Section:- 3 | Company Law


  • Post By CS Saheb Dumbwani
  • 01 November, 2019
  • |
  • 17 comments
  • |
  • 10850
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Section 3:- Formation of company

Requirement:-

• Public Company:- 7or more persons

• Private company:- 2 or more persons

• OPC, (Being Pvt Co.):- 1 person

✓ Private Company

• A Company which restricts right to transfer shares

• Limits the no. Of members to 200 (Except in case of OPC)

•Prohibits Invitation to public, to subscribe shares

✓ Public Company

• A Company which is not a Pvt. company

• Has Min Paid up share capital as may be prescribed.

• A Pvt. Company which is subsidiary of a Public Company 

✓OPC

• An OPC is incorporated with Two persons one is subscriber and another being Nominee.

• A nominee appointed in OPC as per the Memorandum becomes member of the OPC In case of Death or Incapacity of subscriber.

• only a natural person is eligible to incorporate OPC and be Nominee.

• A Natural Person Shall not be a member of more than a OPC  at any point of time, and the said member shall not be a nominee of more than a OPC.

• No minor shall become a Nominee of OPC. • OPC can not be converted into Section 8 Company.

• OPC Can not carry out Non- Banking Financial Investment Activities


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By:- CS Saheb Dumbwani

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Comments

01 November, 2019

Thanku so much sir. Sir pls keep sharing capsules of all other chapters too..this is really quite helpful.

01 November, 2019

Perfect for memorizing point of view

01 November, 2019

Great explained. All the complications regarding OPC is described beautifully. Thanks

01 November, 2019

Helpful

01 November, 2019

thnku sir really very useful for preparation and revision specialy

01 November, 2019

Student

01 November, 2019

01 November, 2019

01 November, 2019

Whole section is concise in a very good manner . Helpful in quick revision .

01 November, 2019

Very helpful please continue

01 November, 2019

Maximum number and minum number of director is not mentioned in case of OPC.

01 November, 2019

01 November, 2019

Very nice sir this will help us to memorize the section with Content

02 November, 2019

Easy to understand

02 November, 2019

Can be easily recalled before exam ...Thank you sir

02 November, 2019

Very helpfull for last minute revision. Thank you so much.

02 November, 2019

Easy understanding


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