Professional Documents
Culture Documents
BUSSINESS LAW
COMPANY NAME:
LUXLY ELECTRONIC
GOODS
SUBMITTED TO:-
Mr.R.S. Deol
SUBMITTED BY
REHAN QADIR (06)
Pooja Devi (ROLL no.-A08)
Salma Bano (ROLL NO.-A09)
ACKNOWLEDGMENTS
INTRODUCTION
A company, formed and registered under the Company Act 1956, is
regarded by law as a single person, having specified rights and obligations.
The latest amendment to the Act was made in 2006 by the Companies Act,
2006.
FORMATION OF A COMPANY
Before a company can be formed the following steps must be
taken:
If we are formed a company we prepare Memorandum of
association and the Article of association must be prepared.
These two documents must be filed when the application is made
for the registration and incorporation of the company. The
Companies Act lays down rules regarding the preparation of the
memorandum. Schedule I to the Act of 1956 contains four model
forms for use in different cases.
Address
Occupation
1 Mr. Aamir
Khan
Professor
(President) (Sd.)
2 Mr. Vipul
Sagar
F.46/3, HIG
1,Delhi 41
Company
Executive(Vice
President) (Sd.)
3 Mr. R. Deepak
IC&SR Senior
Techno Economic
Officer
(Joint Secretary)
(Sd.)
4 Miss. Pooja
Brar
Dept. of Mech.
Engaging. IIT,
Delhi 36
Professor(Treasurer)
(Sd.)
5 Mr.Lokesh
Sharma
6 Dr. L.S. Anshu
1, Model Town,
Jhalandher 17
Dept. of
Humanities &
Social Sciences,
Business Secretary
(Sd.)
Professor (Member)
(Sd.)
phagwara - 36
7 Mr. Saleem
Khan
C3-19, jhalander
Company Executive
(Member) (Sd.)
Director of company
Business (Member)
(Sd.)
10 Mr. K. Ajay
Business (Member)
(Sd.)
11 Dr. Ajeem
deol
Dept. of Civil
Engg.Punjab 36
Lecturer (Member)
(Sd.)
12 Mr. V.Ravi
kumar
Sector
2,Chandigarh
Business (Member)
(Sd.)
13 Mr. Punit
thakur
5, Harban State,
Jhalandher
Company Office
(Member) (Sd.)
14 Dr.
K.D.Sharma
Dept. of
Chemistry IIT,
Punjab 36
Scientific
Officer(Member)
(Sd.)
ARTICLES OF ASSOCIATION
made on him to the person or persons and at the time and place
appointed by the Board.
Notice of calls:
After thirty days notice in writing of any call shall be given by the
Company specifying the time and place of payment, and the person or
persons to whom such calls shall be made.
Terms of notice:
The notice shall name a day (not being earlier than the expiry of
fourteen days from the date of service of notice) and a place or places
on and at which such call or installment and such interest thereon at
such rate.
As the Directors shall determine from the day on which such call or
installment ought to have been paid and expenses as aforesaid are to
be paid.
The notice shall also state that, in the event of the non-payment at or
before the time and the place appointed, the share in respect of which
the call was made or installment is payable will be liable to be
forfeited:
RETIREMENT OF MEMBERS:
Membership shall be transferable only under the conditions in Article 7,
and shall cease in the case of any member:
if by notice given to the Secretary a member resigns his membership;
If any subscription or membership fee due from such member to the.
Any Core Member shall be entitled to transfer its membership rights and
privileges to its successor body by giving notice to the Secretary
identifying the transfer.
GENERAL MEETINGS:
In each year the Company shall hold a general meeting as its Annual
General Meeting in addition to any other meetings in that year, and shall
specify the meeting as such in the notice calling it. Not more than fifteen
months shall elapse between the date of one Annual General Meeting of
the Company and that of the next. The Annual General Meeting shall be
held at such time and place as the Board shall appoint.
All general meetings other than Annual General Meetings shall be called
Extraordinary General Meetings. The Board may convene an
Extraordinary General Meeting whenever it thinks fit. If at any time there
are not within the United Kingdom sufficient members of the Board to
form a quorum at a Board meeting, any director or any two Core
Members may convene an Extraordinary General Meeting in the same
manner as nearly as possible as that in which meetings may be convened
by the Board.
An Extraordinary General Meeting may also be convened by the Board if
it is requisitioned by members as provided by the Act. For the purpose of
determining the necessary number of requisitionists, the Institutional
Members shall be treated as if they had the right to vote at general
meetings of the Company PROVIDED THAT the object of the meeting as
stated in the requisition may only extend to matters on which Institutional
Members shall be entitled to vote in accordance with Article 25. Any
requisition made by members shall state the object of the meeting
proposed to be called, and shall be left at the registered office of the
Company.
Upon receipt of such requisition the Board shall proceed immediately to
convene a general meeting; if it does not proceed to convene the meeting
within twenty-one days from the date of the requisition, the requisitionists
may convene a meeting themselves.
An Annual General Meeting and a meeting called for the passing of a
special resolution shall be called by at least twenty-one days notice in
writing, and a meeting of the Company other than an Annual General
Meeting or a meeting for the passing of a special resolution shall be
called by at least fourteen days notice in writing. The notice shall be
exclusive of the day on which it is served or deemed to be served and of
the day for which it is given, and shall specify the place, the day and the
hour of the meeting, the general nature of the business to be transacted,
and the text of any special or extraordinary resolutions.
A general meeting may be called by shorter notice than that specified in this Article if it is
so agreed:
(a) in the case of a meeting called as the Annual General Meeting, by all the
members entitled to attend and vote at the meeting; and
(b) in the case of any other meeting, by a majority in number of the members
having a right to attend and vote at the meeting, being a majority together
representing not less than ninety-five per cent of the total voting rights that may
be cast on a poll at that meeting.
With the consent of any meeting at which a quorum is present, the chairman
may adjourn the meeting from time to time and from place to place, and the
chairman shall do so if so directed by the meeting. However, no business shall
be transacted at any adjourned meeting other than the business left unfinished at
the meeting from which the adjournment took place. When a meeting is
adjourned for thirty days or more, notice of the adjourned meeting shall be
given as in the case of an original meeting. Otherwise it shall not be necessary
to give any notice of an adjournment or of the business to be transacted at an
adjourned meeting.
At any general meeting or class meeting of members, a resolution put to the vote
of the meeting shall be decided on a show of hands unless (before or on the
declaration of the result of the show of hands) a poll is demanded:
(a)
By the chairman; or
(b) By at least two members of the Company having the right to vote at that
meeting and present in person or by proxy; or
(c) by any member or members of the Company present in person or by proxy
and representing not less than one-tenth of the total voting rights of all the
members of the Company having the right to vote at the meeting.
Unless a poll is so demanded, a declaration by the chairman that a resolution has been
carried or lost, whether unanimously or by a particular majority, on a show of hands, and
an entry to that effect in the book containing the minutes of proceedings of the Company,
shall be conclusive evidence of the fact, without proof of the number or proportion of the
votes recorded in favor of or against such resolution. The demand for a poll may be
withdrawn.
VOTES OF MEMBERS:
Except as otherwise provided in these Articles, every Core Member shall have
one vote at general meetings and at class meetings of Core Members. Every
Institutional Member shall have one vote at class meetings of Institutional
Members but shall not have a vote at general meetings except on a resolution
concerning the appointment/re-election or removal of any Institutional
Member Directors and the Core Members shall have no right to vote on such a
resolution.
ACCOUNTS:
The board shall cause accountancy records to be
kept in accordance with the Act.
The accountancy records shall be kept at the
registered office of the Company or (subject to the
provisions of the Act) at such other place as the
Board shall direct, and shall always be open to
inspection by directors.
The Board may from time to time impose reasonable
restrictions as to the times and manner at or in
which the accountancy records and books of the
Company or any of them shall be open to inspection
AUDIT:
Auditors shall be appointed and their duties regulated in the
manner provided in the Act.
We have to ensure that the name does not resemble the name of any
other already registered bank or company and also does not violate
the provisions of emblems and names (Prevention of Improper Use Act,
1950) by availing the services of checking name availability on the
portal.
RERGISTRAR OF COMPANY
This is to certify that The LAXLY ELECTRONIC GOODS COMPANY
LIMITED filed for incorporation was granted on the 28th November 2009.
This proved that the company has performed all the requirements and
fulfilled the legal procedures of the incorporation of the company and all the
documents were found legal and satisfactory. From this day forward the
company is capable of undertaking its normal business operation.
AGREEMENT: 1
This is to certify that The LAXLY ELECTRONICE GOODS COMPANY
Limited has given electronic goods (TV, lcd. Display or ac)
G.P.V.LIMITED a sum of Rs 350,0000at a 7% discount on the 25th
November, 2009.
Aamir khan
Pooja
Managing Director
Managing Director
Laxly electronic goods company
ltd
ltd.
G.p.v.
AGREEMENT: 2
GENERAL USE: The Agreement of Purchase and Sale is the document
that is used to state the Buyers desire to purchase the property, and to
Negotiate the terms of the sale. It is commonly referred to as an Offer. This
document also allows the Buyer a chance to outline in detail all
Of the conditions they wish to be placed in their Offer to buy the Sellers
property. Some common examples of a Buyers conditions include
Arranging financing (a mortgage) for the property to be purchased,
completing a home inspection, or ensuring that the sale of their current
Home is completed before purchasing a new one. After the Offer is prepared
and signed by the Buyer, it is presented to the Seller for
Acceptance. The Seller, in turn, may want to make changes to the Offer for
the Buyer to consider. This process can continue back and forth
Several times in an effort to reach an agreement.
This Agreement of Purchase and Sale dated this....26................................
Day of ........................12........................ 2009.....
BUYER,
ABC.LIMITED..................................................................................................
................, agrees to purchase from
(Full legal names of all Buyers)
SELLER, LAXLY ELECTRONIC GOODS COMPANY
LIMITED.............................................................................................................
................, the following
(Full legal names of all Sellers
REAL GOODS:
Address....................PUNJAB..............................................................................
.... fronting on the................................ Side
Of............... .................................in
the...................................................................................................................
And having a frontage of......................................... More or less by a depth
of......................................... More or less
And legally described
as.......................................................................................................................
...................
..........................................................................................................................
............................ (GOODS).
(Legal description of GOODS OF ELECTRONIC including easements not
described elsewhere)
PURCHASE PRICE: .............35000000/RS................................
..........................................................................................................................
.........................................
DEPOSIT: The Buyer includes a deposit in the Offer to give it authenticity and
to show their sincerity to the Seller. The deposit is considered
Part of the purchase price and is ultimately adjusted as a credit to the Buyer
on closing.
DEPOSIT: Buyer
submits..............................................................................................................
...........................
(Herewith/Upon Acceptance/as otherwise described in this Agreement)
................................................................................................................
Dollars (CDN$).......................................
By negotiable cheque payable
to........................................................................................................ Deposit
Holder
FORM NO. 1
Nominal Capital:
I, of
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 2/12/2009
AAMIR KHAN
Place PUNJAB
Signature
Witness
POOJA DEVI
DIRECTOR
Designation
FORM NO. 18
Registration No. of the Company
Nominal Capital: Rs
Day of
19
AAMIR KHAN
Signature
FORM NO 29
Registration No. of Company........................
Rs....................................
Nominal Capital
Address
Occupati
on
Date of
birth
Nationalit
y
Signature
AAMIR KHAN
GHAZIABA
D
GOVT.JO
B IN
RAILWAY
21/07/19
88
INDIAN
AAMIR
Signature.....AAMIR KHAN......................
Designation .......DIRECTOR....................
Dated the.....2/12/2009...................... Day of.................... 19
Notes: (1) Delete the portion not applicable.
(2) If a director signs through his agent authorized 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
Nominal Capital
Presented
Fathers/
husbands
name
Usual
Nationalit
residential y
address
Date of
appointm
ent or
change
Brief
particular
s of
changes
B.
[***]
C.
Name or
names
and
surname
in full
Fathers/
husbands
name
Usual
Nationalit
residential y
address
Date of
appointm
ent or
change
Brief
particular
s of
changes
THANK YOU