Commencement of BusinessIf the minimum subscription amount is raised through new issue of shares, a public company applies to the Registrar of Companies for the issue of Certificate of Commencement of Business. The document needed for that purpose are:
- A declaration that shares payable by cash are subscribed for and allotted up to the amount of minimum subscription as mentioned in the Prospectus;
- A declaration that all the directors have paid in cash, the money for the application and allotment on his shares in the same proportion as others;
- A declaration that no money is payable or liable to become payable to the applicants due to failure of the company to either apply for or get authorization to deal in its securities on a stock exchange; and
- A statutory declaration that the above necessary things are complied with and this declaration can be signed by a director or secretary of the company. A public company for private fund raising, which earlier filed a Statement in lieu of prospectus, has to submit only 2 out of the 4 listed above. The Registrar examines all the documents and if these are found satisfactory, a 'Certificate of Commencement of Business' is issued. With this grant the company can start doing its business.
|Certificate of Commencement of Business
I hereby certify that ........................ ltd. of ......................... which was incorporated under The Companies Act, 1956, on the ................ day of .................... 200.......... and which has this day filed a statutory declaration in the prescribed form that the conditions of section 149 have been complied with, is entitled to commence business. Given under my hand at ........................... this day of .................. Two thousand ..................
Joint Stock Companies
|Memorandum of Association (Specimen)
1. Name: The name of the company is Excellent Educational Services Limited. It is hereinafter referred to as EES Ltd.
2. Registered Office: The Registered office of the company shall be situated in the NCT of Delhi and at present it is at: Sri Aurobindo Marg, New Delhi-16.
3. (A) Main Objectives:
(a) To engage in the design, development and delivery of world class service products in the sphere of education for domestic as well as global markets.
(b) To establish and strengthen presence/market share in the various segments representing various stages in the education/re-education process in the life-long learning context, viz., identification of prospects, curriculum-design, pedagogy, examination and evaluation, anticipating societal/market needs, content-delivery, placement services and human resource development and renewal.
(c) To develop, publish/produce teaching, training and study materials, journals, periodicals, reports, books, monographs and other multilingual literature/multimedia products for promoting the objectives of the company.
(d) To organise programmes, conferences, lectures, seminars, symposia and workshops on issues impacting education, industry, business and society.
(B) Ancillary Objectives:
(a) To develop special competencies and capabilities for designing, developing and delivering service products for persons with physical and mental disabilities;
(b) To liaison and network with various individuals and institutions in government and non-government sectors and fostering mutually beneficial relationship in the field of education;
(c) To host a website for virtual learning;
(d) To build up a research and reference library and to undertake documentation services;
(e) To own, purchase, lease, movable and immovable property in furtherance of the aims and objectives of the company;
(f) To offer prizes, grants, stipends and scholarships in furtherance of the objectives of company;
(g) To provide a forum for raising, discussing and resolving of issues, problems and challenges in the field of education; and
(h) To do generally all such other lawful things as are conducive or incidental to the attainment of the above objectives.
4. Liability Clause: Liability of the members would be limited to the amount of unpaid value of the share.
5. Capital Subscription Clause: The company shall be registered with a capital of Rs. 2.5 crore divided into Rs. 25 lakh shares of Rs.10 each.
|We the following persons voluntarily agreed to be the signatories to the Memorandum of Association:|
| Anil Kumar
| Avtar Singh
|The name and address of the company signatures to Memorandum have been modified.|
|FORM NO. 1-A
The Companies Act. 1961
(Application Form for Availability of Names*)
The Registrar of Companies,
Subject: Availability of Names-information Furnishing of:
We, the following applicants are desirous of forming a company to be registered under the Companies Act, 1956, in the State Union Territory of _________________
1. Name and full address of the person(s) applying for availability, of the name (IN BLOCK LETTERS).
2. Proposed name of the Company.
3. State whether Public or Private.
4. In case the proposed name mentioned in item 2 is not available, 3 names to be considered, in the
order of preference.
5. Main objectives of the proposed Company.
6. Name and address of the prospective Directors of Promoters, etc.
7. Particulars of the names and situation of registered office of other companies in the same group or under the same management.
8. Proposed authorised capital.
9. Please furnish particulars and results of any application moved to this or any other Registrar previously for availability of name.
10. Particulars of remittance of fee
Situation :______________ ____________________
Dated: ______________ Signature of the applicant
* Refer Rule 4 A of the Companies/Central Government's/General Rules and Forms, 1956
- Promotion Articles of Association Prospectus
- Incorporation Capital subscription Memorandum of Association
- Preliminary contracts Statutory declaration Certificate of Commencement