After various feasibility studies the promoter will start
preparing for getting the firm register.The step are as follows:
1.Name Approval:After the feasibility studies promoter have
to select a name and take approval of
registrar.It is check because some
name might be used already or to
ensure that the name is not misleading.
2.Deciding signatories to MOA(Memorandum of Association):The
people who will sign MOA will become the first directors of the company.So,it
will be decided who will sign MOA.
3.Appointment of Professionals & Preparation of
Documents:The promoter have to decide about the professionals who will perform
the banking facilities and take care of accounts and audits.Their name and
address of all share holders also has to be given to the registrar.
Preparation of documents to be prepared-
Memorandum of
Association and Article of
Association.MOA deals with all the issues related to
the rules and regulations followed by the company while dealing with outsiders
this is the main document which defines objective of the company.On the other
hand,AOA will contain all the rules and regulations followed within the
Association.These documents along with an application is submitted to the
registrar if he is satisfied,he allots the company a certificate which is known
as Certificate of Incorporation.
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