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708-Chaudhari Technical Institute, Gandhinagar - Gujarat ...

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Stock Company, General Partnership Company, Limited Partnership<br />

Company or Limited Liability Company.<br />

Employees of a Company<br />

Section 1 Employees of a Company<br />

Manager<br />

A Company may appoint manager(s) and have him/her carry out its<br />

business at its head office or branch office.<br />

Manager's Authority of Representation<br />

A manager shall have authority to do any and all judicial and nonjudicial<br />

acts on behalf of a Company in connection with its business.<br />

A manager may elect or dismiss other employee(s).<br />

Incorporation<br />

o Section 2 Preparation of Articles of Incorporation<br />

In order to incorporate a Stock Company, incorporator shall prepare articles of<br />

incorporation, and all incorporators shall sign or affix the name and seal to it.<br />

Articles of incorporation of a Stock Company shall specify or record the<br />

following matters:<br />

• Purpose<br />

• Trade name<br />

• Location of the head office<br />

• Value of property to be contributed at the incorporation or the lower<br />

limit thereof<br />

• Name and address of the incorporator<br />

Section 7 Formation of Stock Companies<br />

A Stock Company shall be formed by the registration of the incorporation at<br />

the location of its head office.<br />

Share<br />

Section 1 General Provisions<br />

• Shareholders' Liabilities<br />

44

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