SECTIONS AND CLAUSES
SECTION 2:
2(5) AOA 2(56) MOA
2(6) Associate Company 2(62) One Person Company
2(8) Authorised capital 2(64) Paid up Capital
2(11) Body Corporate 2(68) Private Company
2(20) Definition of Company 2(69) Promoter
2(21) Companies limited by guarantee 2(70) Prospectus
2(22) Companies limited by shares 2(71) Public Company
2(27) Control 2(72) Public Financial institutions
● Appointing or removing majority or all
of directors
● Controlling management, policy
decisions UNDER AN AGREEMENT
2(42) Foreign Company 2(84) Share
2(45) Government Company 2(85) Small Company
2(46) Holding Company 2(86) Subscribed Capital
2(50) Issued Capital 2(87) Subsidiary Company
2(52) Listed Company 2(92) Unlimited companies
Section 3 Formation of company-
Sec 3(1)(a): Public company : Min - 7 subscribers
Sec 3(1)(b): Private company : Min - 2 subscribers
Sec 3(1)(c): OPC : ONLY 1 subscriber
Sec 3(2)(a): Company limited by Shares
Sec 3(2)(b): Company limited by Guarantee
Sec 3(3)(c): Unlimited Company
Section 3A Members severally liable in certain cases
Section 4 Legal provisions related to MOA
Section 4(1) Contents of MOA
Section 4(2) Company’s name
- not identical or resemble too nearly to name of existing company registered under this act or any previous company
law
-shall not be such that its use by company will constitute an ‘offence’ under any law
-shall not be such that its use by company is undesirable in opinion of CG
Section 4(3) Company’s name
-shall not be registered by name which contains word or expression giving impression that company is connected with,
or has the patronage of : CG, SG, local Govt, Any corporation or body constituted by CG or SG pursuant to any law
-shall not by registered by a name , which contains word or expression as may be prescribed, unless previous approval
of CG is obtained.
SECTION 2:
2(5) AOA 2(56) MOA
2(6) Associate Company 2(62) One Person Company
2(8) Authorised capital 2(64) Paid up Capital
2(11) Body Corporate 2(68) Private Company
2(20) Definition of Company 2(69) Promoter
2(21) Companies limited by guarantee 2(70) Prospectus
2(22) Companies limited by shares 2(71) Public Company
2(27) Control 2(72) Public Financial institutions
● Appointing or removing majority or all
of directors
● Controlling management, policy
decisions UNDER AN AGREEMENT
2(42) Foreign Company 2(84) Share
2(45) Government Company 2(85) Small Company
2(46) Holding Company 2(86) Subscribed Capital
2(50) Issued Capital 2(87) Subsidiary Company
2(52) Listed Company 2(92) Unlimited companies
Section 3 Formation of company-
Sec 3(1)(a): Public company : Min - 7 subscribers
Sec 3(1)(b): Private company : Min - 2 subscribers
Sec 3(1)(c): OPC : ONLY 1 subscriber
Sec 3(2)(a): Company limited by Shares
Sec 3(2)(b): Company limited by Guarantee
Sec 3(3)(c): Unlimited Company
Section 3A Members severally liable in certain cases
Section 4 Legal provisions related to MOA
Section 4(1) Contents of MOA
Section 4(2) Company’s name
- not identical or resemble too nearly to name of existing company registered under this act or any previous company
law
-shall not be such that its use by company will constitute an ‘offence’ under any law
-shall not be such that its use by company is undesirable in opinion of CG
Section 4(3) Company’s name
-shall not be registered by name which contains word or expression giving impression that company is connected with,
or has the patronage of : CG, SG, local Govt, Any corporation or body constituted by CG or SG pursuant to any law
-shall not by registered by a name , which contains word or expression as may be prescribed, unless previous approval
of CG is obtained.
