Company registration requirements expanded: new entity definitions, document and verification obligations enable conversions under updated procedural rules. Amendments define 'society' and 'trust', designate registrars, and render Chapter II incorporation provisions applicable mutatis mutandis to registrations under Part I of Chapter XXI, impose minimum membership rules and require companies with fewer than seven members to register as private companies. They prescribe detailed, category specific documentation and verification to accompany Form URC 1 (member/partner/trustee lists, proposed directors' particulars, constitutive instruments, secured creditors' consents, majority member consent, stamp law undertakings, income tax returns), empower the Registrar to issue licenses permitting omission of 'Limited' in names subject to eligibility, mandate dissolution undertakings, verification by proposed directors, and introduce procedural notifications, moratoria and updated URC forms.
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Company registration requirements expanded: new entity definitions, document and verification obligations enable conversions under updated procedural rules.
Amendments define "society" and "trust", designate registrars, and render Chapter II incorporation provisions applicable mutatis mutandis to registrations under Part I of Chapter XXI, impose minimum membership rules and require companies with fewer than seven members to register as private companies. They prescribe detailed, category specific documentation and verification to accompany Form URC 1 (member/partner/trustee lists, proposed directors' particulars, constitutive instruments, secured creditors' consents, majority member consent, stamp law undertakings, income tax returns), empower the Registrar to issue licenses permitting omission of "Limited" in names subject to eligibility, mandate dissolution undertakings, verification by proposed directors, and introduce procedural notifications, moratoria and updated URC forms.
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