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Adding services to a registered pvt ltd company

sree (Finance Professional) (44 Points)

07 October 2013

Hello,

we have a registered technology pvt ltd company, Now i am interested to extend its operations to financial services, My questions is- what is the easiest way to move my xyz technologies pvt ltd to xyz pvt ltd or xyz techno financial pvt ltd.

Can you please suggest us.

Thank you in advance.

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3 Replies

Ajay Mishra (Company Secretary) (74332 Points)
Replied 07 October 2013

If you are going to enter in new sector from technology to finance sector, you will change your company name subject to change of main object.

You will also take RBI approval for doing finance business.

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Ajay Mishra (Company Secretary) (74332 Points)
Replied 07 October 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

sree (Finance Professional) (44 Points)
Replied 07 October 2013

Ajay, thanks for your response...

1. Financial services such as Nidhi and Chit fund companies doesnot require...RBI approvals correct?

2. Since we have small projects which are on going in techonology Firm, we are interested to completly shut it down but interested in adding other services as mentioned in 1.

can you please provide me additonal information.