Ch 1 · Companies Act 2013 — Incorporation

5 concept points · 0 formulas · 4 exam-critical points.

📘 Core concepts

• 1Types: OPC, private (2-200), public (≥7), Section 8 (non-profit).
• 2Promoters initiate formation; MOA + AOA submitted to ROC.
• 3MOA clauses: Name, Registered Office, Object, Liability, Capital, Subscription.
• 4Certificate of Incorporation conclusive evidence of company's existence (Sec 7(2)).
• 5Doctrine of indoor management protects outsiders dealing in good faith (Royal British Bank v. Turquand).