14 May 2013
Can Anyone tell me the process of change in financial year & articles of a section 25 Companies ?sorry but this is 3rd time I m posting this query.
the alteration of the articles has to be done as per the procudure mentioned in section 31 only. for a section 25 co. there is no separate procedure.
yes..you may have to check the MoA and the existing AoA for the powers or restrictions mentioned on the alteration
- Ankit
Guest
Guest
(Querist)
14 May 2013
There ate few points.... 1. pursuant to the act..change in MOA requires CG approval...is it specifically for Memorandum or for Articles also.Do we have file 24A .
2. Further, there is a change in financial year pursuant to which there is a change in articles....i.e. they are adding a point to the articles also.What is the procedure for aligning this fy change with the change in articles.
3) while I was surfing ...I got a pdf of a lience which mentions that the company will take permission of CG when it changes memo or articles. still the question is will I have to take permission of CG with following Section 31.
As per the license issued u/s 25, for every amendment, the approval of the RD is to be taken. RD is functioning under MCA and thus under CG only
Guest
Guest
(Querist)
14 May 2013
Ok..let me point out the procedure to be followed...please corect me if wrong: 1) Call a BM 2) Propose BR for change of Financial year & SR for Alteration in Articles 3) File Form 23 for both 4) Let it get approved... 5) Then File form 24A 6) Let it get approved and wait for confirmation by RD.
Is this the procedure...plz confirm But one more thinf unless it gets approved by RD how Form -23 will get approved