Legal
3. Obtain DIN–
An individual intending to become Director needs to obtain DIN.
Requirement to Apply for DIN:
(Minimum Three Directors are required for Incorporation of Nidhi Company)
1.
2.
3.
4.
5.
6.
7.
8.
Photograph of the Applicant - To be Self-attested.
PAN - To be Self-attested
Mobile No.
Email id.
Educational Qualification
Occupation
Proof of residence of applicant
Address proofs like passport, election (voter identity) card, ration card, driving licence, electricity
bill, telephone bill or bank account statement shall be attached and should be in the name of
applicant ( shall not be later than 2 months).
9. DSC of Individual.
4. Apply For Name:-
A Producer Company should be named using the following suffix “Producer Company Limited”
appropriately indicating its status of Producer Company. The word “private” is not used in the name and
the absence of which does not indicate that the company is a “public”.
Requirement to Apply for Name Availability:
1.
2.
3.
4.
Six Proposed name with significance of Name
Authorized Capital- Minimum 5 Lacs
Jurisdiction of Registrar of Companies.
Main Object to be pursued by Company
After Name Approval Process:
Once Name is approved by ROC, following are the Pre-Incorporation Steps:
5. Drafting of Memorandum of Association (MOA) and Article of Association (AOA):
Drafting of Memorandum of Association (MOA) and Article of Association (AOA) is generally a step
subsequent to the availability of name made by the registrar It should be noted that the main objects
should match with the objects shown in e-Form INC-1 (Objects for Producer Company are restricted).
These two documents are basically the charter and internal rules and regulations of the Company.
Therefore, it must be drafted with utmost care and with the advice of the professional. The Directors/
promoters with the help of professional draft MOA and AOA.
6. Declaration by Professionals in INC- 8
Pursuant to section 7(1) (b) and rule 14 of the Companies (Incorporation) Rules, 2014
Require to take a Declaration from Professionals Like: (CS-CA-CWA), Giving declaration that, all the
requirements of Companies Act, 2013 and the rules made there-under relating to registration of the
company under the Act and matters precedent or incidental thereto have been complied with.
www.Venture-Care.com/Magazine
December 2017
19