Change of name of a finance related public company

MCA 698 views 5 replies

yashsr

2285 Points Joined April 2011

Hello,

I've trying to change the name of a public company(since its objects have changed.. the company is now a finance company). However, the status of my form is now 'required resubmission':

' As per Balance sheet for the year 2010 threre is no clearity regarding 58A. Attachment is less or incomplete hence get complete compliance and in case of the finance activities minimum capital Rs. 2 Crore required. Form should be resubmitted by 17/09/2011 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)'

Please let me know what are things that I need to comply for the same. Sex 58A is related to deposits but I don't find the link between this and sec 58A. Also, what kind of compliance certificate will I have to attach? Is is just to certify my capital which at present is in less than 2 crores?

Replies (5)

CS Bijoy

Expert

6394 Points Joined May 2011

For changing name you required to amend the MOA under section 21 and file for 1A with ROC and published notice in Newspaper having wide circulation in the country and make changes in all the stationery of the company where the name displayed........

If your form is incomplete with all attachement than file form 67 or if they shown invalid SRN than you can make a complain by clicking User Complain link on the home page and you will received the ticket number and you can see the status of the form by that number......actually this are useless the better way is to file new form or directly contact with ROC.

yashsr

2285 Points Joined April 2011

Thanks for the reply although it hasn't actually solved my entire query. What is the capital which a public company whose objects are the following required to have?

1) Project Finance

2) Portfolio Management

3) Advisory

MCA says it requires 2 crores, is this correct? This actually isn't a company which will 'finance' i.e. give loans to people.. Also, where does sec 58A come in this? Also, Chartered Accountancy compliance are they looking for?

Alternation of MOA will be after getting the name approved through Form 1A, isn't this correct?

SkDash

CS (Member) CWA (Final)

909 Points Joined February 2009

There seems to be unrelated matter in their mail. The better way will be to meet them and have clarity

GURMUKH

81 Points Joined March 2011

ROC people r thinking it is a NBFC. Minimum requirement for NBFC is 2 cr NOF. U send attachment in Form 67 on letterhead of ur Company that it is not a NBFC & the Company has not accepted any Deposits u/s 58A. This will serve ur purpose.