Section 25 company

678 views 1 replies

Hi all

I want to Know about following in relation to Section 25 companies

1. what is the procedure to Form Sec 25 Company ?

2. Is it now complteley Automated or still need to visit offices or file hard copies of documents ?

3. with a view of Education Institute what is more beneficial to incorporate with capital or without capital?

4. If with capital - can shares be issued at premium ?

5. What will be other restriciton regarding Number of Members etc ifincorporated  without share capital?

Thanks in Advance. 

Replies (1)

Dear Anand,

Procedure for formation of section 25 company is as follows:-

1. Obtaining Digital Signature Certificate.

2.Obtaining DIN.

3.Filing Form 1A (atleast 1+3 names)    

4. Representation before ROC on behalf of Promoters

5.Application to Regional Director for issue of licence

  • Filing Form 24A
  • 3 Printed copies of Moa & Aoa
  • List of Directors
  • Declaration from CS/CA/Advocate
  • Declaration from Promoters
  • Consent to act as directors
  • Statement of Asset & Liabilities
  • Statement of proposed work
  • Statement of estimated income and expenditure
  • Statement of grounds for making application
  • Copy of advertisement/Public Notice
  • Power of Attorney
  • Photocopy of name approval                

 

6.Representation before RD in case of objection

7.Public notice/Advertisement

    AFTER LICENCE ISSUED

Form 1, 18, 32 filing, MOA and AOA printing and letter of authority filing with ROC

IN CASE OF IT BEING A PUBLIC COMPANY 

Certificate of Commencement too is required.

 

THE PROCEDURE IS STILL NOT COMPLETELY AUTOMATED

Thanks & Regards

Amit Mishra

BSamrish & Co.

New Delhi































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