Project Report

Name of the company: (To be decided by all of us)

Nature of Business: Investment Company

Share holding pattern: Equal shares for promoters

Activities under the holding company:

1. Property development and construction

2. IT Services

3. Transportation and logistics

4. Trading

5. Hospitality

6. Medical Sector

7. Education sector

How and where to start

Interested parties shall hold a meeting officially either online or in physical presence, minute it and assign a representative to carry out the formalities for establishing a private limited company. Memorandum of association and articles of association has to be formulated by the representative and send it to company registrars to officially register the company.

Initial Capital and paid up capital

An initial capital of Rs. 100,000/ - shall be paid to the representative for the establishment expenses of the company (Rs 20,000/- per share holder assuming there shall be 5 investors, if more investors are there amount shall be shared equally.) Investors whose physical presence is available at the time of formation shall only be the directors of the company initially. Once the company is registered more directors could be added. For more details see this page http://business.gov.in/howdo/otherservice_details.php

Paid up capital shall be decided after the formation of the company and full fledged director board meeting with all investors are held. The new directors shall be represented by proxy also if they are away. Amendment of the memorandum of association could be made after this director board meeting in order to expand the company with new directors and decision on paid up capital.

Once the company is formed all investments shall be made through the company and shall remain as the asset of the company. As promoters, share holders can develop the business and can receive funds from other interested investors for any particular project and may not be necessarily share holders in the company.

Land or vehicles can be purchased in the name of the company not in any individual’s name.

We can include any activities under the parent company name and can carry out business.

Hence I believe rather than going on for big discussions which may not take us anywhere, let us take one step forward at least to decide “Yes we need to form a company” and work for it.

These immediate actions have to be taken.

1. Authorize representative in India to form the company. (I prefer Mr. Rajeev)

2. Arrangement of funds for the formation. ( To be send to Rajeev’s account)

3. Arrange a lawyer or company registrar to prepare memorandum of association and Articles of Association. (May be we can discuss with Preethi.)

Hi Friends,

We are opening this forum to express our views in the formation of a business house as we are all located at far off places and direct communication between us may not be possible on daily basis. Since we have very limited time to spare, let us make use of modern technology to achieve our goals. There are many problems involved in the establishment of a business house but a basic starting trouble is always there Once we decided to start our own business, the first major problem is to select the line of business. This problem can be solved by analyzing each person’s aptitudes, propensity to take risk, organizational ability, skills and experience, financial position, etc.

We request everybody to be frank with their opinions, including their financial position and then only we can work it out on a project acceptable to all..

But to start with, let us express our views here at least through a poll so that we can decide on which sector we can take this discussions forward.

Here we go...........