Quick Answer: How Can The Name Clause Be Altered?

What is the most important document of a company?

The most important document in the constitution of a company is the Memorandum of Association of the company.

The Articles of Association is the second most important document that needs to be registered by any company for its incorporation, registration and subsequent operation..

How long does a company name change take?

How long does it take to Change a Company Name? Once the order is received, Patricia Holdings will prepare all documentation that day and lodge the Form 205 electronically with ASIC. It can take around 30 minutes for the name change to be registered with ASIC. The documentation then gets sent out via email and post.

Is it bad to change your business name?

While it’s unwise to change your business name just because you’re in the mood for something new, there are times when a change is in your business’s best interest.

What are the number of limitations to alteration?

Explanation: 11 is the number of limitation to alteration.

How can a company alter its name clause?

Section 13 of the Companies Act, 2013 deal with change of name which says that the name of the company can be changed by a special resolution and with the approval of the Central Government. Approval of Central Government is not required if the change relates to the addition/deletion of the words “private” to the name.

How do I change the capital clause in MOA?

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. Under Companies Act, 2013, the process of Increase in Authorize Capital is governed by Section 61 read with Section-13 and 64 of Companies Act, 2013.

How do I change the object clause in MOA?

Changing objectives of a CompanyStep 1: Pass board resolution. Pass a resolution at the board meeting to approve the object clause. … Step 2: Special resolution in EGM. … Step 3: MGT-14 to be filed with RoC. … Step 4: Issuance of fresh certificate of incorporation. … Step 5: Incorporating object clause in MoA and AoA.

Can a company change name?

It’s possible to change the name of your registered company. However, the new name must be available.

What is the importance of articles of association?

Articles of Association, the second important document of a company, contain rules, regulations and bye-laws for the internal administration of the company. The articles regulate the internal management of the company. Articles define the powers of the directors and other officers of the company.

What is capital clause in memorandum of association?

Capital Clause: This clause details the maximum capital that a company can raise which is also called the authorized/nominal capital of the company. This also explains the division of such capital amount into the number of shares of a fixed amount each.

When a company is said to be registered?

It files Memorandum of association and Articles of Association. It gets incorporation certificate with the Registrar of Companies. It gets certificate for commencement of business.

Which clause of Memorandum of Association Cannot be altered?

Alteration to the Liability Clause: The Liability clause of the memorandum cannot be altered except with the written consent of all the members of the company. By altering the liability clause, the liability of the directors of the company can be made unlimited.

How do I change my company name on Section 8?

Procedure for an alteration of MOA of a company registered under Section 8To consider and discuss any sort of alteration to the MOA a full bodyboard meeting needs to be arranged.Authorization is handed to a signatory to file in the GNL-1 form for the submission of prior approval from the ROC.

Can I change my business name with Companies House?

Register online You can use the Companies House online service to file changes of name by special resolution only.

What is CG approval?

Section and Rule Number(s) eForm CG-1 is required to be filed pursuant to the Companies Act, 2013. Purpose of the eForm A company can seek approval from Central Government by filing application under Companies Act, 2013 in eForm CG-1. eForm Number as per Companies Act, 1956 Form 65 as per Companies Act, 1956.

Can subscription clause be altered?

A Company in its life spam can’t alter the ‘Subscription Clause’ or can’t alter the ‘Subscriber Sheet’. Subscriber Sheet use at the time of Incorporation of Company shall be used for the life span of the Company.

Can MOA be changed?

Change in MOA has to be made in accordance with the provisions of Section 13 of the Companies Act, 2013. … The company is required to file special resolution passed by shareholders for the alteration of memorandum of association with the Registrar of Companies.

What are the clauses of memorandum of association?

Main Clauses of Memorandum of AssociationName Clause. This particular clause states the proposed name of the limited liability company. … Registered Office Clause. This clause lists of the locations where the company operates and can be located. … Objective or Objects Clause. … Liability Clause. … Capital Clause. … Association Clause.

What is a name clause?

Name Clause: A Company is a legal entity. So, it must have a name to establish its identity. Name Clause in the Memorandum of Association confers protection against subsequent company registration in the same or closely similar name.

How do you change the clause in the memorandum of association?

1. Alteration of Name Clause in Memorandum of Association. A company may by passing a special resolution alter is name with the approval of the Central Government. If the alteration involves change of the name to private limited or public limited, permission of Central Government is not required.

How do you change an object clause?

Step 1: First call a board meeting for approval of change in object clause. The agenda of the board meeting will be to approve the change in object clause and to call an EGM to get the shareholder’s approval for change in object clause. The board meeting should be called by giving at least 7 days notice.