Company Law Assignment

Name:                Pushkar Metha                                                         Roll No:        EMBA SEM-III 01530

Subject:        Corporate Law

Assignment:         GDA Trustee & Consultancy Services

1. a. What is the name of the Company & its CIN.

Ans:        Company Name:        GDA TRUSTEE AND CONSULTANCY LIMITED

        CIN:                        U74999MH199PLC110262

b. What type of co it is? 

Ans:        Public Limited company Limited by shares

c. What is the date of formation? 

Ans:        Date of Formation is 22nd Aug 1997.

d. Incorporation is done with which office of MCA? 

Ans:        ROC-PUNE

2. a. What is the main object clause? Please write in your own words. Do not copy the clause from MoA.

Ans:        The Company’s main objective is to operate in the areas of ‘Debenture Trusteeship’ and ‘Management of Private Provident Funds’. It has also enlarged its sphere of activities to include sale of Digital Signatures, Software Audit, Software Escrow Services, take the work as a Trustee, executers, administrators, nominees, agents or attorney on or behalf of company, corporation, Trust, association, Mutual fund etc. They put themselves in the client’s shoes and collaborate there client to unlock full potential of their business without focusing on the raising and managing the financial services. The company can undertake the Trustee of Debenture, agency business for gratuity trust, provident trust and superannuation fund trust.

Company can act as sub-broker / authorized person / agent for trading in Equity, stocks, securities, Bonds and all other financial instrument. Company can provide all financial services under the relevant / applicable laws.

b. How do you say that the object and the name of company is in consonance with each other? Justify your writing. 

Ans:        The Company works in providing the consultancy services and act as a Trust for the Debenture, gratuity, provident fund and superannuation fund Trusts. Hence the words Trustee and consultancy are appropriately used so that public can understand the company acts as a Trustee and also provide the consultancy services.

3. How many signatories are to this company? What is the minimum no of signatories that  are required by the Act? What is the present authorized share capital of the co?  

Ans:        5 Signatories are currently present

        Minimum 3 Signatories are required as per law

        Present Authorized Share Capital is: 20000000

4. How many minimum/ maximum directors are prescribed by these documents? If not, how do you read the provisions of the Act in this regard? 

Ans:        As per the AOA Section 126 the minimum director specified are not less than 3.