PVT Company Registration:-              

                  Where the proposal is to undertake the business of banking, it can be carried on without registration as a company if the number of persons joining together for the business is not more than ten. If there are more than ten persons who together intend to do banking business, they cannot do so unless they form company and register it under the Act Pvt Registration Kerala.

             Attention is invited to this Department’s Circular No.6//99(5/35/98-CL.V) dated 13-5-1999 in regard to allow ability of names for entrepreneurs seeking to promote companies for providing insurance services Company Registration Coimbatore. In terms of above circular such names were being gig en only after consulting the Insurance Regulatory Authority until now Pvt Registration Kerala. 

             Consequent on coming into force of Insurance Regulatory and Development Authority Act, 1999 i.e. 19-4-2000,  Department has received a reference from  Insurance Regulatory Authority advising that embargo on registration of names by new companies could be lifted Company Registration Coimbatore.  In view of this all ROCs are advised that they may allow names with the wore Insurance/assurance or Risk Corporation as part of the name without any need to consult Insurance Regulatory Authority Pvt Registration Kerala.

                   It is hereby clarified that such names can be allowed only to new companies and not for change of name as existing companies are not allowed to carry on any insurance activity. ”However, the Department has issued Circular 19/2003, dated 25-4-2003, dated 25-4-2003 by which it has allowed ROCs to permit change of name of existing companies also to do business of insurance brokers Pvt Registration Kerala.   

                The mandatory need for registration as a company arises only when an association of more than twenty persons intends to vary on some business other than banking with the object of acquisition of gain.  Acquisition of gain or the intention to earn profit is the important criterion Pvt Registration Kerala. 

                When an association was formed with the object of acquiring land and division thereof amongst the members, such an association was formed with the object of acquiring land and division thereof amongst the members, such an association was held outside the ambit of the statutory provision Pvt Registration Kerala.