. shares called up @ Rs. 40 each → Rs. 4000000
____________________________________________
------------------------------------------------> Rs. 8800000
____________________________________________
Paid up capital
Called up equity capital less calls in arears
of Rs. 5 each --------------------------------→ Rs. 4550000
paid up capital of pref. shares ---------------→ Rs. 4000000
_____________________________________________
----------------------------------------------> Rs. 8550000
Joshi Group & Co

24. Biraj Joshi
C.E.O of Joshi Group & Co.
Shivaji chock, old cidco Nashik-422009, Maharashtra
Aamir Khan
C.F.O of Joshi Group & Co.
#36 china town, Commercial Plaza, Bangalore-06
Sushobhan Acherjee
G.M. of Joshi Group & Co.
M.S Ramaiah Extention 14th Main Mathikere , Bangalore
560054
ASSOCIATION CLAUSE:-
Joshi Group & Co

25.  After memorandum of association, Articles of
Association is the most important document to
prepare and present to registrar for incorporation or
registration.
 Article of Association explains about the rules and
regulation of a company, it discusses the internal
points and boundaries that the company can’t go
beyond that.
ARTICLES OF ASSOCIATION
Joshi Group & Co

26.  Articles of association is a legal document second in
importance to memorandum.
 The articles of association are regulations which governs
the internal organization and conduct of the company.
 The articles of association describe powers of the
directors, other officers and shareholders as to voting
etc.
 It also describes the mode and form in which changes in
the internal regulations of the company may from time
to time be made.
 The articles are subordinate to the memorandum and
they cannot go beyond the scope of the companies act
and memorandum of association.
Joshi Group & Co

27. 1. Capital:
The authorized share capital of the company shall be in
accordance with Clause V of the Memorandum of
Association of the company with such rights, privileges and
conditions respectively attached thereto as may be from
time to time conferred by the Regulations of the company
and the company may in its General meeting from time to
time increase or reduce its capital and divide the shares in
the capital for the time being into several classes,
consolidate or sub-divide the shares and attach thereto
respectively such preferential, qualified or special rights,
privileges or conditions as may be determined by or in
accordance with the AOA of the company.
CONTENTS OF ARTICLES OF
ASSOCIATION
Joshi Group & Co

28. A. Increase of Capital of the Company:
The company in General meeting, may from time to time,
increase its capital by the creation of new shares, such increase
to be of such aggregate amount and to be divided into shares of
such amounts as the resolution shall prescribe. Subject to the
provisions of the act, any shares of the original or increased
capital shall be issued upon such terms and conditions and with
such rights and privileges annexed thereto, as the General
Meeting resolving upon the creation thereof shall prescribe and
it no direction be given as the Directors shall determine and its
particular, such shares may be issued with a preferential or
qualified right to dividends, and in the distribution of assets of
the company and with a right of voting at General meetings of
the company, in conformity with sections 87 and 88 of the Act.
Whenever the capital of the Company has been increased under
the provisions of these Articles, the Directors shall comply with
the provisions of Sections 97 of the Act.
Joshi Group & Co

29. B. Decrease of Capital of the Company:
The company May ( subject to the provisions of Sections 78, 80,
100 to 105 inclusive of the Act) from time to time by Special
Resolution reduce its capital and any Capital redemption
Reserve Account or Share Premium Account in any manner for
the time being authorized by law, and in particular, capital may
be paid off on the footing that it may be called up again or
otherwise, This Article is not be derogate from any power the
Company would have if it were omitted .
Joshi Group & Co

30. 2. Transfer and Transmission of
Shares :
The company shall keep a Register of Transfers and
shall have recorded therein Fairly and distinctly particulars of
every transfer or transmission of any share held in material
form.
Shares in the company shall be transferred by an
instrument in writing in such form as prescribed under
section 108 of the Companies Act 1956, or under rules made
thereunder from time to time.
A. Death of one or more joint holders of shares
In case of the death of any one or more of the persons
named in the Register of Members as the joint holders of any
share, the survivor or survivors shall be the only persons
recognized by the company as having any title to or interest in
such share, but nothing herein contained shall be taken to
release the estate or a decreased joint-holder for any liability on
shares held by him jointly with any other persons.
B. NO transfer to insolvent, etc.
No share shall in any circumstance be transferred to any
insolvent or person of unsound mind.
Joshi Group & Co

31. C. Persons entitled may receive dividends without being
registered as member
A person entitled to a share by transmission shall, subject to
the right of the Directors to retain such dividends or money as
hereinafter provided be entitled to receive and may give a
discharge for any dividends or other moneys payable in respect
of the shares.
D. Fee on Transfer or Transmission
No fee shall be charged for transfer and transmission of
share
Joshi Group & Co

32. 3. Conversion of share into Stock
and Reconversion:
A. Share may be converted into stock
The Company in General Meeting may convert any paid-up
share into stock.
B. Right of stockholders
The holders of stock shall, according to the amount of stock
held by them, having the same rights .
Joshi Group & Co

33. 4. Member’s Meetings
A. Annual General Meeting
Annual General Meeting of the company may be convened
subject to Section 166 and Section 210 of the Act by giving not
less than 21 days notice in writing.
B. Quorum at General Meeting
Five members present in person shall be a quorum for a
General Meeting.
C. Business confined to election of chairman whilst chair
vacant
No business shall be discussed at any General Meeting
except the election of a Chairman, whilst the chairman is
vacant.
Joshi Group & Co

34. 5. Shares & Certificates
A. Shares to be numbered progressively and no Shares to be sub-
divided
The shares in the capital shall be numbered progressively
according to their several denominations and except in the manner
hereinbefore mentioned no share shall be sub-divided.
B. Acceptance of share
Any application signed by or on behalf of an applicant for shares in
the company followed by an allotment of any shares therein, shall be
an acceptance of shares within the meaning of these Articles.
C. Liability of Members
Every member shall pay to the company the portion of the capital
represented by his shares, which may for the time being remain unpaid
thereon, in such amount, at such time and in such manner as the
Directors shall, from time to time , in accordance with the Company
Regulations require or fix for the payment thereof.
D. Brokerage
The Company may pay a reasonable sum for brokerage.
Joshi Group & Co

35. 6. Calls
A. Directors may make calls
The Board may from time to time. Subject to the terms on which any
shares may have been issued and subject to the condition of allotment, by a
resolution passed at a meeting of the board make such calls as it thinks fit
upon the members in respect of all monies unpaid on the shares held by them
and each member shall pay the amount of every call so made on him to the
person and at the time and place appointed by the board.
B. Notice of calls
Thirty days notice in writing of any call shall be given by the company
specifying the time and place of payment, and the person to whom such calls
shall be made.
C. Directors may extend time
The Board may, from time to time at its discretion, extend the time fixed
for payment of any call, and may extend such time as to all of member who
from residence at a distance or other cause, the Board may deem fairly
entitled to such extension save as a matter of grace and favor.
Joshi Group & Co

36. 7. Forfeiture and Surrender of and lien on
shares
A. If money payable on share not paid notice to be given to member
If any member fails to pay any call or installment of call on or before the day
appointed for the payment of the same or any such extension thereof as
aforesaid, the Board may, at any term give notice to him requiring him to pay the
same together with any interest.
B. Term of notice
The notice shall name a day and a place on which such call or installment and
such interest thereon at such rate as the Director shall determine for the day have
to be paid.
C. Surrender of shares
The director may subject to the provision of the Act, accept a surrender of any
shares form or by any Member desirous of surrendering them on such terms as
they think fit.
D. Evidence of forfeiture
A declaration in writing that the declarant is a Director or secretary of the
Company and that a share in the Company has been duly forfeited in accordance
with these Articles on the date started in the declaration, shall be conclusive
evidence of the facts.
Joshi Group & Co

37. 1) Binit Singh
25 year old
M.B.A in Marketing
2) Sanni Yadhav
25 year old
M.B.A in Finance
3) Harshit Pathak
25 year old
M.B.A in HR
LIST OF DIRECTORS :-
Joshi Group & Co

38.  A COPY OF STATUTORY DECLARATION SHOULD BE
ENCLOSED STATING TO THAT ALL THE FORMALITIES
HAVE DULY COMPILED WITH AS PER THE
PROVISIONS OF COMPANIES ACT.
 IT IS BE SIGNED BY AN ADVOCATE Mr. AKASH PATIL
OF BOMBAY HIGH COURT.
STATUTORY DECLARATION :-
Joshi Group & Co

39.  After the name is approved, the following
documents will be submitted with the Registrar of
Companies (ROC).
• Ensure that the name does not resemble the name of any other
already registered company and also does not violate the
provisions of emblems and names (Prevention of Improper Use
Act, 1950) by availing the services of checking name availability
on the portal.
• Apply to the concerned Registrar of Companies (ROC) to
ascertain the availability of name in eForm 1A . A fee of Rs. 500/-
has to be paid along with the digital signature of the applicant
proposing the company has to be attached in the form.
• After the name approval, the applicant can apply for
registration of the new company by filing the required forms
(that is Form 1, 18 and 32) within six months of name approval.
RECEIPT OF REGISTRATION FEE :-
Joshi Group & Co

40. ISSUE OF CERTIFICATE OF
INCORPORATION

41. Joshi Group & Co

42.  A certificate of incorporation is one which
certifies that the company is incorporated. It
is issued by the registrar of companies. It
contains :-
1. Name of company : Joshi Group & Co.
2.Date of its issue : 9th March 2016
3.Signature of registrar with seal.
4.Comencement Of Business
Joshi Group & Co