Legal FAQs -Effects of Registration / Incorporation of a Company

When a company is registered and a Certificate of Incorporation is issued by the Registrar, it shall have the following effects :

  • The company shall become s Separate Legal Entity from the date mentioned on the Certificate of Incorporation, which is considered as date of birth of the company.
  • The Company acquires Perpetual Succession. The members may come, members may go, but it goes for ever.
  • The company becomes the owner of its property and the Promoters of Shareholders have the right to share in the profits of the company.
  • The company can sue and can be sued in its own name.

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Vakilno1 is a group of Law Enthusiasts and Legal Experts in India with a passion to provide the latest info and articles on Indian Legal System

 

 

 

 

 

 

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  1. Kwizabigira Fred says:

    good explannations but precise

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