Formation of a Company
Assignment
On
FORMATION OF COMPANY
AND
PUBLIC & PRIVATE LTD COMPANY
SUBMITTED BY:
Sadia Kamal Shifa
Roll No:
Course:
SUBMITTED TO:
FORMATION OF COMPANY:
A joint stock company is a company whose capital is divided into shares and the liability of whose shareholders is limited to the par value of the shares respectively held by them. Joint stock companies fall under two distinctive categories. The first category consists of a company whose promoters secure a portion of its share capital by way of transferring shares to the public and such a company is called a public company. The second category consists of a company whose share capital, in its entirety, is secured by its promoters at the time of its formation and such a company is called a private company.
The procedure for formation and Registration of Companies under the companies Act, 1994:
According to company law 1994, normally company maintains three steps which will be description in below
1. Primary Stage
2. Certificate of Incorporation
3. Certificate of commencement.
• In a primary stage when the Promoters will desire to form a company, at first they will have to select its name and will apply to the Registrar for the same in a plane paper with a fee of BD Tk. 10/- for each name along with the properly executed deed of settlement or the minutes of their first meeting.
Guidelines for availability of names issued by Ministry of Corporate Affairs:
The Department has evolved the following guiding principles for deciding availability of names:
A name which falls within the categories mentioned below will not generally be made available:
1. If it is not in consonance with the principal objects of the company as set out in its memorandum of association. This does not necessarily mean that every name should be indicative of its objects. But when there is some indication of business in the name then it should be in conformity with its objects.
2. If the Company/Companies main business is finance
On
FORMATION OF COMPANY
AND
PUBLIC & PRIVATE LTD COMPANY
SUBMITTED BY:
Sadia Kamal Shifa
Roll No:
Course:
SUBMITTED TO:
FORMATION OF COMPANY:
A joint stock company is a company whose capital is divided into shares and the liability of whose shareholders is limited to the par value of the shares respectively held by them. Joint stock companies fall under two distinctive categories. The first category consists of a company whose promoters secure a portion of its share capital by way of transferring shares to the public and such a company is called a public company. The second category consists of a company whose share capital, in its entirety, is secured by its promoters at the time of its formation and such a company is called a private company.
The procedure for formation and Registration of Companies under the companies Act, 1994:
According to company law 1994, normally company maintains three steps which will be description in below
1. Primary Stage
2. Certificate of Incorporation
3. Certificate of commencement.
• In a primary stage when the Promoters will desire to form a company, at first they will have to select its name and will apply to the Registrar for the same in a plane paper with a fee of BD Tk. 10/- for each name along with the properly executed deed of settlement or the minutes of their first meeting.
Guidelines for availability of names issued by Ministry of Corporate Affairs:
The Department has evolved the following guiding principles for deciding availability of names:
A name which falls within the categories mentioned below will not generally be made available:
1. If it is not in consonance with the principal objects of the company as set out in its memorandum of association. This does not necessarily mean that every name should be indicative of its objects. But when there is some indication of business in the name then it should be in conformity with its objects.
2. If the Company/Companies main business is finance