Alteration of name clause. Procedure 2022-10-23

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Process Of Alteration In Name Of Company

alteration of name clause

Regards Dr Alkesh Hello Mr. Any change that is made without following the procedure laid down by law is illegal and void. The liability of the members is restricted to the shares held by them. Also, the number of shares of each sort and their face value is specified in the capital clause. Hubungi kami melalui email untuk berdiskusi dengan kami: redaksi datapolis. As per Section- 146. This is dramatically changing the way people work.

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ALTERATION IN NAME CLAUSE OF MEMORANDUM OF ASSOCIATION AS PER COMPANIES ACT, 2013

alteration of name clause

When can an MOA be amended? Section 13 of the Companies Act, 2013 governs the alteration of the name clause. Minutes of General Meeting Issue New Certificate of Incorporation Once the ROC Registrar of Companies is satisfied with all the documents provided by the Company, ROC will issue a new Certificate of Incorporation in form no. But if any word in name reflecting any business activity that should be companies objects only. STEP-VII: Filing of form with ROC: Section 117 A. Therefore, it has the right to sue others and the right to be sued by others. The main documents of the company are the Memorandum of Association i. FOR EASE OF DOING BUSINESS UNDER CURRENT COVID SITUATION The outbreak of the Covid-19 pandemic has led to a sudden shift in the dynamics of conducting business.

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Alteration in Object and Name Clause of MOA & AOA

alteration of name clause

In Archer Structures Ltd v. The Central Government may consult the Registrar of Trade Marks before declaring a name to be undesirable. A special resolution is to be passed therefore EGM Extraordinary General Meeting has to be conducted where a resolution needs to be passed that the Company is into a change of name. If a company is deciding to change its name then, it leads to the Alteration of Name Clause in the Memorandum of Association. Is there any form through which name can be applied consolidate like in SPICe form. Authorizing a Company Secretary or Director to file the documents related to name approval whether available or not. Reply: Prior to the Companies Incorporation Third Amendment Rules, 2016 dated 27 th July, 2016; there was no clarity on this point.

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Alteration Clauses

alteration of name clause

So thinking about the current circumstance. A few organizations are might be less influenced, some are decently influenced however a few organizations are seriously influenced by this pandemic. Then Leave of absence is Granted or Not. File MGT-14 within 30 days of passing the special resolution. If a customer is having issues with our service delivery process, he has various alternatives available at his disposal to register his grievance with us.


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Alteration of Name Clause Archives

alteration of name clause

FAQS related to Change of Name Clause of the Company 1. It can be applied through the online web service RUN. The name of the company is a symbol of its independent corporate existence. After approval of name up to what time name shall be available to use? She has proficiency in the drafting of documents. Important Points for Change of Name Clause of the Company i. The prior approval from the concerned authority should be attached in Form INC-24. It is distinct from its directors.

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Process of alteration in name of the company

alteration of name clause

No, an MOA is an extremely important document. Name shall be reserved for 60 days from the date of approval of name. It must require having a name of its own to establish its Separate identity. No, you cannot amend the liability clause of your company to make the liability of the members of your company unlimited. All clauses of Memorandum except Capital clause can be altered by following the provisions of Section 13 of Companies Act, 2013 by passing special resolution. CS Madhavi Singh Rajawat is a commerce graduate from IIS University, Jaipur and an associate member of Institute of Company Secretaries of India.


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Alteration in Object and Name Clause of MOA & AOA

alteration of name clause

The shareholders will vote on a special motion to approve the Alteration of MOA at the EGM. Hence, The Customer shall not be liable to claim the refund in the above-mentioned situation. Copy of Board Resolution. This is drastically changing the manner in which individuals work. The company may adopt any suitable name provided it is not undesirable. Whether it is mandatory that name should reflect the Objects of the Company? However, this is command under section 173. Kirloskar Dimensions P Ltd, 1999 96 Comp Cases 726 Kant case, an injunction was not allowed to prevent the use of ancestral name Kirloskar.

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Procedure

alteration of name clause

Object Clauses is the Clause which determines the purpose and range of activities of a Company which it can undertake during its life time. All 6 clauses of the MOA of a company can be changed merely by passing Special Resolution. No change can be made to it without following the procedure laid down by The Companies Act, 2013. A notice to be served 7 days prior to conduct the Board Meeting and in that notice, we specify what resolution needs to be passed. Particulars Amount in Rs. It ensures the shareholders that other business will not risk their company. Section 13 of Companies Act 2013 regulates the process of amendment in Memorandum of Association is applicable to all companies.

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Change of Name Clause of the Company

alteration of name clause

At Corpseed, We believe it is our responsibility to protect our customer information from unauthorized access. All the forms that are required for the alteration of MOA are available on the MCA website. Bypassing a special resolution, which is to file with the Registrar within 30 days, the liability clause can make limitless. At Corpseed, our valued customers are always kept in the loop as far as service delivery timeline is concerned and we inform our customers every time a milestone is achieved during each stage of service request processing. Once the new MOA has been registered with the ROC, it comes into force. A Company in order to expand after incorporation of a Company may change the object clause.

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