registration of Baja Auto ltd under Indian Companys Act 1956
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EXECUTIVE SUMMARY
This report explains the rules and regulations to be followed for formation of a company under the company's Act, 1956.The procedure adopted to form a company is explained in brief by taking the example Bajaj Auto Ltd. be adopted.
The report explains all necessary procedures and clauses required to be followed in formation of a company. The example of the company makes the rulings clear as to the requirements, which have to be fulfilled before commencement of the business.
COMPANY HISTORY
The Bajaj Group came into existence during the turmoil and the heady euphoria of India's freedom struggle. Jamnalal Bajaj, founder of the Bajaj Group, was a confidante and disciple of Mahatma Gandhi, and was deeply involved in the effort for freedom. The integrity, dedication, resourcefulness and determination to succeed which are characteristic of the Company today, are often traced back to its birth during those long days of relentless devotion to a common cause.
Bajaj Auto Limited (BAL), the flagship of the Bajaj group, manufactures and markets Bajaj scooters, motorcycles, three-wheelers and spare parts
Background
BAL commenced operations as importing agents for Vespa scooters of Piaggio in 1948. It entered into a technical collaboration agreement with Piaggio in 1961 to manufacture scooters and three wheelers...