COMPANY REGISTRATION COIMBATORE
The procedure for the
incorporation of a private limited company is same as that of a public limited
company (as discussed above) with the following exception:
1. The company must have a minimum paid-up
capital of one lakh rupees or such higher paid-up capital as may be prescribed.
2. There must be at least two subscribers in
place of seven.
3.
4. Form No. 29 need not be filed in this case.
5. Registration of the articles of association
with the company is compulsory. The provisions of Sectlon 3(1) (iii) of the
Companies Act, 1956 should, however be included while drawing up the memorandum
and articles of association of a private limited company.
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