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Preliminaries in company formation

The adman of a company may be an single entrepreneur or a body corporate or a group of them or bodies corporate involved in efforts to bring into being a company. They have the power of defining the unit of the company and deciding various matters for the interval regulation of the company proposed to be incorporated. The various steps which a promoter will have to take for company registration are explained below. Selecting a name – Section 20 Basically a company cannot register itself by a name which, in the idea of the central government is undesirable. Normally it will be not consider to register a company name is already registered. A company is not have the rights to choose their new name which is same or already registered company name. Confirmation regarding name from the registrar Pursuant to section 20 of the act read with rule 4A of the companies (central governments) General Rules and Forms, 1956. The promoter of a company under a proposed nam...

1994 versions of ISO 9001, ISO 9002 and ISO 9003

The 1994 versions of the quality assurance standards ISO 9001, ISO 9002 and ISO 9003 specify three sets of quality system requirements. It can be used for external quality assurance purposes. The requirements in these external quality assurance standards are viewed as minimum good-business practices for a supplying company in any industry. The requirements are stated mainly in terms of what the supplier should accomplish, allowing considerable flexibility about how to implement a system that meets these requirements.  General Modifications The structure of ISO 9001 remains unchanged and the clause headings in ISO 9002 and 9003 have been aligned with ISO 9001. These headings are common to all three standards. Where a particular clause is not applicable to ISO 9002 or ISO 9003, this is stated in the standard. For instance, as design control is not covered by ISO 9002 and ISO 9003 , both standards state that ” The scope of this international standard does not...

The structure of the ISO 9000 standards

he ISO 9000 series of standards consists of two broad categories of standards : core standards and supplementary guidance standards. We have to know about the structure of ISO 9000 standards. Core standards The five core standards are : ISO 9000-1: 1994. Quality management and quality assurance standards – Part 1 : regulations for selection and use. This standard clarifies principal quality- related concepts and provides guidance for the selection and use of the ISO 9000 family of standards for quality assurance and management. ISO 9001 : 1994, Quality systems -help for quality assurance in development, design, installation, production and servicing. ISO 9002 : 1994 , Quality systems – help for quality assurance in production, servicing and installation. ISO 9004-1 : 1994 Quality management and quality system elements – Part 1 : Guidelines. This standard is meant for internal use by organizations and provides guidance in designing and implementing a quality...

Do you wish to appoint a manager in your company?

1. Convene a board meeting after giving notice! To all the company directors as per section 173 of the 2013 Act. Approve the draft agreement or the conditions and terms on which the manager is declared to be appointed in the general meeting. 2. Beware that every officer of the company shall be a punishable with fine of Rs. 25,000. This offense is compoundable by the any officer or regional director approved by the central Government. 3. Issue notices in writing of the general meeting at least 21 days. Before the date of the conference on with the applicable informative statement. 4. Comply with the provisions of Sections 184 of the 2013 Act regarding disclosure of interest of directors etc. In case of a public limited company which includes a private limited company which are subsidiaries of public limited company. Under the section 184(3) of the 2013 Act read with Rule 15(2) of the Companies (Meetings of Board and its Powers). It also regard abstaining from di...

Convert private company into a public company

The public company has the following procedures prescribed in the act for convert private limited company for their status. Similarly, a public limited company can convert itself into a private limited company.   . Convert Private Limited Company into Public Limited Company A company which is initially incorporated as a private limited company . The company can change its status into that of public limited company. The public company has the following procedures prescribed in the act for conversion of status. Similarly, a public limited company can convert itself into a private limited company . Circumstances for conversion of private limited company into public limited company A private limited company can convert itself into a public limited company in the following circumstances : (a)voluntarily on its own volition (b) by reason of default (c)by operation of law Conversion of a private limited company into public limited company on own volitio...