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A Co registered under Co Act, 1882/ 1913/1956 ➔
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cannot register u/s. 366
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Co having the liability of its members limited by any Act of Parliament other than Co Act 2013 or by any other law for the time being in force ➔
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cannot register u/s. 366 as an unlimited Co/Co limited by guarantee
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If a Co to be registered as Co limited by shares ➔
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it has a permanent paid-up/nominal share capital of fixed amount divided into shares
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If to be registered as a Co ➔
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assent of a majority of such of its members as are present in person, or where proxies are allowed, by proxy, at a GM summoned for the purpose
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If a Co not having the liability of its members limited by any Act of Parliament or any other law for the time being in force is about to register as a limited Co ➔
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assent of majority consisting of not < ¾ of the members present in person, or where proxies are allowed, by proxy, at the meeting
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If a Co is about to register as a Co limited by guarantee ➔
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assent to be accompanied by a resolution declaring that each member undertakes to contribute to the assets of the Co, in the event of its being wound up while he is a member, or within 1 year after he ceases to be a member, for payment of the debts and liabilities of the Co or of such debts and liabilities as may have been contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required, not exceeding a specified amount
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Entity with < 7 members ➔
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Has to register as a pvt Co
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