Incorporation by Registration
The promoters must make a decision regarding the type of company i.e. a public company or a private company or an unlimited company, etc and accordingly prepare the documents for incorporation of the company. In this connection the Memorandum and Articles of Association (MA & AA) are crucial documents to be prepared.
Mode of forming incorporated company (Sec. 12)
Any 7 or more persons (2 or more in case of a private company) associated for any lawful purpose may form an incorporated company, with or without limited liability.
They shall subscribe their names to a Memorandum of Association and also comply other formalities in respect of registration. A company so formed may be :
a) A company limited by shares, or
b) A company limited by guarantee, or
c) Unlimited company
The promoters must make a decision regarding the type of company i.e. a public company or a private company or an unlimited company, etc and accordingly prepare the documents for incorporation of the company. In this connection the Memorandum and Articles of Association (MA & AA) are crucial documents to be prepared.
Mode of forming incorporated company (Sec. 12)
Any 7 or more persons (2 or more in case of a private company) associated for any lawful purpose may form an incorporated company, with or without limited liability.
They shall subscribe their names to a Memorandum of Association and also comply other formalities in respect of registration. A company so formed may be :
a) A company limited by shares, or
b) A company limited by guarantee, or
c) Unlimited company