Section 3 of CA 2013 : Section 3: Formation Of Company
CA 2013
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Explanation using Example
Imagine that Sarah and John want to start a software development business. They plan to keep the company privately held and intend to involve only themselves as the initial members. According to Section 3 of The Companies Act, 2013, they can form a private company as they are two or more persons (clause b). They subscribe their names to the memorandum of association and comply with the registration requirements to legally...
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