374. Obligations of companies registering under this Part
Every company which is seeking registration under this Part shall,—
(a) ensure that secured creditors of the company, prior to its registration under
this Part, have either consented to or have given their no objection to company’s
registration under this Part;
(b) publish in a newspaper, advertisement one in English and one in vernacular
language in such form as may be prescribed giving notice about registration under this
Part, seeking objections and address them suitably;
(c) file an affidavit, duly notarised, from all the members or partners to provide
that in the event of registration under this Part, necessary documents or papers shall
be submitted to the registering or other authority with which the company was earlier
registered, for its dissolution as partnership firm, limited liability partnership, cooperative
society, society or any other business entity, as the case may be.
(d) comply with such other conditions as may be prescribed.