Need to obtain a certificate from the registrar of companies in order to commence a new business. Prospectus of a company and its related information will be discussed here.
What is the Certificate of Commencement of BusinessLegal Raasta
Certificate of Commencement of Business under Companies Act, 2013, Companies Act 1956.
To know more About What is the Certificate of Commencement of Business, visit https://www.legalraasta.com/
Prospectus - Legal Environment of Business - Business Law - Commercial Law - ...manumelwin
According to Sec. 2 (36), Prospectus means any document described or issued as a prospectus and includes any notice, circular, advertisement or other document inviting deposits from the public or inviting offers from the public for the subscription or purchase of any shares in, or debentures of, a body corporate.
Need to obtain a certificate from the registrar of companies in order to commence a new business. Prospectus of a company and its related information will be discussed here.
What is the Certificate of Commencement of BusinessLegal Raasta
Certificate of Commencement of Business under Companies Act, 2013, Companies Act 1956.
To know more About What is the Certificate of Commencement of Business, visit https://www.legalraasta.com/
Prospectus - Legal Environment of Business - Business Law - Commercial Law - ...manumelwin
According to Sec. 2 (36), Prospectus means any document described or issued as a prospectus and includes any notice, circular, advertisement or other document inviting deposits from the public or inviting offers from the public for the subscription or purchase of any shares in, or debentures of, a body corporate.
Presentation on Company Prospectus by Shwetang PanchalShwetang Panchal
This is a presentation on Company Prospectus, prepared so as to aid law students as well as business management aspirants to create a better understanding about the topic.
Strike off (easy exit) way to shut down a company (kn p partners)ADITYA PANDEY
The defunct companies are also required to comply the Company Law provisions and file requisite forms. In case of default the penalty under Act is so high. So, it is better to strike off the company, once you decide to stop the business and avoid penalty and litigation.
Presentation on Company Prospectus by Shwetang PanchalShwetang Panchal
This is a presentation on Company Prospectus, prepared so as to aid law students as well as business management aspirants to create a better understanding about the topic.
Strike off (easy exit) way to shut down a company (kn p partners)ADITYA PANDEY
The defunct companies are also required to comply the Company Law provisions and file requisite forms. In case of default the penalty under Act is so high. So, it is better to strike off the company, once you decide to stop the business and avoid penalty and litigation.
Mandatory Compliances for a Private Limited Company in Indiajayjani123
Although Private Limited Company is the most popular form of starting a business, there are various compliances which are required to be followed once your business is incorporated.
The Ministry of Corporate Affairs has launched the Companies Fresh Start Scheme,2020. The reason to introduce a new scheme is to deliver relief to law-abiding companies & LLPs i.e. Limited Liability Partnership. Also, MCA revised the “LLP Settlement Scheme, 2020”. This is the third time, when the Government proposes such kind of scheme/opportunity on the demand of various stakeholder, as in the year of 2014 and 2018, the Ministry had previously proposed such kind scheme with different names like Company Law Settlement Scheme, 2014 and CODS Scheme 2018. Both the schemes incentivize agreement and decrease assent burden during the difficult time’s public health situation made by the explosion of COVID-19.
This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship PGPSE is for those who want to transform the world. It is different from MBA, BBA, CFA, CA,CS,ICWA and other traditional programmes. It is based on self certification and based on self learning and guidance by mentors. It is for those who want to be entrepreneurs and social changers. Let us work together. Our basic idea is that KNOWLEDGE IS FREE & AND SHARE IT WITH THE WORLD
This material is for PGPSE / CSE students of AFTERSCHOOOL. PGPSE / CSE are free online programme - open for all - free for all - to promote entrepreneurship and social entrepreneurship
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
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Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
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1. Introduction and Key Concepts of Sustainability
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To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
1. HOW TO PREPARE A PROSPECTUS ? by : DR. T.K. JAIN AFTERSCHO ☺ OL centre for social entrepreneurship sivakamu veterinary hospital road bikaner 334001 rajasthan, india FOR – PGPSE PARTICIPANTS mobile : 91+9414430763
2. WHAT IS A PROSPECTUS? WHEN A PUBLIC COMPANY ISSUES SHARES / DEBENTURES / ANY OTHER SECURITY, IT HAS TO ISSUE PROSPECTUS / RED HERRING PROSPECTUS / STATEMENT IN LIEU OF PROSPECTUS.
4. CHARACTERISTICS Signed by directors + CS must bear a date must be as per SEBI guidelines + companies act must be registered with ROC it is a public invitation
5. Attachments to prospectus Schedule II Expert consent (if they have given any statement) (sec. 56) copy of contracts consent of auditors / legal advisors
6. Approval of prospectus Lead financial institutions lead managers to issue stock exchanges (where the company is listed / proposed to be listed) vetting by SEBI
7. Submission to ROC Before issue of prospectus, it should be submitted to ROC (sec. 60) from this date, prospectus has to be issued to public in 90 days. If issued without registration (with ROC), penalty on officer – 50000
8. Format Click the links below : http://www.moneycontrol.com/ipo/ipofaq.php http://www.sebi.gov.in/dp/usheragro.pdf http://www.sebi.gov.in/dp/power.pdf http://www.sebi.gov.in/dp/power.pdf
9. PART I OF SCHEDULE II Capital structure issue guidelines minimum subscription date of opening and closing of issue risk perception of management general information & litigation matters names of stock exchanges etc.
10. PART II OF SCHEDULE II CONSENT OF EXPERTS CONSENT OF DIRECTORS REPORT OF AUDITORS & ACCOUNTANTS TERMS OF LOANS
11. Sebi guidelines http://www.sebi.gov.in/SectIndex.jsp?sub_sec_id=4
12. What is minimum subscription It must be mentioned in prospectus – as per SEBI guidelines : 90% is minimum subscription
13. Issue norms Issue norms must be given in prospectus. Issue must be made in 30 days of public issue closure (otherwise penal interest @15%) refund orders (if any must be despatched in 78 days). Allotment must be made by board of directors / proper authority
14. GOLDEN RULE Kindersely : in Brunswick etc. v/s Muggeridge (1860) : the person issueing prospectus must give every information stricktly and scrupulously and must not omit any material information
15. Important rules Experts opinion only after obtaining written consent by experts Director names only after obtaining written consent by director to become the director the experts mentioned must not be connected to formation of the company (indemnify if there is false information)
16. When can registrar refuse to register a prospectus It is not dated it is not signed it is not accompanied with documents it is not as per company law & SEBI guidelines
17. WHAT IS RED HERRING PROSPECTUS IT GIVES RATES IN RANGE – IT IS NOT GIVING FINAL RATES OF ISSUES
18. SHELF PROSPECTUS SEC. 60 a (as per 2000 amendment of companies act) : when a bank / public financial institution repeatedly issues capital, it can issue shelf prospectus it is valid for 1 year – during this time, the company can again and again go for public issue on the basis of same shelf prospectus, but each time it has to issue information memorandum (sec. 2(19B)
19. STATEMENT IN LIEU OF PROSPECTUS 1. when a private company becomes a public company (within 30 days) 2. when public company is not issueing shares to public, they have to issue this. 3. when a public company doesnt allot shares to public it must have contents similar to prospectus, penalty if untrue statement : 10000 http://www.vakilno1.com/bareacts/companiesact/s44.htm
20. BE A PROMOTOR A Promotor is a person who sets up a company. As a promotor, you have to think about the idea and convert this idea into a company. As a promotor, you have to set up initial contracts so that company becomes operational.
21. Steps ...... Prepare Memorandum of association (as per format) in at least 3 copes Prepare Articles of association (as per format) in at least 3 copes (or apply Table A of schedule I) Prepare agreements with directors Submit declaration to Registrar of company that all formalities have been fulfilled (by company secretary) prepare prospectus go ahead for raising money for your dream ideas
22. LEGAL FORMS Form NO. 1 : declaration of all the formalities of company (to be filed with registrar of comapnies ). for other forms and their structure, click on the following link : http://www.mca.gov.in/MCA21/dca/downloadeforms/Download_eForm_choose.html http://www.vakilno1.com/froms_html/co_form.htm
23. INCORPORATION Registrar of companies will issue a certificate of incorporation. (Sec. 33, 34 of companies act) this is conclusive evidence that the company is registered.
24. Can you start a business ? Private company can start it immediately on getting certificate of incorporation, but a public company will have to obtain a certificate of commencement of business to start business. See this link also : http://www.legalserviceindia.com/company law/company_formation_procedure.htm
25. Commencement of business Public company can start business only on fulfilling following formalities : 1. directors have purchased qualification shares 2. prospectus / statement in lieu of prospectus has been prepared and submitted 3. minimum subscription has been obtained.
26. PRELIMINARY CONTRACTS These contracts are made before a company has been given certificate of incorporation. These contracts have no legal validity against company and the contractor cannot sue the company. The promotors are personally liable for such contracts.
27. PROVISIONAL CONTRACTS (ONLY FOR PUBLIC COMPANY) These contracts are made before a company has been given certificate of commencement of business but after certificate of incorporation. These contracts have no legal validity against company until the company obtains certificate of commencement of business. Once the company obtains this certificate – these contracts are enforceable against company.
28. FORMAT OF MEMORANDUM MOA must be in following format : Schedule I : Table B / C / D / E B : for limited by shares C : for guarantee D : guarantee + share capital E : for unlimited company
29. MOA Memorandum of association must have : NAME PLACE OBJECT LIABILITY CAPITAL SIGNATURE AND ASSOCIATION CLAUSE
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