Newly incorportaed company requirements

Dhwani Tanna (Querist) 09 July 2012 This query is : Resolved
What are the Legal Requirements that a newly incorporated Private Limited company has to comply with in the year of Incorporation except Registration.
Like Appointment of Auditors etc.

Also If a company has failed to collect the Share application money from Directors during the year. Is it a disqualification of Director?

Follow Query

Report Abuse

Guest (Expert) 10 July 2012
The newly incorporated company has to take the following actions immediately after incorporation;

Hold its first Board Meeting within 30 days to appoint the FirstDirectors/Auditors etc.Prior to the appointment of auditor,please ensure that he is qualified to be appointed for the same.

Then inform the Auditor about his appointment.

File Form 32 with the RoC if any new directors were appointed at the said meeting.

Open a Bank A/c.

Arrange for printing of the Share Certificates,Letter-heads etc.

Apply for PAN and TAN

Apply for registration under VAT/CST/Central Excise/Local Tax/Trade /Shops Establishment Act,Trade Marks Act,License for Import Export Code,Pollution Control Certificate,Fire License etc.

Directors become dis-qualified if they fail to pay for their shares as provided in the AoA.

C.A. A.K.Maitra

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries