Overtake of company

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Ramkrishna (Querist)
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07 January 2013 which documents is to be colleted from past management of companies in case of overtake? does all sale bill & purchase biil with vocuhers of cash ,journal of past activities is to be take from them?
thanks

Ajay Mishra

Ajay Mishra (Expert)
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07 January 2013 Hi

For taking over company following points should be kept in mind:

Sr. No Events
1 Obtain Certificate of Incorporation from company
2 Obtain Copy of MOA/AOA
3 PAN of the Company
4 Statutory Registers of the Company
5 Stamps and Common Seal of the Company
6 Minutes Book of the Company
7 All forms filed with ROC and other Authorities
8 Original copy of Balance Sheet & Profit and Loss A/c filed with ROC
9 Certificate from Statutory Auditor for continu/resign from the Company
10 Original Share Certificate to be issued to shareholders of the company
11 Details of Bank Account operated by company
12 Service Tax or Sales Tax Registration documents
13 Details of website address run by company and its ID
14 Letter Head, lease deed, charge documents

Ajay Mishra

Ajay Mishra (Expert)
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07 January 2013 Following steps required after taking over of Company:-

Sr. No Events
1 Resignation letter from present director
2 Appoint new directors
3 Transfer of shares of the promoters/director/shareholders to our shareholders
4 Change of Registered Address of the Company
5 File form-32 and 18 with concerned ROC for effecting changes
6 Change of Bank Signatory
7 Appointment of new Auditor's
8 Make necessary changes, if any

Ramkrishna

Ramkrishna (Querist)
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07 January 2013 thanks.. what abt sales bill, purchase bill and other vouchers?

Ajay Mishra

Ajay Mishra (Expert)
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07 January 2013 it will applicable if it is manufacturing and trading company and payment is due from parties.

Ramkrishna

Ramkrishna (Querist)
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07 January 2013 But if the overatking mngmt. is not taking the working capital part i.e. c.a. and c.l.then? if the co. is 5 years old then who will be in possession of the past 5 year sale bill n others

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