Company
Company may be defined as a voluntary association of individuals. It is an association of persons formed for some common intent but chiefly it is a voluntary association of individual. It has capital divisible into parts, known as portions. At the same clip it is an unreal individual created by a procedure of jurisprudence. It has a ageless sequence and a common seal. It exists merely in contemplation of jurisprudence ; i.e.it is regarded by the jurisprudence as a individual, merely as a homo.
On incorporation of a company becomes a organic structure corporate or corporation with a ageless sequence and a common seal. It besides acquires a personality distinct from its members.
Features Of A Company
1. Separate legal entity
2. Limited liability
3. Ageless sequence
4. Common seal
5. Transferability of portions
6. Separate belongings
7. Capacity to action
Electronic Media
It is media that uses electronics or electromechanical energy for the terminal user ( audience ) to entree the content. This is in contrast to inactive media ( chiefly print media ) , which are most frequently created electronically, but do n’t necessitate electronics to be accessed by the terminal user in the printed signifier. Most new media are in the signifier of digital media. However, electronic media may be in either parallel or digital format.
Although the term is normally associated with content recorded on a storage medium, recordings are non required for unrecorded broadcast medium and on-line networking.
Any equipment used in the electronic communicating procedure ( e.g. telecasting, wireless, telephone, desktop computing machine, game console, hand-held device ) may besides be considered electronic media.
Incorporation Of Company
Before a company is formed, certain preliminary determinations are necessary, for illustration, whether it should be a private company or a public company, what its capital should be, and whether it is worthwhile organizing a new company or pickings over the concern of an already established concern. All these determinations are taken by certain individuals known as “promoters” . They do the full
necessary preliminary work minor expense to the formation of the company.
Public Ltd Company
A Public Limited Company is a Company limited by portions in which there is no limitation on the maximal figure of stockholders, transportation of portions and credence of public sedimentations. The liability of each stockholder is limited to the extent of the unpaid sum of the portions face value and the premium thereon in regard of the portions held by him. However, the liability of a Director / Manager of such a Company can at times be unlimited. The minimal figure of stockholders is 7.
It has a minimal paid-up capital of Rs 5 hundred thousand or such higher paid up capital, as may be prescribed. Every public company, bing on the beginning of the Companies ( Amendment ) Act, 2000, with a paid-up capital of less than Rs. 5, 00,000 shall, within a period of two old ages from such beginning, heighten its paid-up capital to Rs.5,00,000.
Get downing A New Public Ltd Company
Before stepping in the concern universe & A ; get downing up a new concern i.e. a new public Ltd company, we must believe a name of the company which co-relate the work of the company and be easy grasped in the head of the people. As we are get downing a new public Ltd Company of electronic media i.e. Television & A ; computing machine fabrication company and the name of the company to be
registered will be Protechno media ltd company.
Name-Approval For The Proposed Company
The process for obtaining the name blessing for the proposed company is that an application in Form No. 1A demands to be filed with the Registrar of Companies ( ROC ) of the province in which the Registered Office of the proposed Company is to be situated. The application is required to be signed by one of the boosters. The inside informations of the application are as follows:
1. Four alternate names for the proposed company. ( The name can be coined names from the objects of the proposed company or the names of the managers, etc. but should decidedly be declarative of the chief object of the company. Justification for the name needs to be specified along with the application ) .
2. Name callings and references of the boosters ( Minimal 7 for a public company while 2 for private company ) .
3. Authorized Capital of the proposed company.
4. Main objects of the proposed company.
Documents Required To Be Executed For Incorporation
Following are the paperss require for acquiring the certification of incorporation or registering the company with registrar… … … ..
MOA and AOA are required which is to be executed by the boosters in the presence of a informant in saying their full name, male parent ‘s name, residential reference, business, figure of portions subscribed for, etc.
1. Form No. 1 – This is to be to be executed on a non-judicial stamp paper of INR 20 by managers of the proposed company or by other individuals such as Advocates saying that all the demands of the incorporation have been complied with.
2. Form No. 18 – This signifier contains information about the registered office of the proposed company.
3. Form No. 29 – This is a consent obtained from all the proposed managers of the proposed company to move as managers of the proposed company. ( Not required in instance of private company ) .
4. Form No. 32 – This signifier shows the fact of assignment of the proposed managers as the board of managers.
5. Name blessing missive in original.
6. Power of Attorney signed by all the endorsers of MOA authorising one of the endorsers or any other individual to move on their behalf for the intent of incorporation and accepting the certification of incorporation.
7. Power of Attorney in instance of a endorser who has appointed another individual to subscribe the MOA on his behalf. Filing fees as may be applicable.
This Form Is Filled For Checking The Availability Of Name
FORM 1A
Application signifier for handiness or alteration of name
[ Pursuant to segment 20 and 21of the Companies Act, 1956 ] Note – All Fieldss marked in*are to be compulsorily filled.
1. *Application for integrating a new company altering the name of an bing company
Part A: Handiness of name
2 ( a ) . *Name of applicant Prankur Rastogi
( B ) *Occupation Businessman
( degree Celsius ) . *Address Line I Phagwara, Jalandhar
Line II Punjab
( vitamin D ) . *City Jalandhar ( vitamin E ) . *State Punjab ( degree Fahrenheit ) . *Country India ( g ) . *Pin codification 144402
( H ) . *e-mail prankurrastogi @ gmail.com
( I ) . Phone 9569231524
( J ) . Fax 09534267447782
3. Name callings of boosters
* ( I ) Name of promoter……… Prankur Rastogi
* ( two ) Name of promoter………Pawan Rastogi
* ( three ) Name of promoter……..Rajesh Dubey
4. *Name of the province in which the proposed company is to be registered
Punjab
5. *Name of the Registrar of Companies in which the proposed company is to be registered………….. Mr Y B Singh
6. *State whether the proposed company is public or private
Public
7. * proposed name of company ( at least 6 proposed names )
a. Fanko electro ltd
B. Rigs electro-media ltd
c. Protechno Media Ltd Company d. Agnis electro ltd
e. Jippo electro ltd
f. Retro electro media
After make fulling the application for handiness of name ROC will assign the name within three hebdomads of application submission…………..
The ROC will look into for the handiness of name and inform the individual who has filled the application………… .
Name Protechno Media Ltd Company is available and is allotted.
This is to be to be executed on a non-judicial stamp paper of INR 20 by managers of the proposed company or by other individuals such as Advocates saying that all the demands of the incorporation have been complied with.
FORM NO. 1
Registration No Of Company -1090
Nominal Capital- : Rs. 2,00,00,000.00
THE COMPANIES ACT, 1956
Declaration of conformity with the demands of the Companies Act,
1956 on application for enrollment of a company
[ Pursuant to subdivision 33 ( 2 ) ]
Name of Company Protechno Media Limited/Private Limited
Presented by Protechnicals group
I Prankur Rastogi of Protechnicals Group do solemnly and unfeignedly declare that I am [ 1 ] Promoter who is engaged in the formation of the company, or a individual named in the articles as a director/manager/secretary of the… … … … Protechno Media Limited/Private Limited.
And that all the demands of the Companies Act, 1956, and the regulations at that place under in regard of affairs precedent to the enrollment of the said company and incidental thereto have been complied with.
And do this solemn declaration scrupulously believing the same to be true.
This signifier contains information about the registered office of the proposed company.
FORM NO. 18
Registration No. of the Company1090 Nominal Capital: Rs2,50,00,000
THE COMPANIES ACT, 1956
Notice of the situation/change of state of affairs of registered office
[ Pursuant to segment 146 ]
Name of the company – Protechno Media Ltd Company
Notice is herewith given that — —
1. ( a ) the registered office of the company is situated in Jalandhar ( Punjab )
.with consequence from
[ day of the month ] 20.11.09
( B ) The state of affairs of the registered office of the company of was changed from to with consequence from [ day of the month ]
2. Situation of registered office falls under the legal power of Jalandhar
( name of the constabulary station ) . * Dated this thirtieth Day of Nov 2009
Signature Prankur Rastogi
Name PRANKUR RASTOGI ( In Block Capitals )
Appellation Chairman
*State reference of close constabulary station with territory and tehsil.
This is a consent obtained from all the proposed managers of the proposed company to move as managers of the proposed company.
FORM NO 29
Registration No. of Company..1090… … … … …
Nominal Capital Rs.2,50,00,000… … …
THE COMPANIES ACT, 1956
Consent to move as manager of a company and/or set abouting to take and pay for making portions
[ Pursuant to subdivision 264 ( 2 ) /266 ( I ) ( a ) and 266 ( 1 ) ( B ) ( three ) ]
Name of company Protechno Media Limited
Presented by… . Protechnicals Group… … … … .
To the Registrar of Companies… … … … … … … … Jalandhar… … … … … … … … … … … … … … … … … … … … … .
I, the undersigned, herewith attest my consent to move as manager of the… Protechno Media Limited… Pursuant to subdivision 264 ( 2 ) /266 ( 1 ) ( a ) of the Companies Act, 1956 and attest that I have non been disqualified to move as a manager under subdivisions 267 and/or 274 of the Companies Act, 1956.
I, the undersigned holding consented to move as manager of the.Protechno Media Limited, besides herewith undertake to take from the said company and wage for..5000… .. portions of Rs.20… … Each, being the number/value of the portions prescribed as the making portions for the office of manager of the said company.
Name and family name in full and male parent ‘s
names
Address Occupation Date of birth
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