Download Company Law Form I: Appointment of sole selling agents by the company

Download Company Law Form I: Form No I used as a Form of application for approval of the Central Government for the appointment of sole selling agents by the company

How to e-file Form I of Company Law

 Enter the ‘Corporate Identity Number’ (CIN) of the company.

Enter following details for the company

  • Date as on which the share holding pattern of the applicant company is provided
  • Specify the percentage holding for the different categories given in the eForm.
  • Enter the total number of share holders of the company- in thousand.

In case the sole selling agent is a company then enters following details:

  • Date as on which the share holding pattern of the sole selling agent company is provided
  • Enter CIN of the sole selling agent.
  • Specify the percentage holding for the different categories given in the eForm.
  • Enter the total number of share holders of the company- in thousand.

Specify the existing selling arrangement of the company 

(i) In case the sole selling agent is a company enters the CIN of the company. 

  • You may find CIN by entering existing registration number or name of the company in the ‘Find CIN/GLN’ service at the MCA21 portal 

  • Click the “Pre-fill” button: System will automatically display the name and registered office address of the company. Please enter the complete address, if the address displayed is not complete. Enter the nature of organizations and principal business of the company

(ii)In case sole selling agent is a person or a firm: Enter the name, nature of organisations, address and principal business of the person or firm

(iiI) If sole selling agent is a partnership firm then enter name of partners with the percentage of profit sharing.

  • Enter following details in case the applicant company, its directors or relatives of the directors hold any share in the sole selling agent if sole selling agent is a company. Number of shares held and the percentage of share holding.
  • Specify the structure and size of organization of the sole selling agent which will be utilized for conducting sale of the company. In case sole selling agent is a company then also provides the CIN of the company.
  • Select whether this is reappointment of a sole selling agent or not. In case of reappointment, enter details for the previous appointment:

    (a) Rate of commission.

    (b) Terms and conditions for the appointment. Enter following details for which the sole selling agent is appointed:

  • (a) Geographical area

  • (b) Terms of commission payable to the sole selling agent

  • (c) Select whether the agreement is on principal –to-principal basis or not. In case of principal to principal basis enter the item/product wise rate of discount allowed.

  • (d) Specify the tenure of appointment.

 Enter the details for the amount of commission earned from the company and expenditure incurred by the sole selling agent for the last three years-if any. 

  • Enter following details for the resolution passed and eForm 23 filed for the appointment;
  • Service request number (SRN) and date of filing of eForm 23 with RoC. Date of passing of resolution.Note: In case the existing company does not have the service request number (SRN) of eForm 23, enter “Z99999999” as SRN of eForm 23 and attach the resolution passed for appointment of sole agent as an optional attachment
  • In case company has appointed any other sole selling agents for the same product in other areas, specify the terms of remuneration to those agents.
  • Specify extent of competition for the same product and company’s share in over all market for the same product in India during last three years and name of the important competitors. If required, user can give details as an optional attachment.

 Attachments

  • Copy of proposed agreement is compulsory to be attached.
  • Certificate from auditor of sole selling agents which certify the figure of expenditure.
  • Details for the interest, if any, of sole selling agent in the share of the company. (Refer format 1 below)
  • Copy of the particulars of directorship in the company held or controlled by the sole selling agent. (Refer format 2 below)
  • Particulars of inter-se relationship to other sole selling agent in other areas for same products of the company.
  • Break-up of sales in respect of each of the last three years (In respect of the product in which the sole selling agent under consideration has been appointed and for the territory for which he has been so appointed). (Refer format 3 below)
  • Foreign shareholding in the principal company and the sole selling agent and the profits remitted to the foreign countries on these shareholdings during the last three years (Refer format 4 below)
  • In case the sole selling agent is a partnership firm, detail of working partners, and details of capital invested in the partnership firm during the last three years and details of the profits earned by the partners during the last three years. (Refer format 5 below)
  • Any other information can be provided as an optional attachment

Declaration

Enter the date of board resolution authorising the signatory to sign and submit the application 

Digital signature

The eForm should be digitally signed by managing director or director or manager or secretary of the company duly authorised by the board of directors

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