The memorandum of the association is very important for company formation because it defines the roots, structure, identity, objects of the company. The company registration is not easy task to do there are also many promoters who provides their services for the purpose of company incorporation with simple fees or become a partner or shareholder in the company. The memorandum must be strong the notice of alteration of the memorandum may be issued against the company, the name of the company must be unique and new there are no other firm present to use the same name and operating their businesses.
The document for company formation is the AOA; article of association is a document regulating the rights of the member of company among themselves and the manner in which the business of the firm shall be conducted 內地註冊公司. The whole management is dealt with in article. The articles contain provisions of the internal management of the company.The law requires that a company can exercise certain powers only when it is authorized to do so by article. The company formation is possible when the article of association is fully complete with the information of members of the firm and the nature of the business.
The company registration needs the prospectus which is issued by the firm, the prospectus is very essential for the company formation; the copy of each prospectus must be signed by every director of the firm for registration purposes with the registrar or according to the company’s law. A company which does not issue the prospectus on its formation shall not allow any shares or debentures unless before the first allotment of first either shares or debentures there has been filled with the registrar a statement in lieu of prospectus signed by every person who is named there in as a director of the firm.
In 2006, the Parliament of the United Kingdom of Great Britain and Northern Ireland enacted the Companies Act. This act produced many changes to rules regarding company formation in the United Kingdom. One of these changes was that private companies did not need to appoint secretaries as a matter of form. If a company still wanted to appoint a secretary, however, they could.
All that is needed then, once company formation is complete, is a sole director. People who are not aware of this change in the law brought about by the Companies Act are routinely quite surprised. After all, having a secretary was one of the most obvious aspects to the entire process for so many years. However, the law is now clear: there is no need of appointing a secretary, should they not wish to.
The role is typically an administrative one. Their responsibilities and job obligations are by no means set in stone or explicitly described by law; however, there are some general aspects to the role of Company Secretary that are usually present in all types of companies.
•The person within a company who goes about setting up the registered office. This is a very important part of the formation process, as the official registered business address must appear on all correspondence. The address must also appear on various documents and stationary.
•Once the company formation process is complete, the company has the need for regular meetings with its officers and other interested parties. The Company Secretary is the person who sets up these meetings, making sure that everyone is aware of when and where they are going to take place. Making sure that everyone attends is important, since these meetings are usually called to discuss the general direction the company is going to take. The Company Secretary also keeps detailed records of the proceedings for future reference.