Online Company Registration in Chennai
The fees payable to the register of companies at the time of registration depend on the authorised capital of a company as per amended schedule X to the act. For the guidance of the promoters the fees payable for different sizes of companies have been worked out and indicated in appendix 5.3. The amended schedule X with effect from 1-5-2000 may be in a table at the end.
DEPARTMENT ADVICE TO REGISTRARS TO BE CAUTIONS WHEN REGISTERING CERTAIN COMPANIES
The registers have been advised that they should register a company as an asset management company only after satisfying that the draft memorandum and articles of association of the company has been cleared by the circular no.4/92 dated 2-9-1992 form the department of company affairs may be seen in appendix5.4.
Companies proposed to engage as register, investment advisors etc.
Online Company Registration in Chennai which propose to engage, in rendering services like merchant bankers, register to an issue, portfolio managers etc, are required to obtain a certificate from the SEBI before they commence business. the department has advised the register vide circular no.5/94 dated 15-1-1994 that it is not necessary for the register to ask the promoter of the above types of companies to obtain the prior approval of the SEBI in respect of their respect of their memorandum and articles . The text of the said circular may also be seen appendix5.4
ü If the register is satisfied that all the requirement of section 6(as illustrated above) have been complied with, he shall register the document and shall certify under his hand that the company is incorporation.
ü Form the data of incorporation a private limited company can commence the business as per its memorandum and articles. but a public limited company can commence its business or exercise borrowing powers only after filing with the register a statement in lieu of proposed (if more time will be take to finalise a prospectus) and after obtaining the certificate to commence business in term of section 149 of act , which is explained in a separate chapter.
EFFECT OF REGISTRATION OF A COMPANY
Form the data of incorporation as mentioned in the certified of incorporation , the subscribes to the memorandum and other, as may form time be members of the company , shall be a body corporate capable of exercising all the function as stated in the memorandum as mentioned above and having perpetual succession and common seal http://www.privatelimitedcompanyregistration.com.
