Professional Documents
Culture Documents
BUSINESS LAW
(STEEL SECTOR)
MGT 518
SUBMITTED TO:-
SUBMITTED BY:-
MISS YOGITA SAHNI MANJEET
PAUL
SHIL
PA SALUJA
SHREYA
CHITTRAYANSHI
ACKNOWLEDGEMENT
SHILPA SALUJA
MANJEET PAUL
SHREYA CHITRAYANSHI
TABLE OF CONTENTS
MEMORANDUM OF ASSOCIATION-
1. Name clause
2. Objective clause
3. Liability clause
4. Registered office clause
5. Capital clause
6. Association clause
MEMORANDUM OF ASSOCIATION-
MOA IS the charter document of the company the promoter for
the registration of a company under company act 1956. The MOA
was prepared according to the Table B of schedule 1 for making
public company.
CONTENT OF MOA-
1-NAME CLAUCE-
The promoter of company going to suggest to the registrar of
companies . SHREYA steel ltd. As a main name and other name
and other suggested names also
( shreya steel ltd. sms steel ltd ,ms2 steel ltd )and to show that
our company ‘Public company’ is limited by share. We are Using
limited word at the name and the name accept by the registrar
will be engrave on its seal and Be published on the outside of
every office or place where business will be carried on .
OBJECT CLAUSE-
The object of SHREYA steel Ltd. Company was to provide better
steel to customer for easily they get at different areas .means in
all over the world. The company achieves the main object of the
company.
LIBILITY CLAUSE-
Share value Liability clause tell that liability of the company is
limited In case of company quidaliry so,the shareholder will pay
only the unpaid call . capital. Company cannot forces its
Shareholder to pay any extra amount over these share value.
CAPITAL CLAUSE-
The company have authorized capital of 20000000and value of
share is 100 each.
ASSOCIATION CLAUSE-
Association clause was followed by the names, addresses and
description of subscribers it. The person who is desires for the
formation of a company and the no. of shares taken by these
subscribers is 5000 in total
ARTICLE OF ASSOTIATION-(AOA)-
The AOA is subsidiary document of SHREYA steel ltd. Company.
Which specify all the right and duties of all the members and
directors? The company is following the table A of schedule 1. In
which they mode all the rules and regulation of their
Own.
CONTENT-
Share capital-
CALL ON SHARES-
SHREYA Steel ltd. Company has divided the face value of that
Rs. 100 into5 parts
1. Application money (Rs. 20 per share)
2. Allotment money (Rs. 30 per share)
3. First call (Rs. 20 per share)
4. Second call (Rs. 20 per share)
5. Third call(Rs. 10 per share)
TRANSFER OF CAPITAL-
The shareholder can
transfer the share of company .
ALTERATION OF CAPITAL-
As provided in MOA
of SHREYA Steel ltd. Company. The capital Of this company can
be increased or decreased by passing a special resolution by
making alteration in AOA
BORROWING POWERS-
Borrowing power subject
to the provision of sec.58 A 292 and 293 of company act 1956 ,
SHREYA steel ltd may from time to time raise or borrow any sum
of money.
2. MANJEET - 40 %
3. ,SHREYA, -30%
4. SHILPA - 30%
The first directors shall hold office until the close of SHREYA steel
ltd . Company.
POWER OF DIRECTOR-
Entitle the board direct shall be
to exercise all such powers and all such acts and things as
company is authorized to exercise and do
COMMON SEAL-
The company has a common seal and the
directors shall provide for safe custody them.
AUDIT-
Every year the account of the company shall be
balanced and audited and the correct information. The P&l
account and the balance sheet ascertained by one or more
auditors.
WINDING UP-
FORM OF REGISTRATION;
o Home number……05944273089………………………
o Email……MANJEET PAUL @
gmail.com……………………………
o Age…20…..height…5”3….weight……44………..
Telephone…9877937865………….
Telephone……9811629368……………………….
Novice………………………
Intermediate…………………
Advance……………………..
None…………….
Under 12…………….
12—40…………………….
40 +………………………..
Riding at a walk…………………..
Trot ……………………..
Canter…………………….
W/O Stirrups…………….
Jump……………………
Lateral…………………….
3. OFFICE USE - Assessment Lesson
Horse Used…………………….
Lesson Type…………………….
Date……………………………….
Time………………………
Signature……………………………………. Print
Name……………………………….
Position………………………………………..
Form_ 1
The total two contracts are made between our company “shreyasteel” AND
Infrastructure company
CONTRACT NO.1:-
Shreya steel will provide good quality steel rod of 100 ton to Infrastructure
Company of Rs.400000 on 1 Jan 2010.
1. The parties in the contract are capable to enter in contract The contract was
made with major person (i.e. not less than 21 yrs of age), and the person of
sound mind
3. Once the steel rods are supplied, company is not liable of any destruction
or loss of product while in transportation.
5. Both the parties are intended to create legal relationship with each other.
6. There is lawful consideration like our shreya steel is offering them 100 ton
steel rods while Infrastructure Company is giving them 4 lacks in return.
ACCEPTANCE: A contract emerges from the acceptance of an offer. Acceptance
is the act of assenting by the offeree to an offer. The contract’s terms and
conditions were clearly specified to both the parties, and remarkable interest was
shown by both the companies, both the parties accepted the offer and AGREED to
bound with the contract .the contract was made accepted with all terms and
conditions, it was done successfully by both the companies and we will proceed
further according to contract made between us.
5. company will provide all the steel rods on 1jan 2009 and the rest of
payment should also be made at that time
All parts like nuts, bolts to automobile company, which are found in automobiles
will be purchased from shreya steel company. And automotive will become loyal
customer of our company.
1. The purchase of nuts and bolts will be done only from shreya steel.
2. The amount for purchase of goods should be paid simultaneously at the same
time only by cheque or draft.
3. The warranty for one year will be given for each item purchased from our
company and in case of any problem if occur within this period of time we will be
liable for either repair it or replace it.
4. Only exchange of goods will be welcomed and not the return of goods.
10. Company will provide all the steel rods on 1 Jan 2009 and the rest
of payment should also be made at that time
CONCLUSION