ABC TEXTILES LTD

Heena Narang
Bhagyesh Shah
Ankush Bansal
Huzefa Bodabhaiwala

PROSPECTUS OF
ABC TEXTILES LTD
WE THE ABC GROUP
WELCOMES YOU TO
SUBSCRIBE IN OUR
COMPANY SHARES AS
WE HAVE OUT THE
REQUIRED EXPERTISE IN
OUR MANAGEMENT AS
WELL AS DEALS IN
QUALITY PRODUCTS. WE
TRULY BELIEVE IN
SATISFYING THE
CUSTOMER NEEDS.
AFTER SUCCESSFULLY
EXISTING IN THE
MARKET FOR A DECADE
WE ARE HERE TO
EXPAND OUR BUSINEESS

DEALS IN IMPORT
AND EXPORT OF
TEXTILES

MD- HUZEFA BODABHAIWALA

CEO- BHAGYESH SHAH
CMO- HEENA NARANG
CHAIRMAN- ANKUSH BANSAL

DATE- 01-09-2016
Quality and Growth are
the drivers of our
success

TEL 5555 5555

ISSUE OF CAPITAL

A. PRIVATE PLACEMENT
Private Placement is issuing share capital to a select group of
people, including or not the existing shareholders, like friends,
family members, Angel investors, Venture Capitalists etc
B. IPO
In this a private company turns into a public company and its
shares are sold to the institutional investors and the general
public. The amount generated through sale of shares is called as
share capital

MEMORANDUM OF ASSOCIATION
1. The name of the company is ABC ltd
2. The registered office of the company is in Maharashtra
3. The objective of the company is to expand its
operations and
setting up of manufacturing plants
4. The liability of the members will be limited to the
extend of the
unpaid share capital
5. The authorized share capital of the company is 25
crores divided
into 2.5 crores shares of 10Rs/ share

ARTICLES OF ASSOCIATION
1. Name and Organization
. The name of the company is ABC Textiles Ltd and in
the business of import and export of textiles
2. Intent and Purpose
. It is the intent of ABC Textiles ltd to deal in quality
products and apart from expanding its existing import
and export business also planning to start with its
manufacturing operations
3. Office and duration
. The headquarters is located in the heart of Mumbai,
Churchgate, Maharashtra.
. The duration will be perpetual. The death, removal or
resignation of any member will not lead to the
dissolution of the company

4. Structure and Membership

Our company comprises of individuals and groups are
dedicated towards the company well being and success
Membership is open to people other than family members
5. Association of Leadership
The company will be governed by atleast 7 directors to be
determined by the group
Directors will be elected by nominations and votes of
atleast a quorum of the organization
6. Accounting and Records
The financial year will be 1st April to 31st March
The shareholders will be provided with the yearly annual
reports
7. Dissolution
The various stakeholders will get their respective share

ROLE AND DUTIES OF BOARD OF DIRECTORS

1.Provide continuity for the organizationby setting up a
corporation or legal existence, and to represent the organization's
point of view through interpretation of its products and services, and
advocacy for them
2. Govern the organization by broad policies and objectives,
formulated and agreed upon by the chief executive and employees,
including to assign priorities and ensure the organization's capacity to
carry out products/services/programs by continually reviewing its
work
3. Acquire sufficient resources for the organization's
operations and to finance the products/services/programs
adequately
4. Account to the stockholders for the products and services
of the organization and expendituresof its funds, including:
- to provide for fiscal accountability, approve the budget, and
formulate policies related to contracts from public or private resources
- to accept responsibility for all conditions and policies attached to

5. Maintaining good relations with the middle and lower

level management for smooth functioning of the organization
6. Enhance the organization goodwill in the eyes of various
stakeholders
7. Promotion packages to the employees to get their best of
the efforts and dedication towards achieving companies goals
and objectives
8. Avoid any unlawful activity in running the business

CRITERIA FOR ENTERING INTO CONTRACTS WITH OUTSIDERS

1. Goodwill of the party

2. No loss making firm
3. No legal issues which can hamper the business
4. Good relations with the government if party is from
some other country
5. Suitable credit period
6. Past experience with the company in doing the
business
7. The outside party is not involved in any illegal
activity or any business which is unlawful in the
eyes of the law

ADVANTAGES FOR A COMPANY TO GET CONVERTED INTO A

PARTNERSHIP LLP
1. Taxation
. The LLPs are taxed like general partnership firms and they are exempted
from surcharge
. No dividend distribution tax
. No capital gains tax shall be charged on transfer of property from
company into LLP
2. Membership
. No limit on maximum no of membership
3. No Stamp Duty
. There is no stamp duty on all movable and immovable properties of the
company on conversion into LLP

4. Goodwill
. The goodwill which the company used to enjoy is also transferred into the
partnership llp

5. Restriction on Entry and Exit of any partner

.

In the company the shareholders can sell off their shares but in
partnership llp the partners cannot do so without taking permission from
other partners

THANKYOU