Change in main object clause of private company


This query is : Resolved 

(Querist)
01 June 2013 Currently the company is a Investment company and intends to go in the business of import/export and trading of security equipment, which are not there in the main or other objects of the company. Can the company continue under the same name suppose the name is XYZ INVESTMENT PRIVATE LIMITED or they need to change the name also alongwith the main objects? Suggest the full procedure for the same.
Also how many main objects can a company insert if it intends to do multiple business?

Sanket (Expert)
01 June 2013 Hi,
Please note for change in objects clause, ROC insist that the name should be also changed as the name should be reflective of the activity. Similarly, whenyou go for name change, they also seek to change the objects. The entire object clauses could be changed or new clauses could be added
For change in objects, the following are the steps if the new objects do not upset your name
1. Hold Board meeting for approval of changed object and for notice for holding AGM and authorise one director or secretary to deal with RoC in this regard
2. Hold the general meeting and pass the special resolution
3. File form 23 with ROC with amended MoA
4. Get the form registered and get a certificate for registration

Sanket (Expert)
01 June 2013 Hi,
Please note for change in objects clause, ROC insist that the name should be also changed as the name should be reflective of the activity. Similarly, whenyou go for name change, they also seek to change the objects. The entire object clauses could be changed or new clauses could be added
For change in objects, the following are the steps if the new objects do not upset your name
1. Hold Board meeting for approval of changed object and for notice for holding AGM and authorise one director or secretary to deal with RoC in this regard
2. Hold the general meeting and pass the special resolution
3. File form 23 with ROC with amended MoA
4. Get the form registered and get a certificate for registration

Sanket (Expert)
01 June 2013 Hi,
Please note for change in objects clause, ROC insist that the name should be also changed as the name should be reflective of the activity. Similarly, whenyou go for name change, they also seek to change the objects. The entire object clauses could be changed or new clauses could be added
For change in objects, the following are the steps if the new objects do not upset your name
1. Hold Board meeting for approval of changed object and for notice for holding AGM and authorise one director or secretary to deal with RoC in this regard
2. Hold the general meeting and pass the special resolution
3. File form 23 with ROC with amended MoA
4. Get the form registered and get a certificate for registration


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