decide to enter into fresh contracts with the same terms and conditions to honour the contracts made by the promoters. Note that it cannot ratify a preliminary contract. A company thus cannot be forced to honour a preliminary contract. Promoters, however, remain personally liable to third parties for these contracts.
within days of the receipt of the certificate of incorporation. . Documentary evidence of payment of registration fees. The Registrar upon submission of the application along with the required documents has to be satisfied that the documents are in order and that all the statutory requirements regarding the registration have been complied with.
However, it is not his duty to carry out a thorough investigation about the authenticity of the facts mentioned in the documents. When the Registrar is satisfied, about the completion of formalities for registration, a Certificate of Incorporation is issued to the company, which signify the birth of the company. The certificate of incorporation may therefore be called the birth certificate of the company. With effect from November , , the Registrar of Companies allots a CIN (Corporate Identity Number) to the Company.
Effect of the Certificate of Incorporation A company is legally born on the date printed on the Certificate of SPECIMEN OF CERTIFICATE OF INCORPORATION I hereby certify that ....................................................... (name of the company) is this day incorporated under the Companies Act , and that the Company is limited. Given under my hand at Delhi, this seventh day of November, two thousand and five. Fees: Deed Stamp Rs.
.......................... Stamp Duty on Capital Rs. ......................... Sd/- Registrar of Companies Delhi Corporate Identity Number of Company : of SEAL Incorporation.
It becomes a legal entity with perpetual succession on such date. It becomes entitled to enter into valid contracts. The Certificate of Incorporation is a conclusive evidence of the regularity of the incorporation of a company. Imagine, what would happen to an unsuspecting party with which the company enters into a contract, if it is later found that the incorporation of the company was improper and hence invalid.
Therefore, the legal