Company law
azhaganjai
(Querist) 25 January 2012
This query is : Resolved
Dear Sir/Madam
Here I want to know what is the procedure to incorporate the private limited by Private Trust?
Can your refer the Section too?
Heena Khurana
(Expert) 25 January 2012
a private limited will be incorporated under the provision of the Company Act 1956,, as per the law,,
there is a requirement of minimum 2 individuals to form a private limited and a minimum of Rs. 1,00,000/- as a share capital...
for any other clarifications ,please feel free to revert.
azhaganjai
(Querist) 25 January 2012
Thank You for immediately answering me
I understand from your answer is The trust cannot incorporate a Company
Shailesh Kumar Shah
(Expert) 25 January 2012
I would like to add in the reply of Expert : Heena Khurana that company also incorporate company.
azhaganjai
(Querist) 25 January 2012
Thank Your Mr. Shah
Dear Sir, I want to know the procedure to a Private trust incorporating a Private Limited or which section provided by Law
Shailesh Kumar Shah
(Expert) 25 January 2012
Dear Mr.azhaganjai
What is the object of trust to incorporating company?
is private trust deed allow?
azhaganjai
(Querist) 25 January 2012
Thank You to response sir,
the object is Ayurveda Medicine Development
the deed allows
Shailesh Kumar Shah
(Expert) 25 January 2012
U/s 11 private limited company could be incorporated. But without seeing trust deed, opinion could not be farmed.
azhaganjai
(Querist) 25 January 2012
Thank you for Response
If the trust is incorporating the company who is the promoter or the first Two person to incorporate?
Shailesh Kumar Shah
(Expert) 25 January 2012
Dear Mr.azhaganjai,
Please email me or post extract trust deed for further guidance. I already said that without seeing trust deed, further opinion could not be formed.
prabhakar singh
(Expert) 26 January 2012
Mr.Shah appears to have resolved your query.
V R SHROFF
(Expert) 26 January 2012
Nothing to add , as Mr. Shah suggested well.
CS Deepak Pratap Singh
(Expert) 26 January 2012
Dear Sir,
A trust can be a member of a private limited company . It depend the rules and regulations mentioned in Trust Deed.
azhaganjai
(Querist) 27 January 2012
I really thank to all of you to response my query
I expecting Mr. Deepak Pratap Singh answer A trust can be a member (i.e) It is an Individual there must be another person to incorporate a company
I am right or not
Once again I thank to all of you for long response of my query
Whether it right the normal Incorporation procedure is enough.
Advocate. Arunagiri
(Expert) 27 January 2012
Trust can be a member of public / private limited company, but the trust can not be the director of the company.
Usual procedure is applicable.
Jai Karan Nagwan
(Expert) 29 January 2012
If you have no intention to earn profits by incorporating the private company, you can refer to Section 25 of the Companies Act 1956.
