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Name & objects

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Shreya (Querist)
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11 August 2010 for a private limited co., form 1A is filed for change in name. The present business is that of pharmaceuticals. But the Company presently does only investing business & clause of carrying on investing activities is present in other objects.
ROC has raised an objection that name should reflet the given object & Board Resolution should indicate proposed object amendment.
Whether we can evade the object amendment procedure?
If no, what would be procedure for change in objects?
whether under section 17 or 149?
149 is not applicable to pvt ltd co.
Section 17 won't be applicable in our case as it is not in relation to the existing business .
Kindly advise.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 August 2010 For changing the object clause section 16 has to be complied.
If section 16 is not adopted, call a general meeting in which a resolution may be moved and resolved to the extent that the company shall do the "Investing business" which is presently contained in the "other object clause". In that case the name of the company will remain as such.

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