Change in main objects and change in name of a private compa

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Raj Kumar (Querist)
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28 October 2010 Dear Sir,

the query is about a private limited company currently having "Publishers" as its main object but for the last 2-3 years, no business is carried on. The company is having the word "Publishers" in its name.Now the company wants to start a new business of "Manufacturing and trading of high fashion garments & made-ups including export thereof. i think ,for this purpose, the company would be required to do two things i.e. 1) Change its name to reflect its new main business and incorporate the new name in its MOA and articles and 2) to add the new business in the main business clause of MOA. Sir, Please guide step-by step about the detailed procedure to be followed including sample special resolutions to be passed at the board meeting and extraordinary general meeting and about the e-forms to be filed with ROC.
Further, we are also having a business under "other objects" of MOA i.e. " to carry on the business of manufacturers of and dealers in readymade garments of all kinds". Will the procedure be different in this case? Please do the needful at the earliest. Thanks and regards- Raj

Ankur Garg

Ankur Garg (Expert)
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08 November 2010 Your understanding in point no. 1 and 2 is correct.

Procedure for change in object clause

This process involves alteration of MOA

1. First Call a board meeting and pass following 3 resolutions
a) resolution for change in object
b) calling of General Meeting.
c) authorisation to sign digital form

2. On due date hold General Meeting and pass the Special Resolution.

3. File form23 with ROC within 30 days of passing Special Resolution in General Meeting.

4. Prepare new MOA with new clause and attach the same in form-23 along with notice of General Meeting.

Regards

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