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CHANGES & CORRECTIONS
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Bharat Inc., CHANGES & CORRECTIONS
Add or Removal of Director or Change patner
Directors are key persons who manages the company. They are management of company who looks after operations and administration. The Change in Director of Company happened due to resignation of director or appointment of director. Appointment or removal of directors is done through shareholder of company. Minimum two directors are required under Private Limited company and Three under Public Limited Company. Companies Act does not require any mandatory educational capabilities to appoint or remove director. Article recommends procedure for change Director of company. Only Individual can be appointed as director in company, Company must have one resident director. We can help in necessary legal filing to add or remove a director from company.
SKU: EBOLQ246 -
Bharat Inc., CHANGES & CORRECTIONS
Alteration Of MOA and AOA
The Memorandum of Association MOA is an important document of a Private Limited Company in certain Jurisdictions. It contains the Article of Association (AOA) as the company’s internal constitution for regulating the business operation.
It shows the company’s initial capital and the ‘object clause’ which lets the shareholders, creditors, and those dealing with the company know about what is the limit of range of operation. While incorporating a company, the memorandum is mandatory to be filed with the Registrar.
SKU: EB384IY3 -
Bharat Inc., CHANGES & CORRECTIONS
Company Name Change
Description: Changing company names amounts to a significant alteration since Memorandum of Association and Articles of Association need to be altered. As per Section 13 of the Companies Act 2013, a company may change its name by passing a special resolution in general meeting and receiving approval from the Central Government.
SKU: EBSCON8M -
Bharat Inc., CHANGES & CORRECTIONS
Company Registered Address Change
Any business entity being registered under the Ministry of Corporate Affairs (MCA) and Registrars of Companies (ROC) can Change / Alter its registered workplace. This process is known as the Registered Office Change.
Every company that has shifted registered office must give notice to Ministry within 30 days of such change. However, a special resolution is needed in the case the registered office has been shifted to another city in the same state. In the case where a registered office has been shifted from one state to another, the Company has to complete certain formalities. It must then give a newspaper advertisement and also a notice to the State Government and obtain NOC.
SKU: EBCCEZC6 -
Bharat Inc., CHANGES & CORRECTIONS
Increase Authorized Capital:
According to Section 2 (8) of the Companies Act, 2013 “Authorized Capital” is the capital that is authorized by the memorandum of the company to be the maximum amount of the share capital of the company.
The company can expand its business to the level of the authorized capital. In case the company has to expand the business infusing more funds than at first, the company has to increase the authorized capital by following the steps that are mentioned in this article.
SKU: EB87S3DP -
Bharat Inc., CHANGES & CORRECTIONS
Share Transfer
Transfer of shares means handing the rights and possibly the duties of a company member voluntarily. The rights and the duties of the share transfer happen from the shareholder who is wishing to not be a member of the company anymore to a person who is willing to be a member of the company.
Thus the shares in a company are transferable like any other movable property in the absence of the expressed restrictions under the Articles of the Company.
SKU: EBO7DLYX -
Bharat Inc., CHANGES & CORRECTIONS
Winding Up A Company
Winding up of a company is the process whereby its life is ended and its Property is administered for the benefit of its members & creditors. An Administrator, called a liquidator is appointed and he takes control of the company, collects its assets, pays its debts and finally distributes any surplus among the members in accordance with their rights.
SKU: EB7BQ783
