Form 1 for incorporation of section 25 company

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2013 Sir we all student are opening section 25 company and going to file for incorporation, So i want ask you that there are three promoter in the company and my few friends want become member in our company, So they can become and if they can than how i will inform to ROC that they are the member of our company.So please Sir provide me all details regarding this problem.

25 August 2013 Hi

Firstly, you clarify, that you have filed Form-1A with ROC for such kind of company or not and you got the approval for name availability.

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 August 2013 yes!
And we have got the name approval from ROC.
We have applied for licence also which will get in few days Sir.

25 August 2013 After got name approval you can add new promoters with NOC of all existing promoters. such NOC will be added to in MOA & AOA and filed with ROC in Form-1.

25 August 2013 To know about incorporation of Section 25 companies, go to the following link:

https://www.caclubindia.com/forum/details.asp?mod_id=220749

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2013 7. To provide legal assistance to the members of Backward Classes and Minorities in matters relating to their economic, social and educational upliftment.

8. To provide financial and other assistance to the members of Backward Classes and Minorities either directly or through other organisations to enable them to engage themselves in construction of building and production, trading and transport of the building material so as to improve their economic conditions.

9. To provide financial assistance in kinds or cash, grants, subsidies, donations, either directly to the members of backward classes and minorities or to and through such organisations as are considered appropriate for the purpose.

10. To provide financial assistance to the members of Backward Classes and Minorities for establishing them in self-employment in trade and/or industry.

11. To render financial assistance and other assistance in any form to the members of Backward Classes and Minorities in order to enable them to generate income for their livelihood.

12. To provide financial assistance to such members of Backward Classes and Minorities who want to start their own professions such as Doctors, Engineers, Lawyers, Architects, Chartered Accountants, or any other profession on personal security or any other form of security.

13. To provide financial assistance in kind or in cash, stand guarantee, or surety, to assist in getting on hire purchase or otherwise, on easy terms to the members of the Backward Classes and Minorities for engaging them in transportation business for earning income for their livelihood such as Auto, Tempo, Taxi, Jeep, Mini Bus, Truck, Tractor or any other 2, 3 or 4 wheeler vehicles.

14. To provide financial assistance to members of Backward Classes and Minorities individually and/or collectively i.e. as a Partnership Act, 1932, as an Association registered under the Societies Registration Act, 1860 or a Co-operative society Registered under the Maharashtra Coroperative Act 1960, a trust or such other orgnisation such as the Board of Directors may think fit for the industrial, agricultural, trades, business, commerce, profession or other skills and such other activities which are for the promotion and improvement of the economic conditions of the members of Backward Classes and Minorities on personal security as well as on the security of the assets of the activity undertaken.

15.To accept grants, donations, assistance from public bodies, corporations, companies or persons or trusts and foundations for the purposes of achieving the objects of the Company and to manage efficient, effective and permissible fund flow and fund utilization in consonance with the objects stated herein.

16. To plan, promote and undertake on its own or in collaboration with or through such Backward Classes and/or Minorities Organisation for arranging / imparting latest techniques in designs/instruments for village and cottage industries run by these classes.

17. (a) To undertake the construction of houses which may be sold to the members of the Backward Classes and/or Minorities on hire purchase basis at no profit no loss basis.

(b) To provide financial assistance to the members of Backward Classes and Minorities who wants to undertake the construction of houses.

18. To export commodities produced by the members of the Backward Classes and Minorities or other projects financed by the Corporation and import of goods of any type including plant and machinery and other implements, through the approved channels of the Government of India and the State.

19. To assist by Grant/Financial Assistance to Government Agencies, Semi-Government Agencies or to the non-Government organisations for providing training including pre-examination training to the members of Backward Classes and Minorities in different trades employments and in professional education.

20. To give on hire agricultural or industrial machinery or equipment either directly to the members of Backward Classes and Minorities or through Backward Classes Organisation at no profit no loss basis.

Sir can you tell me that all this object are fine under ancillary object under section 25 Company ????

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2013 Please reply know sir it's urgent for us because tomorrow we need to resubmit for licence...!


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