Incorporation Stage - Formation of a Company | Class 11 Business Studies Chapter 7 | (2022-23)
Magnet Brains・2 minutes read
Incorporation involves registering a company under the Companies Act of 1956 or 2013, providing necessary documents like MOA and AOA, and obtaining a Certificate of Incorporation from the Registrar of Companies (ROC), which is crucial for legal proceedings and available on the Magnet Rings website.
Insights
- The process of company incorporation involves submitting crucial documents like Memorandum of Association, Articles of Association, and a list of directors, with compliance declarations required for completion.
- The Certificate of Incorporation issued by the Registrar of Companies acts as definitive proof of the company's registration, facilitating subsequent legal procedures and serving as a vital document for official purposes.
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Recent questions
What is the second stage in forming a company?
Incorporation
What documents are required for incorporation?
Name approval, MOA, AOA, capital statement, director list
What is the declaration required for company formation?
Compliance declaration
Who verifies the authenticity of incorporation documents?
Registrar of Companies (ROC)
What does the Certificate of Incorporation serve as?
Proof of registration
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