Alteration in main objects of the company

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Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2013 Dear Expert,

Please tell the procedure of alteration in main objects of the Public Listed Company?

Ajay Mishra

Ajay Mishra (Expert)

11 July 2013 STEPS FOR CHANGE OF MAIN OBJECTS OF THE COMPANY:

1. Call a Board meeting for proposed change in object clause.
2. Hold a Board meeting for passing following resolutions:

a. Alteration of object clause of by insertion of new main object of MOA
b. Fixing date time place for general meeting for approving the above resolution by shareholders.
c. approval of draft notice of general meeting.
d. Authorisation for filing forms with MCA.
3. Hold a general meeting for passing above resolutions.
4. File Form-23 with MCA with in 30 days from passing of shareholders resolutions.
5. Get certificate from ROC for change of object clause of the company

In addition, you will also comply listing agreement for such changes.

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2013 Wheteher postal ballot is compulsary or not?

Ajay Mishra

Ajay Mishra (Expert)

11 July 2013 As per Rule 5 of the Companies (Passing of the resolution by postal ballot) Rules, 2011, it will be altered through postal ballot.

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