Company formation rules?
supabcdefgh
(Querist) 20 April 2013
This query is : Resolved
When forming company, to write objectives, these CAs advice to add all INCIDENTAL OR ANCILLARY that include even purchase and sale of alcohol. The company is related to formation of a company to intiate and ignite research in various fields, to assist educational institutes directly by supplying technical man power or by helping smaller college colaborate with better college. Now, obviously when we wish to help or do, we will make Video and web publications for news paper, TV and web propaganda.. The company name proposed is XXXX research and Consultancy Pvt Ltd. Now my question: while forming the company the CA is objecting to:
I have also deleted the object "To create multi-media based content to highlight the activities." as this doesn't fits into the concept of object of the company and also that this can be done as regular business activity even not mentioned in the object clause.
I don't understand when purchase and sale of alcohol is put by force, why does he have this objection?
Devajyoti Barman
(Expert) 20 April 2013
The CA tries to add the clauses keeping the contingencies in mind.
if you think that you have no future plan to diversify the object for which the company is formed you can always leave those clauses aside.
supabcdefgh
(Querist) 20 April 2013
"To create multi-media based content to highlight the activities." - Dear sir, thanks for your answer, I wish to know why he had objection to this clause. The name XXX research ad consultancy pvt ltd. The aim is to assist research and consultancies in various colleges..
R.V.RAO
(Expert) 25 February 2014
let us understand that these days,whatever business you carry, web based ads.,multimedia based content to advertise is very common.
perhaps this is in the mind of people assisting you in formation of the co.
yours being pvt.ltd.co.it is easy for you to add at any time any new objective even remotely connected with your line of business.
concentrate more on improving and establishing your new business.
leave other jobs to the professionals.
