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Company Registration Consultants

By Monday, 12-August-2019

       Company Registration:-              

                  Where the proposal is to undertake the business of banking, it can be carried on without registration as a company if the number of persons joining together for the business is not more than ten. If there are more than ten persons who together intend to do banking business, they cannot do so unless they form company and register it under the Act Company Registration.

                     The mandatory need for registration as a company arises only when an association of more than twenty persons intends to vary on some business other than banking with the object of acquisition of gain.  Acquisition of gain or the intention to earn profit is the important criterion Company Registration. 

                   When an association was formed with the object of acquiring land and division thereof amongst the members, such an association was formed with the object of acquiring land and division thereof amongst the members, such an association was held outside the ambit of the statutory provision Company Registration.

                       Where there is an existing company ,some name with in inclusion of a place in brackets for a company cannot be proposed as for examples the name Indian  press as for example the Indian press (Delhi )limited cannot be allowed in view of the existence of the company with name Indian press limited .however  , there are exception to this rules in the case of subsidiaries and also companies with local business .for example , corner  garage (Delhi)private limited  may be allowed notwithstanding that there  is an existing companies corner garage private limited at Calcutta. So would be regent cinema limited at madras if there is a company by allowed if they are in the name regent cinema (Delhi) limited. Such name may also be allowed if they are in the same group of management after obtaining no objection from the existing company Company Registration.