Term Paper

Formation of a Public
Limited Bank

Submitted by:
Sheikh Talha
RS1904 B25
10906035
Lovely Professional University

Submitted to:
Mr.Sumit Goyal
 Acknowledgement

I take this opportunity to present my vote of thanks to all those guidepost who really
acted as lightening pillars to enlighten our way throughout this project that has led to
successful and satisfactory completion of this study.

We are really grateful to our COD Mr.Devdhar shetty for providing us with an
opportunity to undertake this project in this university and providing us with all the
facilities. We are highly thankful to Mr.Sumit Goyal for his active support, valuable
time and advice, whole-hearted guidance, sincere cooperation and pains-taking
involvement during the study and in completing the assignment of preparing the said
project within the time stipulated.

Lastly, We are thankful to all those, particularly the various friends , who have been
instrumental in creating proper, healthy and conductive environment and including
new and fresh innovative ideas for us during the project, their help, it would have
been extremely difficult for us to prepare the project in a time bound framework.

SHEIKH TALHA
BANKING IN INDIA:- Banking in India originated in the last decades of the 18th
century. The oldest bank in existence in India is the State Bank of India, a
government-owned bank that traces its origins back to June 1806 and that is the
largest commercial bank in the country. Central banking is the responsibility of the
Reserve Bank of India, which in 1935 formally took over these responsibilities from
the then Imperial Bank of India, relegating it to commercial banking functions. After
India's independence in 1947, the Reserve Bank was nationalized and given broader
powers. In 1969 the government nationalized the 14 largest commercial banks; the
government nationalized the six next largest in 1980.Currently, India has 88
scheduled commercial banks (SCBs) - 27 public sector banks (that is with the
Government of India holding a stake), 31 private banks (these do not have
government stake; they may be publicly listed and traded on stock exchanges) and
38 foreign banks. They have a combined network of over 53,000 branches and
17,000 ATMs Banking in India originated in the last decades of the 18th century.
The first banks were The General Bank of India which started in 1786, and the Bank
of Hindustan, both of which are now defunct. The oldest bank in existence in India is
the State Bank of India, which originated in the Bank of Calcutta in June 1806, which
almost immediately became the Bank of Bengal. This was one of the three
presidency banks, the other two being the Bank of Bombay and the Bank of Madras,
all three of which were established under charters from the British East India
Company. For many years the Presidency banks acted as quasi-central banks, as
did their successors. The three banks merged in 1921 to form the Imperial Bank of
India, which, upon India's independence, became the State Bank of India.

The union bank was established in 1839 by Indian merchants in Calcutta(now

Kolkata), but it didn‘t succeed due to economic crises of 1848-49. After this, the
Allahabad bank came into existence in 1865 and is still functioning, and is the oldest
bank in india. It was not the first though. That honor belongs to the Bank of Upper
India, which was established in 1863, and which survived until 1913, when it failed,
with some of its assets and liabilities being transferred to the Alliance Bank of Simla.
Formation of a new bank

The Bank act 1959 sets down rules for the establishment of both public and private
bank. A company is formed by registering the Memorandum and Articles of
Association with the State Registrar of Companies of the state in which the main
office is to be located.

Foreign bank engaged in transaction and trading activities abroad are permitted by
the Reserve Bank of India to open branch offices in India for the purpose of carrying
on the following activities in India:
To represent the parent company in various matters in India, for example, acting as
buying/selling agents in India, etc.

To conduct research work in which the parent company is engaged provided the
results of the research work are made available to Indian companies

Application for permission to open a branch, a project office or liaison office is made
via the Reserve Bank of India by submitting form FNC-5 to the Controller, For
opening a project or site office, application may be made on Form FNC-10 to the
regional offices of the Reserve Bank of India. A foreign investor need not have a
local partner, whether or not the foreigner wants to hold full equity of the bank or any
company. The portion of the equity thus not held by the foreign investor can be
offered to the public.

Approval of the name:----

The first step in the formation of a bank is the approval of the name by the Registrar
of Companies (ROC) in the State/Union Territory in which the bank will maintain its
Registered Office. This approval is provided subject to certain conditions: for
instance, there should not be an existing bank by the same name. Further, the last
words in the name are required to be "Private Ltd." in the case of a private bank and
"Limited" in the case of a Public bank. The application should mention at least four
suitable names of the proposed bank, in order of preference. In the case of a private
limited bank, the name of the bank should end with the words "Private Limited" as
the last words. In case of a public limited bank, the name of the bank should end
with the word "Limited" as the last word. The ROC generally informs the applicant
within seven days from the date of submission of the application, whether or not any
of the names applied for is available. Once a name is approved, it is valid for a
period of six months, within which time Memorandum of Association and Articles of
Association together with miscellaneous documents should be filed. If one is unable
to do so, an application may be made for renewal of name by paying additional fees.
After obtaining the name approval, it normally takes approximately two to three
weeks to incorporate a bank depending on where the bank is registered,
BANK OF HINDUSTAN BANK LTD
FORM FWP
(Free Writing Prospectus - Filing under Securities Act Rules 163/433)
Filed 07/18/09
Telephone 91224957676
CIK 0001144967
Symbol BOH
SIC Code 6029 - Commercial Banks, Not Elsewhere Classified
Industry Money Center Banks
Sector Financial
Fiscal Year 03/31

BANK OF HINDUSTAN BANK LIMITED

BANK OF HINDUSTAN Bank House
Senapati Bapat Marg
Lower Parel
Greater Noida
India
Tel: 011-91-22-6652-1000
FWP
Form FWP
Filed on 7/18/2009
File No. 333-144461
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-144461
BANK OF HINDUSTAN BANK LIMITED
Pricing Sheet — July 18, 2009
6,594,504 Depositary Shares Representing 19,783,512 Equity Shares
Offering price : Rs.92.1 per ADS
Over-allotment
option
:
989,176 additional ADSs
Proceeds, net of
underwriting
commission
:
594.9 million (if over-allotment option is not exercised) or 684.1 million
(if over-allotment option is fully exercised)
Estimate of
expenses, not
including
underwriting
discount
RS.2,750,000 consisting of:
an SEC registration fee of Rs.21,490,
BSE listing fee of Rs.430,200,
estimated printing and engraving expenses of Rs.200,000,
estimated legal fees and expenses of Rs.460,000,
estimated accounting fees and expenses of Rs.1,185,000,
estimated insurance premiums of Rs.700,000, and
estimated miscellaneous fees and expenses of Rs.140,310.
The underwriters have agreed, subject to the completion of the
offering, to reimburse BANK OF HINDUSTAN Bank Limited for up to 0.453% of
the gross proceeds of the offering.
Trade Date : July 18, 2007
Settlement Date
:
Expected on July 23, 2007. Any change in the settlement date
will be notified to investors through a press release which will
be posted on the issuer‘s website at www.bankofhindustan.com.
Issuer Symbol : BOH
Exchange : BSE
The issuer has filed a registration statement (including a prospectus) with the
U.S. Securities and Exchange Commission (the “SEC”)
for the ADS offering to which this communication relates. Before you invest,
you should read the prospectus supplement and the prospectus
in that registration statement and other documents the issuer has filed with
the SEC for more complete information about the issuer and this
offering.
CUSIP : 40415F101
Underwriters
:
Merrill Lynch International
UBS AG
Credit Suisse Securities (USA) LLC
J.P. Morgan Securities Inc.
Morgan Stanley & Co. International plc
Nomura Singapore Limited
Deutsche Bank Securities Inc.

Memorandum of Association of The Bank of Hindustan.

The name of the bank is The Bank of Hindustan Limited and the registered office of
the company is situated at Greater Noida in India

The objectives of the bank of Hindustan are :

Formulates implements and monitors the monetary policy

Main Objective: maintaining price stability and ensuring adequate flow of credit to
productive sectors

Issues and exchanges or destroys currency and coins not fit for circulation.

Objective: the main objective is to give the public adequate supply of currency of
good quality

Another objective of this bank is that provided loan facilities to villagers for cultivation
and production of crops etc.

Their main objective is that provided loan facilities to home, car and education also,
but on some securities.
The Bank Of Hindustan

Firstly I have approved the name of my bank by giving an application in registrar

office. In the application I have specified my new bank name, situation where it is
situated.

As we know that the ministry of corporate affairs has launched a programme for
managing the work relating to filling of document etc. with roc ETC and will get
approvals from ministry of corporate affairs.

MCA-21 project is designed to fully automate all processes related to enforcement

and legal requirements under companies act 1956.

The following 9 matters I will cover under MCA-21 project since 15-9-2006.

Registrartion & Incorporation of new bank,

Filling of annual returns & balance sheets

Filling for foms of change name/address/directors details

Registration modification & verification of charges.

Inspection of documents

Issue of certified copies

Application for permission required

Approval from central Government, Regional Director & ROC

Investor grievance redresser.

But MCA-21 scheme does not cover matters relating to liquidation of the bank .

Share capital:
The share capital of the bank shall be not less than ten billion five hundred million
(10,500,000,000) and not more than forty-two billion ( 42,000,000,000). The
number of shares shall be not less than five hundred million (500,000,000) and not
more than two billion (2,000,000,000).

Incorporation of the bank :

Before the bank formed I will have to take certain preliminary decisions e.g., whether
it should be a private bank , what will be the capital, and whether worthwhile
forming a new bank or taking over the business of an already established concern.
All these decisions I will have to take by me with my colleague promoters.

Promoters : Promoters of Faridabad bank are Ms.Naina lal kidwai, Mr.Rakesh

Behnewal, Mr.Aslam khan and Mr.Ishaan Sood

Memorandum: Memorandum of every bank shall contain the following clauses :

The name of the bank is The Bank of Hindustan (pvt) Limited.

The registered office of my bank is situated in Greater Noida–Hindustan.

Articles of Association

1 Name and object

The name of the Bank is The Bank of Hindustan. The company is a public company.

The object of the Bank of Hindustan, is to conduct banking business and financing
operations, and operations naturally connected therewith.

2 Operations

The Bank will conduct such banking operations as are intended in the Banking and
Financing Business Act (2004:297). This Act states that by banking operations is
meant operations including
1. Payment services via the general clearing systems, and
2. Receipt of funds which, following notice of termination, are available to the creditor
within not more than 30 days.

General clearing systems means systems for the forwarding of payments from a
large number of payers, who are not associated with each other, which are otherwise
intended to reach a large number of ultimate payees who are not associated with
each other.

The Bank may also - in its operations - conduct financing operations naturally
connected therewith, in accordance with the Banking and Financing Business Act,
among other things

Borrow funds, for example by accepting deposits from the general public, or by
issuing bonds or other comparable debt instruments,

Grant and broker loans, for example in the form of consumer credit and loans
secured by charges over real property or claims,

Participate in financing, for example by acquiring claims and leasing property,

Negotiate payments,

Provide means of payment,

Issue guarantees and assume similar obligations,

Participate in the issue of securities,

Provide financial advice,

Hold securities in safekeeping,

Conduct letters of credit operations,

Provide safety deposit services,

Engage in currency trading,

Engage in securities operations, and

Provide credit information

3 Share capital, etc.

The share capital of the bank shall be not less than ten billion five hundred million
(10,500,000,000) and not more than forty-two billion ( 42,000,000,000). The
number of shares shall be not less than five hundred million (500,000,000) and not
more than two billion (2,000,000,000).

Each share is entitled to one vote.

It shall be possible to issue two classes of shares, ordinary shares and preference
shares. Ordinary shares may be issued up to a number corresponding to the highest
number of shares permitted according to these Articles of Association. Preference
shares may be issued up to a maximum of three hundred million (300,000,000)
preference shares.

In the event that the Bank resolves to, by a cash issue or a set-off issue, issue new
shares of different classes, the holders of ordinary shares and preference shares
shall have preferential rights to subscribe for new shares of the same class in
relation to the number of shares already held by each holder (primary preferential
right). Shares not subscribed for on the basis of primary preferential rights shall be
offered for subscription to all shareholders (secondary preferential right). If the
number of shares offered in this manner is insufficient for subscription based on
secondary preferential rights, the shares shall be allocated among the subscribers in
relation to the total number of shares in the Bank held. To the extent this is not
possible as regards a certain share/certain shares, the allocation shall be done by
drawing of lots.

In the event that the Bank resolves to issue new shares, by a cash issue or a set-off
issue, and only one class of shares is issued, all shareholders, regardless of whether
they hold ordinary shares or preference shares, shall have preferential rights to the
new shares in relation to the number of shares in the Bank held.

In the event that the Bank resolves to issue new warrants or convertibles, by a cash
issue or a set-off issue, the shareholders shall have preferential rights to the
subscription of the new warrants as if the issue related to the shares that may be
subscribed for following an exercise of the warrants or, in case of an issue of
convertibles, as if the issue related to the shares that the convertibles may be
converted into.

What is stipulated above shall not restrict the possibilities for resolving on a cash
issue or set-off issue with deviation from the shareholders‘ preferential rights.

If the share capital is increased through a bonus issue, new shares of each class
shall be issued in relation to the number of shares of each class previously issued. In
such case, old shares of each class shall have preferential rights to new shares of
the same class. What is hereby stipulated shall not restrict the possibilities for
resolving, after necessary amendments of the Articles of Association, on a bonus
issue of shares of a new class.

A preference share shall be converted (transformed) into an ordinary share as

follows.
1. Voluntary conversion
An owner of a preference share is during the months of February and August each
year, starting August 2009 (the ―Conversion Periods‖), entitled to request from the
Board of Directors that the share is converted into an ordinary share. Request for
conversion shall be made in writing on the form prescribed by the Board of Directors,
and must be received by the Board of Directors not later than last day of the relevant
Conversion Period. Request for conversion may only be made in relation to the
owners‘ entire holding of preference shares. The Board of Directors is obliged to
resolve, during the month immediately following each Conversion Period, on
conversion of the preference shares held by shareholders that have requested
conversion during the relevant Conversion Period.

2. Mandatory conversion

The Board of Directors is obliged to, during the calendar month immediately
following the month in which the Annual General Meeting 2013 is held, however, if
applicable, not earlier than the day after the record day for the right to receive
dividends resolved at such Annual General Meeting, resolve to convert all
preference shares into ordinary shares. At such time, the Board of Directors shall
also establish and announce the record day for conversion.
3. Record day provision

The Bank‘s shares shall be registered in a register in accordance with the Financial
Instruments Accounts Act (1998:1479).

4. Registered office

The registered office of the Bank shall be at Greater Noida.

5.The Board of Directors

In addition to those Directors who, by law, are appointed other than by the General
Meeting, the Bank‘s Board of Directors shall consist of no less than seven and no
more than eleven members.

6. Quorum, etc

With regard to the Board forming a quorum and the majority requirements for Board
decisions, the relevant provisions of the Companies Act (2005:551) shall apply.

The Board of Directors shall, as a rule, meet once a month.

The Board is entitled to authorise a member of the Board or another person to

represent the Bank and sign for the Bank in accordance with the relevant provisions
of the Companies Act (2005:551) and the relevant provisions of the Banking and
Financing Business Act (2004:297).

7. Financial year

The Bank‘s financial year shall be the calendar year.

8. Auditors
The Bank shall have at least one and no more than two auditors and with no more
than an equal number of alternates. Auditors, and alternates if appointed, shall be
authorised public accountants.

Registered firms of auditors may also be appointed.

9. Timing of Annual General Meeting

The Annual General Meeting shall be held before the end of April unless special
circumstances dictate otherwise. In no event however, shall the Annual General
Meeting be held after the end of June.

10. Business of the Annual General Meeting

The following business shall be considered at the Annual General Meeting:

1. Election of Chairman of the Meeting,

2. Drawing up and approval of voting register,
3. Approval of the Agenda,
4. Election of two members to scrutinise the Minutes,
5. Question whether the Meeting has been properly called,
6. Submission of the Board of Directors‘ Annual Report and Audit Report, and
Consolidated Report and Consolidated Audit Report for the past financial year,
7. Matter of adopting the Profit and Loss Account and Balance Sheet, and the
Consolidated Profit and Loss Account and Consolidated Balance Sheet,
8. Appropriations regarding the profits or losses of the Bank in accordance with the
adopted Balance Sheet,
9. Matter of discharging Board members and President from liability for the period
covered by the report,
10. Deciding the number of Board members to be appointed by the Meeting,
11. Where appropriate, deciding the number of auditors and their alternates to be
appointed by the Meeting,
12. Deciding the remuneration for Board members, auditors and their alternates,
13. Election of Board members,
14. If applicable, election of auditors and their alternates,
15. Any other business required by law or the Articles of Association to be
considered by the Meeting,
16. Matters which are properly to be referred to the Meeting for decision.

11. Right to vote at General Meetings, etc.

General Meetings are to be held at Greater Noida.

General Meetings shall be opened by the Chairman of the Board or the person
appointed by the Board for this purpose.

Voting at a General Meeting shall take place in accordance with voting procedures
prescribed in the relevant provisions of the Companies Act (2005:551).

12. Notice convening General Meetings, etc.

Notices convening General Meetings and other communications with shareholders

shall be made by public notice in Post, and at least one other newspaper.

Notices convening the Annual General Meeting and notice of Extraordinary General
Meetings where the question of amendments to the Articles of Association will be
considered, shall be issued no earlier than six weeks and no later than four weeks
prior to the General Meeting. Notices convening other Extraordinary General
Meetings shall be issued no earlier than six weeks and no later than two weeks prior
to the General Meeting.

In the cases referred to in the Companies Act (2005:551), written notice shall also be
sent to each shareholder whose mailing address is known to the Bank. Shareholders
wishing to participate in a General Meeting shall be entered as shareholders in a
print-out or other listing of the entire share register updated five business days prior
to the Meeting, and notify the Bank‘s Head Office no later than 3:00 pm on the day
indicated in the notice convening the General Meeting.
At General Meetings, shareholders are permitted to be accompanied by one or two
assistants, provided that the shareholder has notified the Bank of the number of
assistants in accordance with the preceding paragraph concerning notification of
shareholders‘ attendance at General Meetings.

13. Right to dividends, etc.

Upon a resolution on payment of dividends by a General Meeting, the dividends shall

be distributed in accordance with the following:

1. Firstly, each preference share shall receive up to an amount of two point forty (
2.40) per preference share as regards dividends resolved in 2009 and up to an
amount of four point eighty ( 4.80) per preference share as regards dividends
resolved in each of the years 2010, 2011, 2012 and 2013.

2. Secondly, to the extent that distributable funds remain after distribution in

accordance with item 1 above under the resolution of the General Meeting, each
ordinary share shall receive up to the same amount as the preference share in
accordance with item 1 above as regards dividends resolved in each of the years
2009, 2010, 2011, 2012 and 2013.

3. Thirdly, to the extent that distributable funds remain after distribution in

accordance with items 1 and 2 above under the resolution of the General Meeting,
these funds shall, with regard to dividends resolved in 2009, be paid only to ordinary
shares and with regard to dividends resolved in each of the years 2010, 2011, 2012
and 2013 be distributed equally to all shares regardless of class. Thus, holders of
preference shares shall not have any right to receive dividends resolved in 2009
under this item 3, but only according to item 1 above.

If, during any year dividends are not paid to a preference share or an ordinary share
as prescribed under items 1 and 2 above, such share shall not have any right to
recover in any subsequent year what has not been paid.

If the Bank shall be dissolved through liquidation, the preference shares and the
ordinary shares shall have right to the assets in the Bank in accordance with the
following:
A. Firstly, each preference share shall receive up to an amount of forty-eight (SEK
48) per preference share together with an annual interest on such amount of ten (10)
per cent to be calculated daily from the day of the preceding Annual General Meeting
up to and including the day of distribution.

B. Secondly, to the extent that distributable funds remain after distribution in

accordance with item A above, each ordinary share shall receive up to the same
amount together with interest as the preference share in accordance with item A
above.

C. Thirdly, to the extent that distributable funds remain after distribution in

accordance with items A and B above, these funds shall be distributed equally to all
shares regardless of class.

If the number of issued preference shares or ordinary shares is changed by a

resolution on a bonus issue or a resolution on split or consolidation of shares, the
amount that the preference shares and the ordinary shares, respectively, are entitled
to according to this 14 shall be adjusted accordingly

Various Contracts with the Bank Of Hindustan:

1. Foreclosure is the legal and professional proceeding in which a

mortgagee, or other lien holder, usually a lender, obtains a court
ordered termination of a mortgagor's equitable right of redemption.
Usually a lender obtains a security interest from a borro wer who
mortgages or pledges an asset like a house to secure the loan. If the
borrower defaults and the lender tries to repossess the property,
courts of equity can grant the borrower the equitable right of
redemption if the borrower repays the debt. While this equitable right
exists, the lender cannot be sure that it can successfully repossess
the property, thus the lender seeks to foreclose the equitable right of
redemption. Other lien holders can also foreclose the owner's right of
 redemption for other debts, such as for overdue taxes, unpaid
contractors' bills or overdue homeowners' association dues or
assessments.

2. A mortgage loan is a loan secured by real property through the use of a

document which evidences the existence of the loan and the encumbrance of
that realty through the granting of a mortgage which secures the loan.
However, the word mortgage alone, in everyday usage, is most often used to
mean mortgage loan. A home buyer or builder can obtain financing (a loan)
either to purchase or secure against the property from a financial institution,
such as a bank, either directly or indirectly through intermediaries. Features of
mortgage loans such as the size of the loan, maturity of the loan, interest rate,
method of paying off the loan, and other characteristics can vary
considerably.In many countries, though not all (Iran and Bali, Indonesia are
two exceptions), it is normal for home purchases to be funded by a mortgage
loan. Few individuals have enough savings or liquid funds to enable them to
purchase property outright. In countries where the demand for home
ownership is highest, strong domestic markets have developed.

3. Savings accounts are accounts maintained by retail financial institutions that

pay interest but cannot be used directly as money ( for example, by writing a
cheque). These accounts let customers set aside a portion of their liquid
assets while earning a monetary return. Savings accounts are offered by
commercial banks, savings and loan associations, credit unions, building
societies and mutual savings banks.Obtaining funds held in a savings account
may not be as convenient as from a demand account. For example, one may
need to visit an ATM or bank branch, instead of writing a check or using a
debit card. However, this transference is easy enough that savings accounts
are often termed "near money".Some savings accounts require funds to be
kept on deposit for a minimum length of time, but most permit unlimited
access to funds. The bank limits the withdrawals, payments, and transfers
that a savings account may perform. Banks comply with these regulations
differently; some will immediately prevent the transfer from happening, while
others will allow the transfer to occur but will notify the account holder upon
 violation of the regulation. True savings accounts do not offer cheque-writing
privileges, although many institutions will call their higher-interest demand
accounts or money market accounts "savings accounts."All savings accounts
offer itemized lists of all financial transactions, traditionally through a
passbook, but also through a bank statement.

4. Contract for premises with Mr. McNamra for office use ( property dealer)
Requirement for the premises: 10000 sqfeet.
Agreement Period 4 years.
Location:
Proposed Rent: Rs 45000 per month.
(NOTE: Both Me and Mr. McNamra are major and of sound mind)
5. Contract for furniture with Faraz Alam.
Requirement for furniture:-best quality (nilkamal) such as sofa,chairs,
tables, making cabins for offices.
Amount:-130000, for full agreement.
Duration: before 1 year.
6. Contract for computers with Mr. Steve Gates
Requirement of computers: 90 computers for offices uses.
Contract amount: Rs.1300000.
Duration of time of contract: whole time .
Note:- firstly I give offer to Mr. Abdul Razaaq for computer and he
accept my offer , and follow contract act 1872.
 FORM NO. 18

Registration No. of the Company Nominal Capital: Rs

THE COMPANIES ACT, 1956

Notice of the situation/change of situation of registered office

[Pursuant to section 146]

Name of the company

Notice is hereby given that ----

1. (a) the registered office of the company is situated .with effect from

[date]
(b) The situation of the registered office of the company of was changed from
to with effect from .
[Date]

2. Situation of registered office falls under the jurisdiction of

(name of the police station).*
Dated this Day of 19

Signature

Name

(In Block Capitals)

Designation

*State address of nearest police station with district and tehsil.

 FORM NO. 29

Registration No. of Company........................ Nominal Capital

Rs....................................

THE COMPANIES ACT, 1956

Consent to act as director of a company and/or undertaking to take and pay for
qualification shares

[Pursuant to section 264(2)/266(I)(a) and 266(1)(b)(iii)]

Name of company.............................................. Limited..........................................

Presented by..................................................................................................................

To the Registrar of Companies.......................................................................

I, the undersigned, hereby testify my consent to act as director of

the.......................... Limited ... pursuant to section 264(2)/266(1)(a) of the
Companies Act, 1956 and certify that I have not been disqualified to act as a director
under sections 267 and/or 274 of the Companies Act, 1956.

I, the undersigned having consented to act as director of

the.............................. Limited, also hereby undertake to take from the said company
and pay for.................... Shares of Rs.................. Each, being the number/value of
the shares prescribed as the qualification shares for the office of director of the said
company.

Name and Address Occupatio Date of Nationality Signature

surname in full n birth
and father‘s
names

1 2 3 4 5 6
 Signature..............................

Designation...........................

Dated the ........................... day of.................... 19

Notes: (1) Delete the portion not applicable.

(2) If a director signs through his agent authorised in writing, the authority
must be produced
before the Registrar.

(3) In case of undertaking to take and pay for qualification shares, the from
should be
accompanied by the necessary stamp duty.
 FORM NO. 32

Registration No. of Company.......................... Nominal Capital

Rs....................................

THE COMPANIES ACT, 1956

Particulars of appointment of directors and manager and changes among them

[Pursuant to section 303(2)]

Name of Company......................................... Presented

by...............................................

Note: --- If a company has no particulars to be included in one or two of the

headings ‗A‘ ‗B‘ and ‗C‘ the parts containing those headings (in respect of which the
company has no particulars to be included) need not be filed.

A. Appointment of and changes among directors.

Name or Father‘s/ Usual Nationality Date of Brief

names and husband‘s residential appointmen particulars
surname in name address t or change of changes
full

1 2 3 4 5 6

Notes: (1) A note of changes should be made in column 6 e.g. by inserting against
the name of new
 director, etc. the words ―in place of ........................ and by indicating
against the name of the
former director, the cause for the change, e.g. by death, resignation,
retirement by rotation,
disqualification etc.
(2) In case of managing director, his designation should be stated with his
name in columan1.

B. [***]

C. Appointment of and changes in managership and secretary ship.

Name or Father‘s/ Usual Nationality Date of Brief

names and husband‘s residential appointmen particulars
surname in name address t or change of changes
full

1 2 3 4 5 6

Dated the .......................................... day of ..............19

Signature............................................

Designation............................................

Notes: (1) For the purposes of this form, particulars of a person appointed as
manager within the
meaning of section 2(24) of the Companies Act, 1956 need be given.

(2) A note of change as also the cause of change e.g., by death,

resignation, removal,
disqualification, etc. should be stated in column 6.
 FORM NO. 1

Registration No. Of Company.......... Nominal Capital: Rs.

................

THE COMPANIES ACT, 1956

Declaration of compliance with the requirements of the Companies Act, 1956

on application for registration of a company

[Pursuant to section 33(2)]

Name of Company Limited/Private Limited

Presented by..

I. of do solemnly and sincerely

Declare that I am [1] who is engaged in the formation of the

company, or a person

Named in the articles as a director/manager/secretary of the

Limited/Private

Limited.
And that all the requirements of the Companies Act, 1956, and the rules there under
in respect of matters precedent to the registration of the said company and incidental
thereto have been complied with.

And make this solemn declaration conscientiously believing the same to be

true.

Date

Place Signature

Witness

Designation

1. An advocate of the Supreme Court of the...................... High Court, an attorney or

a pleader entitled to appear before the........................... High Court or a chartered
accountant practising in India.

2. State whether director, manager / secretary /advocate/ chartered account.

REFRENCES:

MERCANTILE LAW: by N.D Kapoor

MERCANTILE LAW: by K.C. Garg, V.K. Sareen And R.C.Chawla

http://www.legalserviceindia.com/company%20law/company_formation_procedure.ht
m

http://www.readwriteweb.com/readwritestart/2009/06/company-registration-
choices.php

http://www.wikipedia.com.