Nbfc comapnies

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preeti sharma (Querist)
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18 September 2013 I want to convert infrastructure company into financing company? what are the rules and procedure i have to follow while this procedure?

Ajay Mishra

Ajay Mishra (Expert)
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18 September 2013 First of all you will file Form-1A with ROC subject to change of name with change in main object of the company.

There after you will take RBI approval for doing finance business. You also read Name availability Guidelines in this regard.

Ajay Mishra

Ajay Mishra (Expert)
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18 September 2013
STEPS FOR CHANGE OF NAME SUBJECT TO THE CHANGE OF MAIN OBJECTS OF THE COMPANY:

1. Call a Board meeting for proposed change of name subject to change in object clause and filing of Form1A.
2. Call another Board meeting after approval of Form-1A
3. Hold a Board meeting for passing following resolutions:
a. Change of name of the company
b. Alteration of Name Clause of MOA of the Company
c. Alteration of Name clause of AOA
d. Alteration of object clause of by insertion of new main object of MOA
e. Fixing date time place for general meeting for approving the above resolution by shareholders.
f. approval of draft notice of general meeting.
g. Authorisation for filing forms with MCA.
4. Hold a general meeting for passing above resolutions.
5. File Form-23 with MCA with in 30 days from passing of shareholders resolutions.
6. File Form-1B with ROC
7. Get certificate from ROC for change of name and object clause of the company

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