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Welcome To Contract Easily! ( Consult, Contract, Share,download Legal Matters Easily )
Contract Easily
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Guidelines for Drafting FORM NO. 12 OF THE COMPANIES ACT, 1956
Form No. 12 is utilized under the Companies Act, 1956, for filing an application for the declaration of compliance with the requirements of Section 149 regarding the appointment of the first directors of a company. Follow these guidelines for effective drafting:
Accurate Information: Provide precise details about the company, including its name, registration number, and registered office address. Accuracy is crucial for legal compliance.
Details of First Directors: Clearly list the names, addresses, occupations, and other relevant details of the first directors being appointed in compliance with Section 149.
Legal Compliance: Ensure the form aligns with the legal requirements stipulated in Section 149 of the Companies Act, 1956. Seek legal advice to confirm compliance and avoid potential discrepancies.
Board Resolution: Include a board resolution supporting the appointment of the first directors. Document the resolution in compliance with legal formalities.
Common Mistakes to Avoid:
Incomplete Information: Fill out all sections of Form No. 12 thoroughly. Any omissions or incomplete details may lead to rejection or delays in processing.
Mismatched Information: Ensure consistency across the form. Information in different sections should align to avoid discrepancies.
Failure to Attach Necessary Documents: Include all required supporting documents, such as the board resolution and any other documents specified in the form. Failure to do so may result in non-compliance.
Ignoring Legal Formalities: Be aware of the specific legal formalities and timelines associated with filing the declaration. Failure to comply may result in legal complications.
Form No. 12 is crucial for companies appointing their first directors. Adherence to these guidelines ensures a comprehensive and accurate filing, minimizing the risk of legal complications and promoting regulatory compliance.