(i) With a view to fulfilling the various formalities that are required for incorporation of a company, the promoters may appoint an attorney empowering him/her to carry out the instruction/requirements stipulated by the Registrar.
(ii) This required execution of power of attorney on a non-judicial stamp paper for a value prescribed in the respective state stamp laws.

(i) Issue of shares at Par:
Normally shares are issued at their face value or par value i.e at a price mentioned on the face of share certificate concerned. There are no legal restrictions on issuing shares at par/face value.
(ii) Issue of securities at discount:
When the shares are issued at a price below the face value they are said to be issued at a discount. For example, a share having the face value of Rs 10 is issued at Rs 8. The companies act 2013, prohibits the issue of shares at discount (Section 53), except sweat Equity share.

The main objectives of Company Law 1956 are:
(i) To sustain the trust and faith of Shareholders
(ii) To protect and preserve the rights of Shareholders
(iii) To have drastic control over all the activities of the company
(iv) To make regulation of an effective Annual Meeting,
(v) The investment of the general public should be used for the development of society or social welfare activities.

Condition stipulated for capital subscription
(i) The fulfilling formalities to raise necessary capital.
(ii) Adhering to SEBI guidelines in this regard.
(iii) Fulfilling the condition for valid allotment by director.
(iv) Filing allotment return with the Registrar.

(i) When the share are issued at a price below the face value they are said to be issued at a discount.
(ii) For example, a share having the face value of Rs 10 is issued at Rs. 8.
(iii) The companies act 2013, prohibits the issue of shares at discount (section 53) except sweat Equity share.

(i) The definition of the term 'Share' under the Companies Act, 1956 (section 2(46)) includes stock.
(ii) A company can convert its shares into stock and vice versa by following the provisions of Table A (Article 36 - 39).
(iii) Stock is created from fully paid shares by passing an ordinary resolution in the general meeting.
(iv) The Article of Association of the company must permit this conversion.