Effects of Registration are as follows:

पंजीकरण के प्रभाव इस प्रकार हैं:

1. Upon registration, a company shall, without prejudice to a power under the law, have powers, inter alia, to do the following acts in its own name:

A. to enter into contracts with any other person in the same manner as an individual;

B. to execute, endorse or deal with deeds, negotiable instruments including any bill of exchange or promissory note;

C. to sue and be sued;

D. to purchase, sell or deal with movable and immovable properties; and

E. to empower any person either generally or in respect of any specified matter as its agent or attorney.

2. A company shall within six months from the date of its incorporation send to the shareholders a statement showing the progress made in carrying out its objectives and the manner in which the capital issued by the company till the date of the statement has been utilized.

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ज्ञान और विज्ञान

IGNOU solved ASSIGNMENT 2017-18