What is the meaning of local limits in the companies act
This query is : Resolved
30 November 2011
Dear Sir,
What do you mean by Local Limits as mentioned in the Companies Act, 1956,
Because I want to change the Registered office of a company which had its registered office in Kalyan and now want to change in Thane? So is it within the Local limits So as to pass special resolutioin or not????
What do you mean by Local Limits as mentioned in the Companies Act, 1956,
Because I want to change the Registered office of a company which had its registered office in Kalyan and now want to change in Thane? So is it within the Local limits So as to pass special resolutioin or not????
30 November 2011
It has been clarified by the Department of Company Affairs vide Circular No. 19, dated 26-6-1972 that where as a result of rapid urbanisation the local limits expand, the term "local limits" referred to above should be taken to mean both the "local limits" and the "postal limits" and where the two do not coincide the wider of the two. Furthermore, Hyderabad and Secunderabad shall be considered as the same place.
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