Company Incorporation Querry

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We have filed Form 1A for a private Company with two persons as promoters and it got approved.

Now, it is not possible for one of the promoter to continue with the incorporation of proposed Company.

And another person is ready to act as second promoter.

So what can be done now for further filing of Form 1, 18 and 32?

Will form 1,18,32 will get approved with another promoter?

Is there any other way than to file 1A again? Becuase we want the same name for the proposed Company. And even if we file 1A again, we will not get the same name till the period of 60 days gets over for earlier Form 1A.

We can not wait for so many days to incorporate the proposed Company.

What Can Be Done Now?

Please Guide Us.

 

Replies (3)

If it is not possible for one of the promoter to continue with the incorporation of proposed Company, another person can replace him/her. For this the former person will have to give a no-objection letter, the format of which may be like this. This is to be attached while filing Form 1:

 

 

X

                  (Address)

 

 

 

 

 

 

To Whom So Ever It May Concern:

 

                                         NO OBJECTION CERTIFICATE

 

 

I, X, S/o Mr. Y, resident of (Address) do hereby affirm that I was one of the Promoter /Subscriber of M/s Z  PVT. LIMITED (Under Incorporation). The Circumstances is such that I may not be able to subscribe for the shares of the Company hence someone else will replace me as a Promoter/ Subscriber for the company under incorporation.

 

I declare that I have no objection in being replaced by someone else as a subscriber for the aforesaid company.

 

 

 

Dated                                                                                                                       (X)

 

 

U can file form 1,18 nd 32 after taking NOC from director in whose place he is appointed.

u attach NOC certificate with form 1

 plz correct me if  i m wrong

yeah... even i did the same for one of the group company...  just take the NOC from the person and attach this NOC with form 1 and upload the forms 1, 18, 32 for incorporation of Company

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