Q: Solve the problem given below ?

Question 2: Briefly describe the process Rajiv and his brothers will have to undertake to create their company.

Answer: Firstly, they will have to file with the Registrar of Companies an application form with requisite fees. This form will be accompanied with its Memorandum and Articles of Association. This Memorandum will contain details like their company’s name (suffixed with “Pvt. Ltd.”), their objectives, the address of their office, etc.

After this, the Act also requires them to provide their own personal details to the Registrar. The company will come into force after the Registrar grants a certificate of incorporation to them.

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