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LOVELY PROFESSIONAL UNIVERSITY

TERM PAPER

OF
CORPORATE AND BISINESS LAW

TOPIC

FORMATION OF CONSULTANCY SERVICES COMPANY

Submitted to:- Submitted by:-
Mr. Sumit goyal Anayat Ansari
In Lsm LPU Roll No.-B31
Section-RS1904
Reg. no.10906120

DECLARATION

I, Anayat Ansari student of Lovely Professional University have completed the Project on:

FORMATION OF CONSULTANCY SERVICE COMPANY

The information given in this project is true to the best of my knowledge.

(ANAYAT ANSARI)

ACKNOWLEDGEMENT

First of all I would like to thank the Lovely University and take the opportunity to do this project as a part of the M.B.A.

Many people have influenced the shape and content of this project, and many supported me through it. I express my sincere gratitude to Mr. Sumit goyal for assigning me a project of corporate and business law, which is an interesting and exhaustive subject.

He has been an inspiration and role model for this topic. His guidance and active support has made it possible to complete the assignment.

I also would like to thank my Friends who have helped and encouraged me throughout the working of the project.

Last but not the least I would like to thank the Almighty for always helping me.

PREFACE

This project is undertaken to fulfill the project work component of the M.B.A programme in 1st Semester. My project guide from L.P.U is Lect. Mr. Sumi Goyal. The term paper is based on-

Formation of consultancy Service Company

INDEX

INTRODUCTION

FORMATION OF ANGEL ONE CONSULTANCY SERVICE LTD.

MEMORANDUM OF ASSICIATION

ARTICLE OF ASSOCIATION

MEETING OF COMPANY

CERTIFICATE OF CORPORATION

WINDING UP

FORMS

CONTRACT 1

CONTRACT 2

INTRODUCTION

A company, formed and registered under the Company Act, is regarded by law as a single person, having specified rights and obligations. The law confers on a company a distinct legal personality, with perpetual succession and a common seal. A company is an association of a number of persons, formed for some common purpose and registered according to the law relating to companies. Section 3(1)(i) of the Companies Act, 1956 states that a company means, “a company formed and registered under this Act or an existing company”.

A company is an association of many persons who contribute money or money’s worth to a common stock and employ it for a common purpose. The common stock so contributed is denoted in money and is the capital of the company. The people who contribute it or to whom it belongs are members. The proportion of capital to which each member is entitled is his share”.

ANGEL ONE CONSULTANCY SERVICE LIMITED

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Formation of ANGEL ON CONSULTANCY SERVICE LTD. company

For the formation of a company, certain preliminary decisions are necessary. Like its type whether it should be a private company or public company, what its capital should be etc. All these decision are taken by its promoters and promoters do the entire necessary preliminary work incidental to the formation of company.

Approval of name

The first step in the formation of a company is the approval of the name by the registrar of the companies. In the state, union in which the company will maintain its registered office. This approval is provided subject to certain conditions: for instance, there should not be an existing company by the same name. Further, the last words in the name are required to be "Private Ltd." in the case of a private company and "Limited" in the case of a Public Company. The application should mention at least four suitable names of the proposed...
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