(1) Any seven or more persons desirous of forming a corporation under this Act wish to get the Memorandum and Articles to be registered under sub-section (2) of section 15 shall present the following documents to the Registrar along with the application :—
(i) a printed copy of the Memorandum and Articles duly signed by each subscriber ;
(ii) a copy of a list of the names, descriptions, addresses and occupations of such subscribers (and where a firm is one of such subscribers, of each partner in the firm) and of the members of the proposed Board of Directors ;
(iii) a statement showing in detail the assests ( with the estimated values thereof ) and the liabilities of the proposed corporation, as on the date of the application for registration or within seven days of the date ;
(iv) an estimate of cre annual income and expenditure of the proposed corporation, specifying the sources of the income and the objects of the expenditure ;
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(v) a statement giving a brief description of the work, if any, already done by the proposed corporation and of the work proposed to be done by it after registration in pursuance of sub-section (2) of section 15 ;
(vi) a statement specifying briefly the grounds on which the application is made.
(2) Where any such persons are already functioning as a corporation immediately before the commencement of the Act the corporation shall, in addition to the documents specified in sub-rule (1) also present to the Registrar a copy of each of the following documents submitted by the management thereof to its members, for each of the two complete financial years immediately preceding the date of application or where the corporation has functioned for one such financial year, for that financial year—
(a) the accounts,
(b) the balance-sheets,
(c) the reports on the working of the corporation so functioning.