Change in object clause of MOA

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Sakina Rassawala

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Dec 17, 2010, 3:18:17 AM12/17/10
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Dear Friends,

This is regarding a private company which is into infrastructure business. Now the company also want to do Financing Business. As per my understanding the following procedure should be followed:
1. Calling BOD for giving notice of EGM.
2. Calling EGM for change in MOA.
3. Filing Form 23 for special resolution.

Please guide, if this procedure is sufficient or anything else is left to be done.

Thank you.

Regards.

Vivek Hegde

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Dec 17, 2010, 3:29:53 AM12/17/10
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Dear Sakina

If the name is not in matching with the proposed objects, ROC may insist for Name change. Then you will have get the name changed first and then object change.

Vivek
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Warm Regards

CS Vivek Hegde,B.com, ACS, CWA
Company Secretary in Practice
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Sakina Rassawala

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Dec 17, 2010, 4:10:06 AM12/17/10
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Dear Vivek,

If the company is continuing with the existing business and if the new objects are included as ancillary objects, then we don't need to change the name. Am I right? Please clarify.

Jayashree Chandrasekaran

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Dec 17, 2010, 4:19:18 AM12/17/10
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yes,if the object is added in the ancilliary clause then there is no requirement to change the name
jayashree

C.JAYASHREE
PARTNER
S.GANESH&ASSOCIATES
CHENNAI
98840 17120

Sakina Rassawala

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Dec 17, 2010, 4:21:19 AM12/17/10
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Thank you all for invaluable guidance.

Sakina Rassawala

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Dec 17, 2010, 5:06:43 AM12/17/10
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Dear All,

Do we also need to file Form I or Form 21? Kindly reply.

Jayashree Chandrasekaran

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Dec 17, 2010, 5:08:14 AM12/17/10
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No,not applicable
jayashree

Sakina Rassawala

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Dec 17, 2010, 5:09:58 AM12/17/10
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Thanks Maam.

Vivek Aggarwal

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Dec 17, 2010, 6:10:52 AM12/17/10
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Dear Sakina
 
Yes, you are right, If that is included in ancillary objects, name change is not required.

Regards
CS Vivek Aggarwal
From: Sakina Rassawala <sakin...@gmail.com>
To: csmy...@googlegroups.com
Sent: Fri, 17 December, 2010 2:40:06 PM
Subject: Re: [CSMysore] Change in object clause of MOA
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