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CMA Intermediate · Business Laws and Ethics · Company Types, Promotion, Formation and Related Procedures

Ten farmers in Nashik wish to form a Producer Company. Within how many days of receiving the documents required for registration must the Registrar, if satisfied that all requirements are complied with, register the memorandum and articles and issue the certificate of incorporation?

The Registrar must register the memorandum, articles and other documents and issue the certificate of incorporation within thirty days of receiving the documents required for registration, provided he is satisfied that all requirements of the Act have been complied with for a Producer Company.

  1. AFifteen days
  2. BThirty daysCorrect
  3. CForty-five days
  4. DSixty days

Explanation

Section 378C(2) requires the Registrar, if satisfied that all requirements are met, to register the documents and issue the certificate within thirty days of receiving the documents required for registration. The other periods are not stated in the provision.

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