Change of Name?
This query is : Resolved
01 October 2010
A company in its Extra Ordinary General meeting held on 01st September, 2010 passed a resolution for change in name. The accounts of the company were finalised on 04th September, 2010.
So in the financial statements of the company being signed whether the new name should be used or the old name should be used as approval from ROC for change of name has not been received by the company at the time of signing the financial statements though the relevant forms were filed by 3rd September, 2010?
So in the financial statements of the company being signed whether the new name should be used or the old name should be used as approval from ROC for change of name has not been received by the company at the time of signing the financial statements though the relevant forms were filed by 3rd September, 2010?
01 October 2010
Adi bhai plz follow up with ROC bcoz itna time to nahi lagta name approval main.
However without new COI from ROC you can not use the new name. So you have two choices:
1. Hold the ROC filings until name approval from ROC. After approval use the new name this way:
ABC private Limited (Formerly known as XYZ Private Limited)
2. Finish all your filing now with the old name bcoz today you do not have roc approval and u r allowed to use old name.
Hope am not missing any point.
However without new COI from ROC you can not use the new name. So you have two choices:
1. Hold the ROC filings until name approval from ROC. After approval use the new name this way:
ABC private Limited (Formerly known as XYZ Private Limited)
2. Finish all your filing now with the old name bcoz today you do not have roc approval and u r allowed to use old name.
Hope am not missing any point.
Message likes :
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01 October 2010
Actaully Sir this is conversion of a public limited company to a private limited company.
While signing the balance sheet old name was used i. e. XYZ Ltd. and the financials were signed on 04th September. Just a reference was given in the directors report and notes to accounts for the resolution passed in the EOGM.
But i thought it is wrong and hence was confirming the same what should have been done. So what has been seems to be correct by your response.
Thanks for your help.
While signing the balance sheet old name was used i. e. XYZ Ltd. and the financials were signed on 04th September. Just a reference was given in the directors report and notes to accounts for the resolution passed in the EOGM.
But i thought it is wrong and hence was confirming the same what should have been done. So what has been seems to be correct by your response.
Thanks for your help.
01 October 2010
Choose option 2 and complete your filing before ROC approval with old name to avoid future complications.
Further you suggest what should be done or what is your idea?
Further you suggest what should be done or what is your idea?
01 October 2010
I thought resolution passed so the new name should have been used while signing the financials so was confused and so posted this. Now resolved. Old name to be used.
17 December 2010
Till what time the company has to use the words "formerly known as"
Request experts to please provide some insight.
Request experts to please provide some insight.
17 December 2010
Till Next balance sheet is finalised.
17 December 2010
Request you to please provide relevant section/clause/notification
17 December 2010
There is no section as such but generally followed trend by all companies.
17 December 2010
Which means that is no legal need to mention formerly known as ...
U Agree
U Agree
17 December 2010
Since the new name is not yet approved the financial statements will bear the old name only.
Just your passing of resolution is not sufficient, the new name has to be approved by ROC and also a new coi has to be issued. Till then all your documents will bear the old name only.
Just your passing of resolution is not sufficient, the new name has to be approved by ROC and also a new coi has to be issued. Till then all your documents will bear the old name only.
05 August 2011
dear sir, i have filed my annual return of 2009-2010 in roc with profit & loss account and balance sheet etc. but the problem is that for converting in pdf i copies balance sheet at page with profit or loss account. but at some places where i have put the formulas in balance sheet , it display 0 , the same balance sheet i have filed in roc, please suggest me to resolve this, if i can change the filed documents, then how . please response , its urgent.
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