CHANGE BUSINESS OBJECTIVE

Change Objective Of Company

As the name suggests, the name clause refers to the name of the company whereas the object clause refers to the company’s objectives disclosed in the “Memorandum of Association” drafted at the time of incorporation of the company. The change in the name of a company is possible through the assent of Directors and members of the company under the new Companies Act, 2013.Every alteration in the main object clause of Memorandum of Association must be duly documented and filed with the Registrar of Companies of the concerned state.Approval for the alteration of main object clause of memorandum in the board meeting by board of directors is also significant. Thus, date, time and venue needs to be fixed according for convening General Meeting to obtain the approval.

Every Private Limited Company, after its registration has to follow basic mandatory compliance as per the Companies Act, 2013. For various events, lot of filing is required to be undertaken with Registrar of Companies. Some of the compliances are event based whereas other compliances are periodic. Team of Startup Setup will maintain your company law compliance hassle free at reasonable package. A team of expert secretarial will maintain fulfill compliance part.

Highlights

Holding Meetings under Companies Act 2013

The First meeting of the Board of Directors of a Private Limited Company shall be conducted within 30 days from the date of Incorporation of company. Every company shall maintain minutes of all processing’s of every general meeting. The meetings need to be noted and the signed minutes need to be maintained at the Registered Office.

Annual Filings

Private Limited Companies are required to file its Annual Accounts and Returns disclosing details of its shareholders, directors, financial statements, shareholding patterns etc., to the Registrar of Companies. Such compliances are required to be made once in a year. Non non filing of return penalty may attract to company.


Maintenance of Statutory Registers and Records

A Private Limited Company has to maintain various statutory registers and records as required by the Company law such as Register of shares, Register of Members, Register of Directors , Resolutions by Board of Directors, Minutes of the Board Meetings and Annual General Meeting etc. are also required to be preserved by the Company.

Annual General Meeting

Every Private Limited Company is required to hold a meeting of its shareholders once in every year within a period of six months from the date of closing of the financial year.The primary agenda of an AGM includes approval of financial statements, declaration of dividends, appointment or re-appointment of auditors, appointment and remuneration of directors etc.

Event Based Filings

In the course of business some of time based events may occur for which e filing need to done for change in Authorized capital of CompanyGiving Loan to DirectorsAppointment or change of Statutory Auditor of Company, Change in AOA or MOA ,Change in registered Office ,Appointment or Removal of directorAppointment of secretory / Cost Auditor.

Compliance by Director

Every director has to disclose about his directorship in other companies every year. The same need to be done in specified format as prescribed.Such records are to be kept at the registered office of the company and shall be open for inspection to its members during business hours.

FAQs

What ROC compliance are mandatory to Company?

All the Companies incorporated are mandatory required to file various forms, returns and documents with the Registrar of Companies (ROC) in an electronic mode within the prescribed time along with the prescribed fees.

What is Annual Filing?

At the end of each financial year, all Private Limited Companies/Public Limited companies have to close their accounts and conduct audit. After completing the audit an Annual General Meeting has to be conducted to pass the audited Balance sheet and P&L account with Auditors Report. This Balance sheet and other financials of the company have to be filed with Registrar of Companies

What are the various ROC Compliances Companies have to do?

Companies have to Comply with ROC by filing various return, forms and documents and these could be characterized in two heads.

  • Annual compliance filing – Compliances which are required to be made once in a year by all the companies incorporated under the Companies Act, 2013
  • Other Compliance filing – ROC filing for Event based activity.

What are the various events in which compliance with ROC is required

Given below is the list of few events in which compliance with ROC is required:

  • Change in composition of the Board of Directors.
  • Alteration of memorandum and articles of association of the company.
  • Amalgamation of the Company with other company.
  • Allotment of new shares / transfer of shares / invitation to subscribe for shares.
  • Change in Authorized / Paid up Capital of the Company.
  • Change in Registered office of Company

What are the requirements to be a Director?

There are no limitations in terms of citizenship or residency to be a director. But the person should be 18 or above 18 years of age.

There are no limitations in terms of citizenship or residency to be a director. But the person should be 18 or above 18 years of age.

Identity Proof, Address Proof, signed affidavit and a Digital Signature (DSC) are required to get DIN.

What is the procedure for adding a director?

A new Director can be added to the Board of Director by passing an ordinary resolution in an Annual General Meeting or an Extraordinary General Meeting. Ordinary resolutions can be passed by a simple majority.

Process Flow

Calling a Board meeting


Our expert team will prepare minutes of Board meeting as required for the removal of the Director






1 Day


Intimate the Director


Our expert team will prepare documents as required  for intimation to be given to the Director to be removed





1 Day


Documents prepared


Our team shall prepare such documents as required to take appropriate actions for adding or removal of a director.





1 Day


E Filing

 
Our expert team will file various e-forms like DIR 12 to give effect to the same.





1 Day






Services Offering

We at Startup Setup focus on helping clients design and build Tomorrow’s organization. We provide real world solutions to complex business issues through, company formation, taxation advice, compliances, out sourced accounting etc.with expert team.

Starting Business

Our experienced team of professional and help you in deciding and incorporating Private Limited, LLP, One Person Company, proprietary firm and other business entities. We advise on complete one roof services for business registrations.

Taxation Consultancy

We are a team of expert’s offering Business Taxation Services in direct and indirect taxation to the manufacturers, Traders, Dealers and service providers of the industry for all taxation in India. Effective tax planning helps to reduce pricing.

Corporate Compliance

Indian companies and LLP are require do comply with various statutory provisions by filling return with MCA. Our teams helps for timely filling of compliance. Timely filling of returns avoid late filling penalty.

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