Company memorandum requirements dictate prescribed contents and Registrar control over name reservation and corrective measures. The memorandum must specify the company name with the required suffix, registered office State, objects, members' liability, share capital particulars (including amount, division and subscribers' shares), and nominee for One Person Companies; it must follow prescribed Schedule I forms and any clause granting non-members rights to divisible profits in guarantee companies without share capital is void. Company names must not be identical or deceptively similar to existing names, unlawful or undesirable, nor suggest government patronage without approval. The Registrar may reserve names on application, cancel reservations obtained by incorrect information, impose penalties, direct name changes, strike off names or petition for winding up as prescribed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Company memorandum requirements dictate prescribed contents and Registrar control over name reservation and corrective measures.
The memorandum must specify the company name with the required suffix, registered office State, objects, members' liability, share capital particulars (including amount, division and subscribers' shares), and nominee for One Person Companies; it must follow prescribed Schedule I forms and any clause granting non-members rights to divisible profits in guarantee companies without share capital is void. Company names must not be identical or deceptively similar to existing names, unlawful or undesirable, nor suggest government patronage without approval. The Registrar may reserve names on application, cancel reservations obtained by incorrect information, impose penalties, direct name changes, strike off names or petition for winding up as prescribed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
