Newly incorportaed company requirements

This query is : Resolved

CA Dhwani (Querist)
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09 July 2012 Which are the Legal requirements that a newly incorporated Private limited company has to comply with.
Like appointment of Auditors etc.

Also if the Company has failed to collect the share application money in last year, what steps should be taken.

Ajay Mishra

Ajay Mishra (Expert)
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16 July 2012 Hi

Following agenda item should be consider in first Board Meeting after incorporation of company:

1. Adoption of Certificate of Incorporation
2. Appointment of First Directors
3. Disclosure of Interest
4. Authorization to issue of shares to Subscribers
5. Situation of Registered office of the Company
6. Fixation of Financial Year of the Company
7. Appointment of First Auditors
8. Adoption of Common Seal
9. Adoption of Pre- Incorporation a
10. Director Fee
11. Maintenance of Statutory Register
12. Vote of Thanks

If the application money is not received in time then it will be treated as debts due from subscribers to MOA.

ARUN KUMAR MAITRA

ARUN KUMAR MAITRA (Expert)
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13 August 2012 It should comply with registration/licenses under various applicable stautes like registraion under the Shops & Establishment Act,P.F.Act,ESI Act,Factories act,CST/VAT/Local Sales Tax Act,Trade Marks Act,Central Excise Act,etc.

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