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Change of promoter

G. Sreedhar (Tax Practitioner) (49 Points)

06 January 2015

Ccan a promoter (subscriber to the MAA) be changed or another promoter can be added to the existing promoters of an existing private limited Company. If so, what is procedure and what are the forms to be filed with ROC.

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3 Replies

hiteshjain964@gmail.com (mumbai) (59 Points)
Replied 07 January 2015

Yes old promoter can be removed by filing form 1a to roc. For appointments of new promoter u need to obtain Noc from old promoters with regards to that they don't have any problem in appointment of new promoter. And u need to form a application in form to roc stating new promoter of the company

CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) (5155 Points)
Replied 08 January 2015

At time of filing documents of incorporation with ROC, just attach NOC,in INC-7, taken from the existing promoter of the company that he does not have any objection if some other person instead of outgoing promoter will act as promoter of the company.