Companies registered u/s 25 of Companies Act,1956

Formation of Section 25 Company:

  1. Apply for Name approval in Form 1A in particular manner.
  2. Draft memorandum and article of association have to be filed with Regional Director for approval.
  3. The institution/associations should apply in Form No-1  to Regional Director or Registrar of Companies of the region by a letter along with following documents:
    1. Three typewritten copies of draft Memorandum and Articles of Association of the proposed company. No stamp duty is payable.
    2. List of names, addresses, description and occupation of the promoters in triplicate.
    3. List of companies, associations and other institutions in which promoters are directors or hold responsible positions, with description of positions held.
    4. List of members of the proposed board of Directors.
    5. Declaration in the prescribed form by an Advocate, Attorney, Pleader, Chartered Accountant or a whole time practising Company Secretary, on a non-judicial stamp paper of appropriate value.
    6. Copies of accounts, balance sheet and reports on working of association for last two financial years (for one year only if the association has functioned for less than two years), in triplicate.
    7. Statement of assets and liabilities.
    8. Sources of income and estimate of annual income and expenditure.
    9. A note on work already done and proposed to be done by the association.
    10. Grounds in brief for making application u/s. 25.
    11. Declaration signed by each of the applicant.
    12. Certified copy of notice published in newspaper .
    13. A Bank Draft or paid treasury challan for requisite fees for registration according to authorized capital in case having share capital.