Share & derivatives trading
This query is : Resolved
07 September 2012
A pvt ltd Company wants to change its primary object to derivatives trading. What are the regulations to be seen for the same?
Pls want detail with reference to regulations.
what are the regulations on rbi, sebi & any other for carrying derivatives trading after changing the main object?
Pls want detail with reference to regulations.
what are the regulations on rbi, sebi & any other for carrying derivatives trading after changing the main object?
07 September 2012
Hi,
Please note for change in objects clause, ROC insist that the name should be also changed as the name should be reflective of the activity. Similarly, whenyou go for name change, they also seek to change the objects. The entire object clauses could be changed or new clauses could be added
For change in objects, the following are the steps if the new objects do not upset your name
1. Hold Board meeting for approval of changed object and for notice for holding AGM and authorise one director or secretary to deal with RoC in this regard
2. Hold the general meeting and pass the special resolution
3. File form 23 with ROC with amended MoA
4. Get the form registered and get a certificate for registration
In case change in activity also results in name change, then first you apply for avaiability in form 1A and after taking the name availability, you can pass the name change resolution as well as object clause amendment resolution and then on file form 23
For change in name generally the file goes to the ROC himself in most RoC offices. Your previous
filing should be upto date and generally opportunity is taken to scrutinize the file.
I am not giving you the resolutions which others may do for you.
For change of registered office within the same city, you need to pass board resolution and file form 18 with ROC and get it registered.
Please note for change in objects clause, ROC insist that the name should be also changed as the name should be reflective of the activity. Similarly, whenyou go for name change, they also seek to change the objects. The entire object clauses could be changed or new clauses could be added
For change in objects, the following are the steps if the new objects do not upset your name
1. Hold Board meeting for approval of changed object and for notice for holding AGM and authorise one director or secretary to deal with RoC in this regard
2. Hold the general meeting and pass the special resolution
3. File form 23 with ROC with amended MoA
4. Get the form registered and get a certificate for registration
In case change in activity also results in name change, then first you apply for avaiability in form 1A and after taking the name availability, you can pass the name change resolution as well as object clause amendment resolution and then on file form 23
For change in name generally the file goes to the ROC himself in most RoC offices. Your previous
filing should be upto date and generally opportunity is taken to scrutinize the file.
I am not giving you the resolutions which others may do for you.
For change of registered office within the same city, you need to pass board resolution and file form 18 with ROC and get it registered.
07 September 2012
pass the appropriate ressolution for changing the Main Object of the company.
then file the form 23 ( fill the point no. 7 carefully) and attache the copy of the notice, ressolution , and also the altered MOA
then file the form 23 ( fill the point no. 7 carefully) and attache the copy of the notice, ressolution , and also the altered MOA
07 September 2012
what are the regulations on rbi, sebi & any other for carrying derivatives trading after changing the main object?
07 September 2012
No Such Regulation on Trading.
Only AS - 30/31/32 Need to be Followed.
Only AS - 30/31/32 Need to be Followed.
07 September 2012
AS 30 that is for accounting purpose. what is the eligible criteria by rbi & sebi; i.e whether a pvt ltd company can do so without any approval or any conditions or limits to be complied on?
07 September 2012
As per My Knowledge, No Such Conditions are Put by RBI/SEBI.
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