Commencement of a new activity by a private company

Dear Shilpa,

I dont think there is a specific provision requiring the change of name....but yes there is a provision which says that if the name is changed  then 50% of the income should come from the activity suggested by the new name

- Ankit

Sorry Shilpa, the 50% condition will not apply since yours is a private company

To the extent i know

1. The company change their name its own

2. if there is any simmillarity in name, interpretation and pronounciation matching with any other company then the company have to change their name.

Yes there condition that in case of change in object the company should have to inform ROC within prescribed time frame. with prescribed form.

yah i got ur problem solution

Yes there is special cndition in name indication of business ---

If the Company’s main business is finance, housing finance, chit fund, leasing,

Dear Shilpa,

You are correct at ur point you have to change the name of the company to reflect the main object of the company in name.

First of all you have to call board meeting and pass resolution for

-to change in object and name

-to call General Meeting

-to authorised the director to digitally sign the e-forms.

after that you have to file form-1A

after confirmation of name call GM and pass the SR or OR as the case may be.

Then file form 23 and Form1B.

Hope it will hepl you.

Feel free to ask further query.

Thanks & Regards-

CS VIKASH GUPTA
VIKASH GUPTA & CO.

Thanks to all...

Now it is clear that since  "X Portfolio Private Limited " wants to carry out two diversified activities;

First : Dealing in Shares

Second: Real Estate Activity

And in the MOA of the Company  a) Main Object : Dealing in Shares

                                                    b) Anciliary Object : Objects to carry out the Main Activity

                                                    c) Other Objects : Any activity 

So to start the "Real Estate Activity" I need to alter the MOA  of Company by passing SR (Form-23) then I can include the said activity in other objects.

Thereafter, the Company can pass BR and carry out  any activity specified in the other objects of the MOA.

With regards

Shilpa