What is Certificate of registration of existing companies What is Vesting of property on registration Section 367 and 368 of Indian Companies Act 2013

Certificate of registration of existing companies and Vesting of property on registration are defined under Section 367  and 368 of Indian Companies Act 2013. Provisions under these Sections are:

Section 367 of Indian Companies Act 2013 "Certificate of registration of existing companies"


 

On compliance with the requirements of this Chapter with respect to registration, and on payment of such fees, if any, as are payable under section 403, the Registrar shall certify under his hand that the company applying for registration is incorporated as a company under this Act, and in the case of a limited company that it is limited and thereupon the company shall be so incorporated.

 

Section 368 of Indian Companies Act 2013 "Vesting of property on registration"

All property, movable and immovable (including actionable claims), belonging to or vested in a company at the date of its registration in pursuance of this Part, shall, on such registration, pass to and vest in the company as incorporated under this Act for all the estate and interest of the company therein.

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