Unfortunately I can only adjust the way two of these employees manage their time, as they are the individuals of whom I am in charge.
Section 3 1 i of the Companies Act, states that a company means, "a company formed and registered under this Act or an existing company". According to Lord Justice Lindley, "By a company is meant an association of many persons who contribute money or money's worth to a common stock and employ it for a common purpose.
The common stock so contributed is denoted in money and is the capital of the company. The person who contribute it or to whom it belongs are members. The proportion of capital to which each member is entitled is his share". A company, formed and registered under the Company Act, is regarded by law as a single person, having specified rights and obligations.
The law confers on a company a distinct legal personality, with Exercise 02800501 for penn foster succession and a common seal.
Objective of this paper The objective of this paper is to grasp, assimilate and comprehend the application of the Corporate Business Law being practiced and its impact on day to day operations of the Business in respect of the Contract act. In this paper we will discuss how to start a new public bank limited company hypothetically specifying its name, registration procedure in detail, the objectives, and legal formalities of the forming a company.
The Essential steps for the formation of a company Before a company can be formed the following steps must be taken: The Memo and the Article must be prepared.
These two documents must be filed when the application is made for the registration and incorporation of the company. The Companies Act lays down rules regarding the preparation of the memorandum. Schedule I to the Act of contains four model forms for use in different cases.
If it is proposed to have a paid up capital of more than Rs 3 crores, sanction of the central Government must be obtained under the capital issue Control Act, If the company to be formed intends to participate in an industry which is included in the scheduled annexed to the industries Development and Regulation Act,a license must be obtained under the Act.
The company must be registered in accordance with the provision of the companies Actand a certificate of incorporation must be obtained. The prospectus or the statement in lieu of prospectus must be issued and registered with the registrar. The minimum subscription must be raised and therefore the allotment of shares must be made.
The certificate for the commencement of business must be obtained from the Registrar. Procedure of Registration For the registration of a company, the following documents, together with the necessary fees, must be submitted to the registrar of companies of the state in which the registered office of the company will be situated-Sec Memorandum of Association, prepared in accordance with provision of the Companies Act, and signed by the least 7 persons in the case of public companies and 2 persons in the case of private companies.
The Articles of Association, in case of unlimited companies, companies limited by guarantee and private companies limited by shares. A declaration by any of the following persons, stating that all the requirements of the act have been compiled with an advocate, an attorney a pleader, a chartered accountant, or a person named in the articles as director, manager, or secretary of the company.
These are not required in the case of private companies and the companies not having a share capital. There is also a filing fee per document. If the Registrar is satisfied that all the required documents of the act have been compiled with, he will register the company and issue a certificate called the Certificate of Incorporation.
And that all the requirements of the Companies Act,and the rules there under in respect of matters precedent to the registration of the said company and incidental thereto have been complied with.
Manufacturing Alternate Power Generation system Area of operation: Limited by Share Capital Clause: Words imparting masculine gender shall be deemed to include the feminine gender.
The marginal notes in an Article shall not affect the construction of the Article. Words imparting the singular number shall also be deemed to include plural number and vice- versa. The Regulations contained in Table "A" of the First Schedule to the Act, shall not apply to the Company, except in so far as the same are repeated, or contained in, or expressly made applicable, by these Articles or by the Act.
Company to be governed by these Articles: The Regulations for the management of the Company and for the observance of the members thereof and their representatives shall, subject to any exercise of the statutory powers of the Company in reference to the repeal or alteration of or addition to its Regulations by Resolution, as prescribed or permitted by the Act, be such as are contained in these Articles.
Company's shares not to be purchased by the Company No part of the funds of the Company shall be employed directly or indirectly in the purchase of or in loans upon the security of the Company's shares. The authorized Share Capital of the Company is Rs.I need help with exam penn foster exam?
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ANSWER 0 ivana07 ANSWERS: 1. Wide Awake @ has closing date woo hoo. Sure, just list the questions and we'll try. If you're too lazy to do that, then I guess we can't. I need answer to penn foster . Medical Transcription Exam # – Penn Foster med trans As an office manager for DMD Medical Supplies, it is imperative that I ensure the company’s dollars are economically spent through the efficiency of my employees.
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