Procedure for change in main object of the company
This query is : Resolved
20 September 2011
Kindly elaborate the procedure and forms filed for change in main object of the pvt ltd company
20 September 2011
Dear Sushma,
Before changing the main object, you must sure that the modification is to improve your existing business or entering into new business.
For eg: Changing Object clause for Developing the existing business of Cotton Textiles or Changing Object for entering into new business i.e.textiles to IT field.
It there is no change in business activities then you can conduct an EGM and get approval from the shareholders. Then file e-Form23 along with the altered MoA. No other forms are required.
If The business activities are totally changing then you have to ensure that the profit from the new business is more than 51% then you have to change the name of the company from XYZ textiles P Ltd to XYZ computer solutions P Ltd like that.
Before changing the main object, you must sure that the modification is to improve your existing business or entering into new business.
For eg: Changing Object clause for Developing the existing business of Cotton Textiles or Changing Object for entering into new business i.e.textiles to IT field.
It there is no change in business activities then you can conduct an EGM and get approval from the shareholders. Then file e-Form23 along with the altered MoA. No other forms are required.
If The business activities are totally changing then you have to ensure that the profit from the new business is more than 51% then you have to change the name of the company from XYZ textiles P Ltd to XYZ computer solutions P Ltd like that.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Intimation under section 245
- GST input credit on commercial property
- Gift to nri relatives residing in usa
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
