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7. Affidavit from Subscribers and First Directors In Inc 9
[ Pursuant to section 7( 1)© of the Companies Act, 2013 and rule 15 of the Companies( Incorporation) Rules, 2014
Requires taking affidavit from Subscribers and First Directors of Company.
8. Registered Office of Company:
As per section 12( 1) and rule 25 of Chapter II- Company shall have a place as its registered office in the State stated in the Memorandum on and from the 15th Day of its Incorporation.( Practically from the date of incorporation).
Certificate of Incorporation
I. The Registrar of the Companies, on being satisfied that all the documents for the incorporation of a company is submitted, he is obliged to register the memorandum, the articles and other documents, if any, and issue a ' certificate of incorporation ' within thirty days, which is a conclusive proof of its formation in terms of Part IX A.
ii. The incorporation of Producer Company is effective from the date mentioned in the certificate of registration granted by the Registrar of Company. iii. On incorporation, a company becomes a juristic person, i. e. a person in the eyes of law. It has perpetual succession i. e. its members may come and go but the company goes on till it is wound up by following the process of law.
iv. It has a common seal, which is affixed on all the documents executed on behalf of the company in the presence of a director and be signed by the authorized signatory or signatories.
v. It is empowered to hold all properties in its own name and has its own right. It can sue others and can be sued by other and enter into contracts in its own name.
Tasks to be completed immediately after incorporation of the PC The following tasks have to be completed immediately after incorporation:
Legal
I. Open a Bank Account with minimum two officially nominated signatories in the name of the Company.
ii. Procure PAN number from the Income Tax and TIN number from the Commercial Tax Department to carry out business. Also, the company have to register itself for Service Tax from Commercial Tax Department and VAT from Excise department.
iii. Apply for the commercial connection of Power supply to related agency / board for then office of the PC.
www. Venture-Care. com / Magazine December 2017
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