Question

Ques2 Explain the steps required to be taken for incorporation of a company which company
can start business just after incorporation?
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Answer 1

Explanation:

1)Ascertaining Availability of Name:-

The first step in the incorporation of any company is to choose an appropriate name. A company is identified through the name it registers.

2)Preparation of Memorandum of Association and Articles of Association:-

The memorandum of association of a company can be referred to as its constitution or rulebook. The memorandum states the field in which the company will do business, objectives of the company, as well as the type of business the company plans to undertake.

3)Printing, Signing and Stamping, Vetting of Memorandum and Articles:-

The Registrar of Companies often helps promoters to draw up and draft the memorandum and articles of association. Above all, with promoters who have no previous experience in drafting the memorandum and articles.

4) Power of Attorney:-

To fulfill the legal and complex documentation formalities of incorporation of a company, the promoter may then employ an attorney who will have the authority to act on behalf of the company and its promoters. The attorney will have the authority to make changes in the memorandum and articles and moreover, other documents that have been filed with the registrar