We listed out the importance of required documents for private limited company registration all over India & especially special services providing too in Coimbatore city. Contact us now. Get your company registration in Coimbatore in a Week with simple steps.
Members to Company:
- Each member to observe the provisions of MOA & AOA.
- Members bound by the covenants.
Company to Members
- Members can bring action against the company for infringement by MOA.
- Company bound of their ordinary right as members.
- Action can be brought only by the majority shareholders.
Members to Members:
- Members cannot enforce other members.
- Companies alone can sure the offender to protect the aggrieved member.
- Members can sure his own name to restrain another from doing fraudulent or ultra virus acts.
Charitable Spending:
- Not exceeding 50000 in a financial year or 5% of the average net profit during the proceeding 3 financial years greater.
- Implied powers depend on the company.
- Ultra virus borrowings have no relationship as debtor and creditor but legal expenses can be claimed.
Effects of Ultra Virus Transactions:
- Void = Null and void not bound by the acts.
- Injunction = member can get an injunction to restrain the company.
- Personal Liability = Directors are personally liable for directors to replace it.
- Ultra Virus acquirement of property = company’s right is secured.
- Borrowing not valid.
Liability Clause:
- Limited by shares or guarantee
Capital Clause:
- Must state-authorized, paid-up
- Excess to be returned.
- Subscribed & paid-up capital.
Association Clause and Subscription:
- Declaration of association.
- One witness must take at least 1 share.
- Opposite = the number of shares.
Printing & Signing of Memorandum:
- Found void cannot affect.
- Mis – Representation cannot be void.
Alteration of MOA:
- Name object as per the provisions.
Alteration Of name Clause:
- By Special Resolution with CG approval.
- Not required for addition or deletion.
Clause 32 of Listing Agreement:
- 1 year from the last name change.
- 51% profit to be accounted for by the new activity or the amount invested in the new activity is at least 50% of the assets of the company.
- New told should be displayed on the stock exchange website for 1 year from the new change.
Effect of Change:
- Will not affect any rights and obligations.
- Will not affect any legal proceedings and will be continued under the new name.
- Cannot continue under the old name and will be non – existence.
Alteration of Registered Office:
- Within local limits = Board resolution e form 18 30 days no change of MOA.
- One city to another within the same state = Special resolution general meeting form 23 30 days e form 18 no change.
