Moa
This query is : Resolved
28 July 2014
1.Main object approved by ROC is given below.
To start and conduct kuries namely transactions entered into by the company with a number of persons that everyone of the contracting parties shall subscribe a certain amount of money by periodical installments for certain definite periods and that each in his or her turn as determined by lot or by auction or both shall be entitled to the prize amount less discounts as may be provided fit in the agreement, but the company shall not carry on the business of banking within the meaning of Banking Regulations Act,1949.
2. Matters which are necessary for furtherance of the object specified above.
Pl draft as usual, but care should be taken not to include any business other than chits.
3. Other objects
As per Companies Act 2013, no need to include other objects.
P.S. As per 1956 act, other objects not permitted to chit companies.
To start and conduct kuries namely transactions entered into by the company with a number of persons that everyone of the contracting parties shall subscribe a certain amount of money by periodical installments for certain definite periods and that each in his or her turn as determined by lot or by auction or both shall be entitled to the prize amount less discounts as may be provided fit in the agreement, but the company shall not carry on the business of banking within the meaning of Banking Regulations Act,1949.
2. Matters which are necessary for furtherance of the object specified above.
Pl draft as usual, but care should be taken not to include any business other than chits.
3. Other objects
As per Companies Act 2013, no need to include other objects.
P.S. As per 1956 act, other objects not permitted to chit companies.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- REGARDING GST LIABILITY/....
- Last year TDS Claim
- GST Registration Horse racing
- Small dealers gst returns filing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
