Section 5 : Registration of company

(1) If a request is made to establish a company in accordance with section 4, the office shall, after conducting the necessary checks, register such company within seven days of the date of the request and issue a certificate of company registration to the applicant in the prescribed format. If the registration is not done within the stipulated time, the office will have to inform the proposed company with the reason within three days.

¹(1A) The documents relating to application and certificate shall be valid with electronic signature at the time of authentication and the documents may be produced through electronic means.

(2) A company shall be deemed to be incorporated after the registration of the company pursuant to sub-section (1).

(3) For the purposes of sub-section (1), the office shall maintain the Company Register in the form as may be prescribed.

(4) On the formation of a company in accordance with this section, the matters contained in the management letter and rules made under this Act shall be binding on the company and its shareholders, including the arrangements made in the separate agreements entered into between the company and each of its shareholders and shareholders.

(5) No person shall carry on any business in the name of any firm or institution using the word company without registering the company under this Act.

^{1The first amendment.}