I want to Increase authorized capital & paid up capital of a private limited co. from Rs. 10 Lakh to Rs. 20 Lakh. Please suggest me what forms I required to file in ROC
21 November 2014
INCREASE OF AUTHORISED SHARE CAPITAL AND CONSEQUENTIAL AMENDEMENT IN MEMORANDUM OF ASSOCIATION – ORDINARY RESOLUTION:
“RESOLVED THAT pursuant to the provisions of Section 61, 64 and other applicable provisions, if any, of the Companies Act, 2013 (including any statutory enactment, modification thereof) & Companies (Share Capital and Debentures) Rules, 2014 framed there under, the consent of the members of the company be and is hereby granted for increase in the Authorised Share Capital of the Company from Rs. ___________/- (Rupees _________) divided into ______________ (_____________) Equity Shares of Rs. 10/- (Rupees Ten) each to Rs. _____________/- (Rupees ___________) divided into _______________ (_______________) Equity Shares of Rs. 10/- (Rupees Ten) each.
RESOLVED FURTHER THAT the Memorandum of Association of the Company be and is hereby altered by substituting the existing Clause V (a) thereof by the following new Clause V (a):
“V (a) The Authorised Share Capital of the Company is Rs. ______________/- (Rupees ________________) divided into ____________________ (_______________) Equity Shares of Rs. 10/- (Rupees Ten) each.
RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, the Board of Directors of the Company be and is hereby authorized to do all such acts, deeds, matters and things and execute all such deeds, documents, instruments and writings as it may in its absolute discretion deemed necessary or expedient and to settle any question that may arise in regard thereto.”
Can any one suggest me to write an object of a company in INC-1 form who has deal in transfer of money from one state to another state for meeting the customers need.
Please also help me to choose the significance of key or coined word.
31 July 2024
When drafting the object clause for a company involved in transferring money between states, you should ensure that it clearly outlines the business activities related to money transfer and any ancillary services. Here’s a sample draft for the object clause:
### Draft Object Clause for INC-1 Form
**Main Object:**
1. **To carry on the business of transferring and remitting money from one state to another within India, including but not limited to the provision of electronic money transfer services, money exchange services, and related financial services to meet the needs of customers.**
**Ancillary Objects:**
2. **To undertake and execute all types of financial and related services, including but not limited to payment processing, bill payments, and financial consultancy to facilitate smooth and efficient transfer and management of funds.**
3. **To act as an agent or intermediary for the collection and payment of money, and to provide financial advice and services related to money transfer and remittance.**
4. **To engage in any other business activities incidental to or connected with the above activities or which the company may consider conducive to the attainment of its main objects.**
### Company Name Suggestions
Choosing the right company name is important for branding and clarity of the business activities. Here are some suggestions based on your options:
1. **Apna Money Services Pvt. Ltd.:** - **Pros:** Simple and straightforward, reflects a general money transfer service. - **Cons:** May be perceived as too generic.
2. **Apna Money Solutions Pvt. Ltd.:** - **Pros:** Suggests a broader range of financial solutions, not just limited to money transfer. - **Cons:** Slightly more general but could encompass various financial services.
3. **Apna Money Samadhan Services Pvt. Ltd.:** - **Pros:** The term "Samadhan" (meaning "Solution" in Hindi) adds a regional touch and suggests a problem-solving approach. - **Cons:** Might be less familiar to non-Hindi speakers, but it can add a unique cultural identity.
### Key Considerations for Name and Object Clause
- **Relevance:** Ensure the name and object clause are relevant to the services you plan to offer. The object clause should reflect the primary business activity and any ancillary services. - **Clarity:** Choose a name that is clear and easily understandable by your target audience. It should also align with the nature of your business. - **Compliance:** Verify that the name is not similar to existing company names and complies with the guidelines of the Registrar of Companies.
Based on the descriptions, **"Apna Money Solutions Pvt. Ltd."** seems like a versatile option as it implies a range of financial services, not just money transfer. However, if you want a name with a regional touch and a focus on problem-solving, **"Apna Money Samadhan Services Pvt. Ltd."** could be a good choice.
Make sure to check the availability of the names with the Ministry of Corporate Affairs (MCA) before finalizing and filing them in the INC-1 form.
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