Yes, here is a list of compliance to be followed post receiving INC 25 for change of name of a company:
Update the PAN card: After receiving the Certificate of Incorporation (INC 25) with the new name, the company must update its PAN card with the new name within 30 days.
Update the GST registration: If the company is registered under GST, it must update its GST registration with the new name within 30 days.
Update other registrations: The company must update all other registrations, licenses, and permits with the new name, including registrations with the Shops and Establishment Act, Professional Tax, Import-Export Code, etc.
Update bank accounts: The company must inform its bank about the name change and update its bank accounts accordingly.
Update statutory registers and records: The company must update its statutory registers and records, including the register of members, register of directors, and minutes of meetings, with the new name.
Update website and email addresses: The company must update its website and email addresses with the new name.
Issue new share certificates: If the company has issued share certificates, it must issue new share certificates with the new name within 3 months.
Update stationery and seals: The company must update its stationery, seals, and stamps with the new name.
Inform stakeholders: The company must inform its stakeholders, including customers, vendors, and creditors, about the name change.
File necessary forms with ROC: The company must file the necessary forms with the Registrar of Companies (ROC) to update its name in its official records. The forms that need to be filed include Form DIR-12, Form MGT-14, and Form INC-22 for changing the name of the company in its registered office address.
It is important to note that the timelines for complying with the above requirements may vary depending on the specific circumstances
An illiterate person wants to become a subscriber, how can he sign as a subscriber to the Memorandum of Association?Click here to view / answer Share it on
As per sub-section (1) of section 101 of Companies Act, 2013, a company can call a general meeting by giving notice of twenty one clear working days notice either in writing or through electronic mode. Refer to Notification No. GSR 464(E) dated 5-6-2015 (Exemption to Private Company), in case of private companies, Section 101 shall apply unless otherwise specified in respective sections or the articles of association of the company provide otherwise. so private limited company can hold a general meeting by giving notice of less than 21 days if the articles of the private company so provides ?Click here to view / answer Share it on
Share the draft formats for ESOP - employee investment in the company.
And also need a clarification that, should it required to take share valuation report from registered valuer and Income tax merchant Bank both or how?
I have seen , Many company are showing their website on letter head but not doing the compliances related disclosures on website which is mandatory such as :
Website address on all its official publications like business letter heads, billheads, and notices and other documents etc.
-The notice of “Change of objects for which money is raised through prospectus” under Rule 32 shall be published on the website;
-Details of Annual Return; (Important to note generally applicable on Companies )
-Details of Vigil Mechanism;
-CSR and Company’s policy on director’s appointment and remuneration;
-Terms and Conditions of the Independent Director;
-Closure of register of members or debenture holders;
-Notice of General Meeting including AGM;(Important to note generally applicable on Companies )
-Notice of Voting through electronic means;
-Notice of Postal Ballot;
-Special Notice, if any;
-Striking Off of the name of the company details; (Important to note generally applicable on Companies )
-Unpaid Dividend Details;
-Invitation of Deposits;
-Resignation of Director details, if any. (Important to note generally applicable on Companies )
As per Section 450 of the Companies Act of 2013, the penalty for non-compliance by the company or any officer of the company who defaults to any of the Act’s provisions will be Rs 10,000.
For continuing contravention, it will be a further fine of Rs 1,000 for every day of default. This will apply to the default of non-disclosure, a company must take care of publishing all relevant information on the website.
Can anyone suggest if any company having website but not active or able to control like no full time IT Professional for assisting website, then in that case also its applicable ?
we know that Annual return on Foreign Liabilities and Assets has been notified under FEMA 1999 and it is required to be submitted by all the India resident companies which have received FDI and/ or made overseas investment in any of the previous year(s), including current year by July 15 every year. Non-filing of the return before due date will be treated as a violation of FEMA and penalty clause may be invoked for violation of FEMA.
The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e. who holds foreign Assets or Liabilities in their Balance Sheets.
Earlier we had to file in Excel based FLA return and that should be sent by email by 15 July. Any other attachment should not be forwarded along with the FLA return but now its totally online and need to file through flair Portal RBI;
The format is available on https://flair.rbi.org.in However, the format and email-based reporting system has been replaced by the web-based formats for submission of annual FLA return from June 2019 (i.e., reporting from the 2018-19 round of FLA). In this web-based reporting system of FLA, entities first need to create business-user through “Entity-User Registration form”.
But someone having, Share the Word / Excel file of FLA Return format, so that the relevant data or details can be obtained from the Company before filing the final return at FLAIR Portal.
KMP of holding company be appointed in only one subsidiary or in all subsidiaries of holding company at the same time please clear.Click here to view / answer Share it on
Company Secretary Required to attend all Board Meetings, Committee and General Meetings of the Companies ?Click here to view / answer Share it on
If any group Company (private limited company) wants to give or provide corporate guarantee and equitable mortgage of its property in favour of its holding public limited company, is it possible to give the same.
What if both the companies are private limited companies and what are the compliances need to be done ?
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