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Format of no objection certificate for from 1


Dear Members,

One of my client applied for name approval of a company with 3 promoters.Now due to dispute among them the other two dont want to get him involved in company registration procedure .i.e in filing of form 1,18,32.

Plz suggest how the same can be done.

Thanks in advance...

 
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company secretary in practice

there is no such fix format. the person who is opting out from the proposed company will have to give his NOC. he may give a simple letter stating that due to personal reasons, he is not interested in subscribing to the MOA of the proposed company and he has no objection for the other two persons incorporating the company.

 
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Company Secretary


With effect from 24th July, 2011,the approved name is valid for a period of 60 days from the date of approval.If,the proposed company is not incorporated within such period,the name shall be lapsed and will be available for other applicants.

The recourse in your case is dont incorporate the company it will automatically get lapse.

Thereafter file another Form 1A.

 

 
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