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Procedure after Incorporation

26 March 2011

Hi Folks, Can anyone tell me about the procedure after Incorporation of Public/Private Company and also pls let me know the compliances to be followed in section wise.......Its urgent....

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5 Replies

Shridhi Jain (Company Secretary) (1678 Points)
Replied 26 March 2011

In case of Private Ltd. co. , you should hold first Board Meeting within one month of the incorporation of the company for various issues like Appointing first auditors, adopting common seal of the co., opening bank account of the co....etc.

This is the only thing you have to comply with jst after incorporation.

Actually there are many sections to be complied with, in general as well as depending upon the nature of business your co. is carrying on....

A layman cannot comply with all these things, neither he/she knows what steps to be taken in which circumstances. So its better to consult a Practicing CS.

In case of Pub. co, in addition to above, you need to hold Statutory meeting too with in 6 months of the certificate of commencement of business.

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Sumit Jaiswal (Company Secretary) (818 Points)
Replied 26 March 2011

Agree with Ms. Shridhi. I also think the same.

uma maheshwari.m (NA) (25 Points)
Replied 26 March 2011

Thanks shridhi..

Sweety Rai (Nil) (61 Points)
Replied 26 March 2011

Agree with Ms. Shridhi. and company also required to held board meeting & fixed the accounting /financial year of the company.

Jitendra (CEO) (21 Points)
Replied 27 March 2011

I would like to know what is ROC filing procedure soon after company incorporation...?? Is there any specific procedure for writing minutes of AGM or the statutory meeting and the Board meetings...??