The Tata group comprises over 100 operating companies in seven business sectors. The group has operations in more than 80 countries across six continents, and its companies export products and services to 85 countries. Tata Motors Limited is India's largest automobile company,it is a public limited company with consolidated revenues of INR 1,65,654 crores in 2011-12. It is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer. Established in 1945, Tata Motors' presence cuts across the length and breadth of India. The company's manufacturing base in India is spread across Jamshedpur, Pune, Lucknow ,Pantnagar ,Sanand and Dharwad.Tata Motors is spread across the world and has many subsidiaries such as Jaguar Land Rover. It was the company to have the idea of an affordable car for the masses ,the tata nano.Being such a large and successful company it is an integral part in the nations development .
What type of company is Tata Motors Limited ?
Tata Motors Limited is from the Private Sector and is a Public Limited company. What is Private Sector?
It is an organization which is managed and owned by private individuals and not the government. What is a Limited Company?
A Limited Liability Company, quite simply is a company whose liability is limited. This means that people who have invested in the business (the shareholders) are only responsible for any company debts up-to the amount that they have invested and no more. What is a Public Limited company?
A public limited company is a form of business organization that operates as a separate legal entity from its owners. It is formed and owned by shareholders. Shares of a public limited company are listed and traded at a stock exchange market freely. Shareholders of a public limited company are limited to potentially lose only the amount they have paid for the shares they own.\ STEPS IN FORMING A PUBLIC LIMITED COMPANY
Obtain Director’s Identification Number (DIN). It is only after the DIN is approved, the incorporation documents can be filed with the Registrar.
Obtain a Digital Signature Certificate (DSC) from any of the approved Certifying Authorities / Registration Authority in India. The Digital Signature is a digital ID of the person who would be signing the Forms & Returns that are required to be filed with the Registrar of Companies (ROC).
Apply to the Registrar for obtaining the proposed name of the Company. At least 7 should be the Promoters of the Company in India. There should be at-least 3 Directors .
The minimum Authorised Share capital should be INR 500,000/-. Subject to compliance of the Companies Act, there is no restriction as to number of members, issue and transfer of shares and acceptance of deposits.
Whether there is any Trademark subsisting with regard to the name of the Company inside or outside India?
Registrar will communicate the approval with regard to the name. It should take about 2 – 3 working days to get the name approved, from the date the same is filed with the Registrar.
Get the papers for Incorporation ready:
(a) Memorandum of Association;
(b) Articles of Association;
(c) Form 32 – Details of Directors
(d) Form 18 – Situation of Registered Office
(e) Form 1 – Declaration of compliance with the requirements of the Act with respect to incorporation.
Features of a Public Limited company
Board of Directors
Public limited companies are headed by a board of directors. Composition of the board of directors is set out in the company's articles of association. Normally it comprises of a minimum number of two members and a maximum of 12. These are elected from the shareholders by the shareholders during the annual general meeting. They act as the representatives of the shareholders in the management...
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