Contenu connexe


CLA PPT.pptx

  1. M . N . DEGREE COLLAGE Kammagondanahalli, Bangalore – 560015. SUBJECT Company Law and Administration. TOPIC : Formation of Company Act 2013 Presented By – SHALINI.D 3rd Semester
  2. INTRODUCTION • Company is a association formed for the purpose of doing a business having a district name and limited liability. • The company is managed on behalf of the shareholders by the Board of Directors.
  3. JOINTSTOCKCOMPANY  Joint Stock Company refers to a company having a joint stock or capital that is divided into units of ownership interest , such as share which may by transferred without consent of the other shareholders.  According to H.L. Haney , “A Joint Stock Company is a voluntary association of individual for profits , having its capital divided into transferrable shares the condition of membership”.
  4. FORMATION OF A COMPANY  Stage 1- Promotion  PROMOTION of a business refers to all those activities that are to be undertaken performed to establish a new business.  Promotion includes conceiving ideas , ascertaining all basic requirements and arranging to set up the business units. This whole process is called promotion and person who does this called promoter.
  5. Stage2-INCPORATION  A joint stock company cannot be started without registration .  Company comes to existence only when it is registered with Registrar of a company .  Steps to be followed to register a company are – 1. Approval of names . 2. Filling of documents such as MOA and AOA. 3. Payment of registration fees.
  6. STAGE3- CAPITALRAISING  In case of a private limited company the capital is raise from members or banks and other sources.  In public company the capital is raised from public through shares.  To issue shares company should draft prospectus and get it inspected by SEBI {STOCK EXCHANGE BOARD OF INDIA} and follow all guidelines laid down by SEBI.
  7. STAGE4- COMMENCEMENT OF BUSINESS.  Private ltd. Company can start its business after registration (stage3).  Public co. needs a certificate called certificate of commencement of business .  Certificate of commencement is obtained from registrar of company.
  8. CONCLUSION The Companies Act , 2013 has taken a great initiative in establishing good corporate governance in India. Various changes have been introduction through the said Act for establishing transparency , accountability and independence in the operations of a company.