Name of a company gives the brand and the goodwill to the business. It can be changed by the management at any time after Incorporation. The process of change of name of any company or Limited Liability Partnership mandates as approval from Ministry of Corporate Affairs of India.
REASONS FOR NAME CHANGE
Change in Business Plans
Change in Promoters
Developing the Brands
A new start for a better business
Acculegal is the leading business services platform in India, offering a variety of services like company name change, trademark registration, GST registration, LLP registration and more. Acculegal can help you file for change of company or LLP name in India. The average time taken to complete a company name change is about 90 working days, subject to government processing time and client document submission. Get a free consultation on company or LLP name change by scheduling an appointment with an Acculegal Advisor.
Every company shall have a registered office capable of receiving and acknowledging all communications and notices. Such registered office is the principal place of business for that company. The change in registered office of a company can be done within the limits of city, within the same state but different ROC, within the same state and same ROC, or out of state.
REASONS FOR ADDRESS CHANGE
Shift in preferred location
Change in laws applicable
A better scope of growth in a different place
Various practical aspects are to be considered in mind whenever there is a change in registered office of a company.
We, the team of Acculegal are here to help you out with all the minute steps involved in shifting of registered office.
Every problem has a solution, indeed.
ADDITION / REMOVAL OF DIRECTORS
Directors of a company are individuals that are elected as the representatives of the stockholders to establish corporate management related policies. The success of the company depends, to a very large extent, upon the competence and integrity of its directors. As the company’s agents, they can bind the company with valid contracts entered into with third-parties such as buyers, lenders, and suppliers. They are the trustees for the firm and whether appointed validly or not, they are individually and collectively liable. It is, therefore, necessary that management of companies should be in proper hands.
The appointment of directors is accordingly strictly regulated by the act. There are now special provisions for preventing management by undesirable persons.
TYPES OF DIRECTORS
Non Executive Directors
INCREASE AUTHORIZED SHARE CAPITAL
The authorized capital of a Company determines the number of shares a Company can issue to its shareholders. An increase in authorized capital might be required for issuing new shares and/or inducting more capital into the Company. Our professional can help you with respect to the filing and issuing of share with respect to the increase in authorized share capital of the Company.
In relation to a company, it is the amount mentioned in the capital clause of the Memorandum of Association of the company. Upto this amount the company can raise capital. If the company wants more capital then the capital clause has to be amended by the members by passing a special resolution at a meeting.
Dedication starts a Business; Discipline runs it.
Acculegal provides an expert service for all aspects of share capital for private and public companies including issuing and transferring shares, share transfer provisions, setting up different classes of shares, converting shares from one class to another, consolidating and sub-dividing shares, companies buying their own shares and reductions of capital.
WINDING UP OF COMPANY
A private limited company is an artificial judicial person and requires various compliances like appointment of Auditor, regular filing of income tax return, annual return filing and more. Failing to maintain compliance for a Company could result in fines and/or debarment of the Directors from incorporating another Company. Therefore, if a private limited company has become inactive and there are no transactions in the company, then it is best to wind up the Company. To enable inactive private limited companies to quickly close or wind up, the Ministry of Corporate Affairs has introduced Fast Track Exit Mode - an easier way to close inactive companies at a cheaper cost with lesser formalities. A defunct company which has not carried out any business activity or operations for last one year or since incorporation and having NIL assets & liability can apply for stricking-off of name under the Fast Track Exit Mode. Acculegal can help you wind up your Company quickly and easily.
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