◦ The second stage of establishment of a company is to get it incorporated.
 FILLING OF DOCUMENTS:
◦ Following documents are to be submitted by the promoters in the
registrar’s office.
 MEMORANDUM OF ASSOCIATION:
◦ A document indicate name, address, object, authorized capital etc. of a
company.
 ARTICLE OF ASSOCIATION:
◦ A document containing laws and rules for internal control and
management of a company.
◦ Incorporation is the legal process used to form a corporate entity or
company.
 LIST OF DIRECTORS:
◦ A list of the names, occupations, addresses, along with the declaration of
directors.
 WRITTEN CONSENT OF DIRECTORS:
◦ A written consent showing their willingness to act as directors, to be send
to the registrar.
 DECLARATION OF QUALIFYING SHARES:
◦ A declaration certificate showing that the directors have taken up
qualifying shares and have paid up the money or pay it up to the registrar.
 PROSPECTUS:
◦ Promoters have to file a prospectus with the registrar.
 STATUTORY DECLARATION:
◦ A statutory declaration is to be sent to the registrar that all legal
formalities have been completed.
 PAYMENT OF REGISTRATION FEE:
◦ For the registration of company, the registration fee is also paid to the
Registrar. For example
 Application and documents filing fee
 Registration fee
 Stamp fee on Memorandum and Articles
 CERTIFICATE OF INCORPORATION:
◦ If the registrar finds all the documents right and thinks that all formalities
have been fulfilled then he issues the certificate of incorporation to
promoters.

JOINT STOCK.pptx

  • 2.
    ◦ The secondstage of establishment of a company is to get it incorporated.  FILLING OF DOCUMENTS: ◦ Following documents are to be submitted by the promoters in the registrar’s office.  MEMORANDUM OF ASSOCIATION: ◦ A document indicate name, address, object, authorized capital etc. of a company.  ARTICLE OF ASSOCIATION: ◦ A document containing laws and rules for internal control and management of a company. ◦ Incorporation is the legal process used to form a corporate entity or company.
  • 3.
     LIST OFDIRECTORS: ◦ A list of the names, occupations, addresses, along with the declaration of directors.  WRITTEN CONSENT OF DIRECTORS: ◦ A written consent showing their willingness to act as directors, to be send to the registrar.  DECLARATION OF QUALIFYING SHARES: ◦ A declaration certificate showing that the directors have taken up qualifying shares and have paid up the money or pay it up to the registrar.  PROSPECTUS: ◦ Promoters have to file a prospectus with the registrar.  STATUTORY DECLARATION: ◦ A statutory declaration is to be sent to the registrar that all legal formalities have been completed.
  • 4.
     PAYMENT OFREGISTRATION FEE: ◦ For the registration of company, the registration fee is also paid to the Registrar. For example  Application and documents filing fee  Registration fee  Stamp fee on Memorandum and Articles  CERTIFICATE OF INCORPORATION: ◦ If the registrar finds all the documents right and thinks that all formalities have been fulfilled then he issues the certificate of incorporation to promoters.