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Advantages And Disadvantages Of Financing For Jacqui Video

Interesting: Advantages And Disadvantages Of Financing For Jacqui

A company is a legal entity which is created through association of peoples for attaining common goals. DDisadvantages is a corporate body or incorporated business organization which is registered under the companies act to carry out a business activities and capital is raised by contribution of its members or issuing debentures to public. Members of a company shares a common purpose and unite together voluntarily for achieving specific objectives. Company is treated as a legal artificial person as per the law and all transactions are entered in its own name distinct from its owners. It is assumed to have perpetual existence which is not influenced by its owners, board of directors, employees and shareholders. It is the first step in the formation of company which is concerned with finding out business opportunities.

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A company come into existence with the efforts of peoples or group of individuals or an enterprise. It need to be promoted by some people. Promotion stage starts with conceiving a business idea by conducting a detailed investigation and ends with converting this idea into real actions i. It comprises of sum total of all activities done by various individuals for building up a company.

The person who does the task of promoting a business organization is termed as Promoter. These people perform a wide range of activities ranging from evaluating a business idea, arranging finance, assembling resources and finally making efforts for establishing an organization. Registration or incorporation is the second stage in process of company formation.

It is this stage where a company comes into existence. Procedure for company registration: There are various documents which need to be filed Advantages And Disadvantages Of Financing For Jacqui Registrar of companies for getting a company registered. These documents are listed below: —. Once all of these required documents are filed and prescribed fees is paid to registrar, all the documents are then scrutinized by him. If everything is all right, name of a company is entered into register and a certificate of incorporation is issued by Registrar of companies.

The registrar will issue a certificate of incorporation once all the documents are registered such as memorandum of association, article of association etc. Private companies do not require a certificate of commencement for starting their business and can commence soon after getting their certificate of incorporation.

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However, a public company requires a certificate of commencement for starting their business activities. After getting certificate of incorporation, a prospectus is issued for giving invitation to public for subscribing to its share capital.

Minimum amount of subscription is fixed in prospectus which a company is required to sell. Once all required numbers of shares are sold, then a certificate along with bank letter denoting that all amount has been received is send to registrar. The registrar will now scrutinize all the documents and if Acvantages is satisfied will issue a certificate of commencement of business.]