format of explanatory statement

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SUMAN (Querist)
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08 February 2010 can any body provide me explanatory statement of name change and object change.

reason of change: since co has not started the business for which purpose it was incorporated.()from nbfc business to real estate or construction business

its urgent .tks in advance

Ankur Garg

Ankur Garg (Expert)
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08 February 2010 EXPLANATORY STATEMENT PURSUENT TO SECTION 173(2) OF THE COMPANIES ACT, 1956

ITEN NO.1

It was felt by the Directors of the Company that for the entering in to new area of ________ there is need to arise as a new name. As the company is not going to operate its old business and would no longer be an associate of _______ hence it is decided to shelve the word ______ from the name of the Company and propose to change the name from ________ to ______________.

The resolution as proposed is recommended for approval. None of the Directors are concerned or interested in the proposed resolution except to the extent that they hold any shares in the Company.

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Ankur Garg

Ankur Garg (Expert)
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08 February 2010 EXPLANATORY STATEMENT TO SPECIAL BUSINESS OF NOTICE (ITEM NO. 1 ) AS REQUIRED UNDER SECTION 173 OF THE COMPANIES ACT, 1956.

Item No. 1

The company is planning to enter into the area of _______________

All these businesses are for the future prospects of the company. These business will help us to reduce our dependency on the outside agencies. These business along with the present business will help us to face the competition in the present business scenario.

The Directors recommend the resolution for approval of the shareholders

None of the Directors are interested in this resolution.

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