The following procedure is followed in the registration phase:
1. Application Form (Memorandum of Association):
- This is the basic document of the company.
- The goals and scope of the company are determined on the basis of the clauses contained in this document.
- This document shows the name of the company, goal, capital, liability of the members, registered office etc.
- This document determines the relationship between the third party and the company.
- Application form is a basic and important primary requirement for any company.
- The business of the company is determined by the application form.
2. Articles of Association:
- A regulation is a document outlining the company's internal administration and standards.
- The policies of the company are laid down here to realize the goal set by the company in the application form.
3. List of Directors:
- The names of the persons, who are to act as the managers of the company, their names, addresses, occupations, age, nationality, etc., are listed before the Registrar of Companies.
- The company to be appointed must have at least one female manager among the managers.
4. Written Consent and Affidavit of the Directors:
- Each administrator must give written consent that the registrar voluntarily accepts responsibility as administrator.
- In addition, the payee and the first administrator have to submit an affidavit to the Registrar regarding the following matters:
- He has not been convicted of any crime.
- He is not guilty of any fraud or malpractice.
- The information given before the Registrar is correct and complete.
5. Declaration:
- A statement stating that all the provisions of the law have been complied with for the establishment of the company has to be filed before the Registrar of Companies.
- This statement must be printed and signed by an Advocate, Chartered Accountant, Cost Accountant or Company Secretary who is involved in the establishment of the company.
- The name of the administrator, manager or secretary in the regulation of the company has to be signed.
6. Disclosure of Interest in Other Company:
- The company's managers, managers, secretaries or fillers have to provide information if they are associated with another company and have an interest in it.