{"id":46198,"date":"2023-09-25T09:46:58","date_gmt":"2023-09-25T04:16:58","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=46198"},"modified":"2024-05-30T11:48:49","modified_gmt":"2024-05-30T06:18:49","slug":"incorporation-under-section-7-of-companies-act-2013-form-spice","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/incorporation-under-section-7-of-companies-act-2013-form-spice\/","title":{"rendered":"Incorporation Under section 7 of Companies Act 2013 | FORM SPICe+"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-46202 size-full\" src=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-OG-2.png\" alt=\"section 7 of companies act\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-OG-2.png 1200w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-OG-2-300x158.png 300w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-OG-2-1024x538.png 1024w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-OG-2-615x323.png 615w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-OG-2-400x210.png 400w, https:\/\/www.cagmc.com\/blog\/wp-content\/uploads\/2023\/09\/Copy-of-OG-2-292x153.png 292w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Section 7 of the Companies Act is very important when it comes to starting a business because it sets the guidelines for how to start a company in India. This section defines the procedural and legal prerequisites that aspiring entrepreneurs and stakeholders must comply with in the process of establishing a new company. This blog post will describe the important steps and requirements set by the section 7 of companies act , which makes the process of incorporation under Section 7 of the Companies Act, 2013 clear and regulated within the legal framework.<\/span><\/p>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<td style=\"border: 1px solid#000000;\">\n<h2><b>Table of Content<\/b><i><\/i><\/h2>\n<ul>\n<li><a href=\"#meaning\"><span style=\"font-weight: 400;\">Meaning of Incorporation of a Company<\/span><\/a><\/li>\n<li><a href=\"#preliminary\"><span style=\"font-weight: 400;\">Preliminary steps for Company Incorporation<\/span><\/a><\/li>\n<li><a href=\"#filing\"><span style=\"font-weight: 400;\">Filing a request to Registrar of Companies<\/span><\/a><\/li>\n<li><a href=\"#certificate\"><span style=\"font-weight: 400;\">Certificate of Incorporation<\/span><\/a><\/li>\n<li><a href=\"#benefits\"><span style=\"font-weight: 400;\">Meaning &amp; Benefits of SPICe+<\/span><\/a><\/li>\n<li><a href=\"#what\"><span style=\"font-weight: 400;\">What does SPICe+ Form- Registration Procedure integrates?<\/span><\/a><\/li>\n<li><a href=\"#overview\"><span style=\"font-weight: 400;\">Overview of process of SPICe for Company Registration<\/span><\/a><\/li>\n<li><a href=\"#conclusion\"><span style=\"font-weight: 400;\">Conclusion<\/span><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 id=\"meaning\"><b>Meaning of Incorporation of a Company<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The process of incorporating a business entails the formal establishment of a new entity within the legal framework provided by the Companies Act. The process entails the formal registration of the company with pertinent regulatory bodies, as well as the establishment of its organizational structure, goals, and ownership.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Section 3(1), a company can be established for a legitimate purpose by meeting the following criteria:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the company to be formed is intended to be a public company, seven or more individuals must form it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the company to be formed is intended to be a private company, two or more individuals must form it.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If the company to be formed is intended to be a One Person Company, which is a type of private company, a single individual can form it.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish the company, the\u00a0individual must subscribe their names to a memorandum and fulfil the registration requirements outlined in this Act.<\/span><\/li>\n<\/ul>\n<h2 id=\"preliminary\"><b>Preliminary steps for Company Incorporation<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The promoters must complete the following procedures before incorporating the proposed company:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Under Sec. 4(2), a company cannot be registered with a name the Central Government deems undesirable.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The name shall not match or resemble a company registered under this Act or a previous company statute.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Promoters should apply in Form 1 A to check the availability of up to six names in their preferred order.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The applicant proposing the company must pay Rs. 500 and sign the paperwork with their digital signature.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The user must apply for a new name on the same application if the proposed name is unavailable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Registrar will reserve the approved name for 20 days. The applicant can file Forms 1, 18, and 32 to register the new company within this time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Before incorporating a company, promoters must hire chartered accountants, lawyers, etc. to prepare documentation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have lawyers to draft the memorandum and articles of association, the Registrar of Companies vet them, and they print them.<\/span><\/li>\n<\/ul>\n<h2 id=\"filing\"><b>Filing a request to Registrar of Companies<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">After preliminary work, the promoters must apply to the Registrar of the State in which the company&#8217;s registered office will be located with the below mentioned documents and information [Sec. 7(1)]:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company&#8217;s memorandum and articles signed by all subscribers in the authorized manner.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A formal statement, as per the specified format, provided by a practicing advocate, CA, CS, who engages in the establishment of the company stating that company comply with all regulatory requirement<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Additionally, the statement is also provided by an individual mentioned in the articles as a director, manager, or secretary of the company stating that company comply with all regulatory requirement<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Each subscriber to the memorandum and the first directors, if applicable, must provide a declaration stating that they have not been convicted of any offense related to the promotion, formation, or management of any company, or any fraudulent activity, misconduct violation of duty towards any company under the current Act or any previous company legislation within the last five years. Additionally, they must confirm the accuracy of all documents submitted to the Registrar.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Till the registered office get established the correspondence address.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The name, surname, family name, residential address, nationality, and other details of each memorandum subscriber, along with proof of identity, and, if a subscriber is a body corporate, such details.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The initial directors of the firm, their names, including surnames or family names, Director Identification Numbers, residence addresses, nationalities, and any other required information, including evidence of identity<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The interests of the initial directors listed in the articles in other enterprises or bodies corporate and their consent to serve as directors in the authorized manner<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The ROC based onabove-mentioned information and documents issue the Certificate of Incorporation. The company will be allotted a corporate identity number that will reflect a unique identity of a company and will be written in the certificate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Any person who provides false or incorrect information or suppresses material information in any company registration document filed with the Registrar is liable under section 447 of the Companies Act.<\/span><\/p>\n<h2 id=\"certificate\"><b>Certificate of Incorporation<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A certificate of incorporation validates a company&#8217;s name and founding date under the Companies Act. The Registrar of Companies issues a certificate of incorporation in the prescribed form after receiving the required documents and information under the Companies Act.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following are the features of Company incorporation<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The certificate of incorporation serves as the legal document that establishes the existence of a company, effective from the specified date indicated in the certificate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The provision confers legal identity upon the company, establishing its corporate life and ensuring its continuous succession.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Memorandum subscribers and other persons who may join the company from time to time form a body corporate with a distinct entity, perpetual succession, a common seal, and liability limited to the amount unpaid on their shares.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Memorandum and Articles of Association are legally enforceable upon both the members and the company, as if the company and each individual member had formally executed them.<\/span><\/li>\n<\/ul>\n<h2 id=\"benefits\"><b>Meaning &amp; Benefits of SPICe+<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In February 2020 saw the Ministry of Corporate Affairs launch SPICe+, an online application. It is an updated version of the 2016 SPICe (Simplified Proforma for Incorporating Company Electronically) form, which helped Indian companies\u2019 incorporation.<\/span><a href=\"https:\/\/www.cagmc.com\/spice-procedure-for-incorporation-of-new-company\/#is\"><span style=\"font-weight: 400;\">SPICe+<\/span><\/a><span style=\"font-weight: 400;\"> is a comprehensive and user-friendly web tool for entrepreneurs to\u00a0 incorporate a company and has several more capabilities.<\/span><span style=\"font-weight: 400;\">In February 2020 saw the Ministry of Corporate Affairs launch SPICe+, an online application. It is an updated version of the 2016 SPICe (Simplified Proforma for Incorporating Company Electronically) form, which helped Indian companies\u2019 incorporation.<\/span><a href=\"https:\/\/www.cagmc.com\/spice-procedure-for-incorporation-of-new-company\/#is\"><span style=\"font-weight: 400;\">SPICe+<\/span><\/a><span style=\"font-weight: 400;\"> is a comprehensive and user-friendly web tool for entrepreneurs to\u00a0 incorporate a company and has several more capabilities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.cagmc.com\/spice-procedure-for-incorporation-of-new-company\/#of\"><span style=\"font-weight: 400;\">Benefits of SPICe+<\/span><\/a><span style=\"font-weight: 400;\"> are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Single Integrated Form<\/b><span style=\"font-weight: 400;\">: SPICe+ integrates company registration processes and filings into one form. This streamlines the application process by reducing form filling.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Saving time and effort<\/b><span style=\"font-weight: 400;\">: SPICe+ lets you apply for name reservation and company incorporation simultaneously.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduced Paperwork<\/b><span style=\"font-weight: 400;\">: The form reduces paperwork and speeds up registration, supporting the government&#8217;s &#8220;Ease of Doing Business&#8221; strategy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Single Window for Approvals<\/b><span style=\"font-weight: 400;\">: SPICe+ lets you apply for PAN, TAN, GST, ESIC, and EPFO in one form.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduced Documentation<\/b><span style=\"font-weight: 400;\">: The integrated form eliminates the need to attach MOA and AOA, simplifying the procedure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Real-time Processing<\/b><span style=\"font-weight: 400;\">: SPICe+ electronically processes applications, lowering processing time and delivering progress updates.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Professional Certification<\/b><span style=\"font-weight: 400;\">: The form allows professional certification for correctness and legal compliance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Automatic Data Validation<\/b><span style=\"font-weight: 400;\">: The form reduces application mistakes and conflicts with data validation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improved User Interface<\/b><span style=\"font-weight: 400;\">: SPICe+ has a more user-friendly interface than its predecessor.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cost Efficiency<\/b><span style=\"font-weight: 400;\">: SPICe+ may cut registration expenses by merging different applications and documentation into one form.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Support for Multiple Stakeholders<\/b><span style=\"font-weight: 400;\">: The form supports startups, companies, professionals, and regulators.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Digital Initiatives<\/b><span style=\"font-weight: 400;\">: SPICe+ supports government digitalization efforts to reduce paper and increase transparency.<\/span><\/li>\n<\/ul>\n<h2 id=\"what\"><b>What does SPICe+ Form- Registration Procedure integrates?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">SPICe is introduced\u00a0by the Ministry of Corporate Affairs. SPICe+ stands for Simplified Performa for Incorporating Company electronically\u00a0Plus and is mostly used for Indian company registration. SPICe+ Company Registration <\/span><a href=\"https:\/\/www.cagmc.com\/spice-procedure-for-incorporation-of-new-company\/#features\"><span style=\"font-weight: 400;\">integrates<\/span><\/a><span style=\"font-weight: 400;\"> the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.cagmc.com\/director-identification-number-din\/\"><span style=\"font-weight: 400;\">Director Identification Number<\/span><\/a><span style=\"font-weight: 400;\"> Allotment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Approval of Name<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certificate of Incorporation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.cagmc.com\/how-to-apply-for-instant-pan-card\/\"><span style=\"font-weight: 400;\">PAN<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">TAN\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.cagmc.com\/provident-fund-pf-a-welfare-scheme-for-employee\/\"><span style=\"font-weight: 400;\">Employees Provident Fund<\/span><\/a><span style=\"font-weight: 400;\"> Organisation registration<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employees State Insurance Corporation registration<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bank Account of the company<\/span><\/li>\n<\/ul>\n<h2 id=\"overview\"><b>Overview of process of SPICe+ for Company Registration<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form requires multiple procedures to register a company. Brief process overview:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Get DSCs for directors and signatories<\/b><span style=\"font-weight: 400;\">. An electronic signature for online filings.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Name Reservation:<\/b><span style=\"font-weight: 400;\"> Use the MCA portal&#8217;s RUN (Reserve Unique Name) feature to reserve the firm name. Choose a unique, available company name.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fill SPICe+:<\/b><span style=\"font-weight: 400;\"> Complete the SPICe+ form with director, shareholder, and other information.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Memorandum and Articles of Association: <\/b><span style=\"font-weight: 400;\">\u00a0Write the memorandum\u00a0and articles in the specified format and attach them to SPICe+.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>PAN&amp; TAN<\/b><span style=\"font-weight: 400;\">: The integrated SPICe+ form can be used to apply for the company&#8217;s PAN and TAN.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Additional Information<\/b><span style=\"font-weight: 400;\">: Provide GST (AGILE-PRO), ESIC, and EPFO registration data detail\u00a0if applicable.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Declaration<\/b><span style=\"font-weight: 400;\">: Directors and subscribers sign the form to verify the information.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Certification:<\/b><span style=\"font-weight: 400;\"> Chartered accountants, company secretaries, and cost accountants can certify the SPICe+ form, <\/span><a href=\"https:\/\/www.cagmc.com\/moa-and-aoa-of-a-company-under-companies-act-2013\/\"><span style=\"font-weight: 400;\">MOA, and AOA<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Submission<\/b><span style=\"font-weight: 400;\">: Use the MCA portal to submit the SPICe+ form, documentation, and payments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Review and Approval<\/b><span style=\"font-weight: 400;\">: The RoC reviews the application. If all prerequisites are completed, RoC authorizes application.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>COI:<\/b><span style=\"font-weight: 400;\"> After approval, you&#8217;ll obtain the Certificate of Incorporation (CoI), establishing the company&#8217;s legal existence.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bank Account<\/b>: Open a bank account for the company with the CoI to facilitate financial transactions.<\/li>\n<\/ul>\n<h2 id=\"conclusion\"><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In summary, Section 7 of companies Act plays a fundamental role in facilitating the incorporation of companies by offering a well-defined framework that promotes principles such as transparency, legality, and accountability within the realm of <a href=\"https:\/\/en.wikipedia.org\/wiki\/Corporate_governance\">corporate governance<\/a>. This section establishes guidelines and requirements for the formation of new entities, ensuring compliance with regulatory norms. This promotes investor trust and creates a favourable business environment.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Section 7 of the Companies Act is very important when it comes to starting a business because it sets the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":46202,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[73],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Section 7 of Companies Act- Goyal Mangal &amp; 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