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Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2013 Hi,

I need a memorandum of association of the Computer hardware company & Objectives?

please suggest

Ajay Mishra

Ajay Mishra (Expert)
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20 March 2013 Hi

Main objects of Computer Hardware Company
1. To manufacture , import, export, purchase, sell, trade, process, rent, lease and otherwise deal in computer hardware, computer software, computer stationer, data processing equipments, machinery components, equipments tools, apparatus accessories, spare parts, energy and or power saving equipment, solar energy equipments for computers, bio- medical and pollution controls, remote controls and the accessories used in electronic communication equipments peripheral products and transmission equipments, testing equipments, consumables such as ribbons types and styles back up cassettes, floppy diskettes of various capacities and size, electrical and electronic components manufacturing of electronic units and components required for any electronic industry associated and related with / to computer and provide training in respect of the above areas and to provide services in above areas including systems analysis, systems development, programming, data processing, data entry systems in India and abroad.

2. To develop, purchase , sell, lease or otherwise deal in computers software including programmes, application systems, data collection and other facilities relating to computer operations and data processing equipments of all kinds and to further carry on the business of consultants and consultancy in the areas of data processing financial analysis technical marketing and commercial or otherwise.

3. To provide consultancy and other services and to act as developers, consultants and technical advisers in the field of computers, computer softwares, hardwares, information and management systems, development and dealing in computer programmes, application systems, information and management systems for facilities of data processing and computer operation and in the field of electronics including all types of electronic equipments and appliances, accessories and components and to impart training conduct seminars, workshop, short and long duration, courses, maintenance, software development and to depute personnel to develop and process software and hardware and other electronic items in India and abroad.

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Ajay Mishra

Ajay Mishra (Expert)
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20 March 2013

Go to the following link:

http://www.ourprofessionalteam.com/index.php?option=com_oscontent&view=article&id=2979&catid=359&Itemid=63

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Querist : Anonymous

Querist : Anonymous (Querist)

21 March 2013 Thanks sir,

Just Visit above site ,, Its really helpful .

Thanks Again.

Ajay Mishra

Ajay Mishra (Expert)
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21 March 2013 Yes dear.......................

Querist : Anonymous

Querist : Anonymous (Querist)

08 August 2013
Dear Ajay Ji,

Can you please tell me what is the minimum Capital requirement to register a multi level marketing Pvt Ltd company or Direct selling Company?
Or
Is there any limit of mca to register a mlm company, like minimum 1 cr. capital required for this?

what other registration we should take to run a multi level marketing company?
Thanks In Advance

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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03 August 2024 ### Memorandum of Association (MoA) for a Computer Hardware Company

**Memorandum of Association of [Company Name] Private Limited**

**1. Name Clause:**
- The name of the company is **[Company Name] Private Limited**.

**2. Registered Office Clause:**
- The registered office of the company will be situated in the state of **[State]**.

**3. Objects Clause:**

**A. Main Objects:**
- To carry on the business of manufacturing, assembling, importing, exporting, selling, distributing, and dealing in computer hardware and peripherals including but not limited to computers, laptops, printers, scanners, monitors, and other related devices.
- To provide computer hardware solutions and services, including installation, maintenance, and repair of computer systems and related equipment.
- To engage in research, development, and innovation in the field of computer hardware and technology.

**B. Ancillary Objects:**
- To enter into contracts, agreements, and arrangements with individuals, firms, or companies for the supply of computer hardware and related services.
- To invest the surplus funds of the company in securities, shares, and other financial instruments.
- To acquire, purchase, and hold patents, trademarks, and other intellectual property rights related to computer hardware and technology.

**C. Other Objects:**
- To establish branches, agencies, and offices in any part of India or abroad for the purpose of carrying on the company’s business.
- To carry out any other activity that is ancillary or incidental to the main objects of the company.

**4. Liability Clause:**
- The liability of the members is limited to the amount unpaid on the shares held by them.

**5. Capital Clause:**
- The authorized share capital of the company is **₹[Amount]** divided into **[Number of Shares]** equity shares of **₹[Face Value]** each.

**6. Subscription Clause:**
- We, the undersigned, whose names, addresses, and descriptions are given below, are desirous of being formed into a company in pursuance of this Memorandum of Association and we respectively agree to take the number of shares in the capital of the company set opposite our respective names.

**Name, Address, and Description of Subscribers:**
- [Subscriber 1 Name], [Address], [Occupation] – [Number of Shares]
- [Subscriber 2 Name], [Address], [Occupation] – [Number of Shares]
- [Subscriber 3 Name], [Address], [Occupation] – [Number of Shares]

**7. Witness Clause:**
- Witness to the above signatures:
- [Witness Name], [Address], [Occupation]

---

### Minimum Capital Requirement for Multi-Level Marketing (MLM) or Direct Selling Company

As of the latest regulations and updates:

1. **Minimum Capital Requirement:**
- **No Specific Minimum Capital Requirement**: There is no specific minimum capital requirement mandated by the Ministry of Corporate Affairs (MCA) solely for MLM or direct selling companies. However, the general requirements for forming a private limited company apply.

2. **General Requirements for Formation:**
- **Private Limited Company**: The minimum authorized capital required to register a private limited company is typically **₹1 lakh**.
- **Public Limited Company**: For public limited companies, the minimum authorized capital is **₹5 lakh**.

3. **Regulatory Compliance for MLM Companies:**
- **Direct Selling Guidelines**: MLM companies must comply with the Direct Selling Guidelines issued by the Department of Consumer Affairs. Ensure compliance with the guidelines related to business practices, disclosure, and consumer protection.
- **Consumer Protection Act**: Adhere to the regulations set under the Consumer Protection Act, 2019.
- **Tax Registrations**: Obtain GST registration if your sales exceed the prescribed threshold limit.

4. **Other Registrations and Licenses:**
- **Trade License**: Obtain a trade license from the local municipal authority.
- **Professional Tax Registration**: If applicable, register for professional tax.
- **FSSAI Registration**: If dealing with consumable products, you may need FSSAI registration.

### Summary

- **MoA for Computer Hardware Company**: Includes specific clauses related to the business of manufacturing and dealing with computer hardware.
- **Minimum Capital for MLM**: Generally, the minimum capital is the same as for any private limited company, with no additional specific requirements for MLM.
- **Other Registrations**: Ensure compliance with Direct Selling Guidelines, obtain necessary local licenses, and register for applicable taxes.

For precise and up-to-date information, consider consulting with a company secretary or legal advisor to ensure all regulatory requirements are met.

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