The Companies Act, 2013
CHAPTER II: INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO
Section 4: Memorandum
Bare Act
(1) The memorandum of a company shall state -
- (a) the name of the company with the last word "Limited" in the case of a public limited company, or the last words "Private Limited" in the case of a private limited company: Provided that nothing in this clause shall apply to a company registered under section 8;
- (b) the State in which the registered office of the company is to be situated;
- (c) the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof;
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(d) the liability of members of the company, whether limited or unlimited, and also state,
- (i) in the case of a company limited by shares, that liability of its members is limited to the amount unpa… Read the complete text with KanoonGPT Pro.
Simplified Act
What the company's foundation document must include:
- The company's name, which should end with "Limited" for public companies or "Private Limited" for private companies, unless it's a special type of company under section 8.
- The state where the company's main office will be located.
- The purpose of the company and any other important related… Read the complete text with KanoonGPT Pro.
Explanation using examples
Imagine that Alice and Bob decide to start a technology consulting company. They want to register it as a private limited company under the name "TechSavvy Consultants Private Limited". They would need to draft a memorandum of association as per Se… Read the complete text with KanoonGPT Pro.
