AirAsia incorporates Indian venture
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Malaysian low-cost carrier AirAsia has incorporated a company in India with the filing of all requisite documents with the Ministry of Corporate Affairs.
The venture, AirAsia (India) Pvt Ltd, was incorporated as an “Indian non-government company” with its registered office in Mumbai. It will be an “unlisted” company, as per the documents filed with the Registrar of Companies (RoC). The private sector company was incorporated on 28 March 2013 with an initial authorized capital of INR5 lakh.
Among various documents submitted by AirAsia (India), the incorporation certificate was filed on 28 March, while Article of Association, Memorandum of Association, image of airline logo and other forms were filed earlier on 11 March. Prior to that, AirAsia had registered the name for its Indian venture on 1 March, after getting the necessary approval from the ministry.
“The filing process for this new venture has been completed on a fast-track basis,” a senior official told the Economic Times. AirAsia, Chief, Tony Fernandez tweeted that the company formation has been done for the Indian venture. “AirAsia India Pvt has been formed. One more step. Been studying the Indian market hard. Exciting. We can make a difference,” he wrote on the micro-blogging site.