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Explanatory statement

CA Suryakant Dubey (CA ) (931 Points)

07 December 2011

PLEASE FORWARD ME ANY SAMPLE OF EXPLANATORY STATEMENT U/S 173(2) FOR CHANGE IN NAME OF THE COMPANY.....

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Deepak Gupta (CA Student) (15922 Points)
Replied 08 December 2011

Originally posted by : SUYAKANT DUBEY
	PLEASE FORWARD ME ANY SAMPLE OF EXPLANATORY STATEMENT U/S 173(2) FOR CHANGE IN NAME OF THE COMPANY.....

Sample 1

The present activities of the Company includes leasing, hire purchase, investments, bill discounting, loan syndication, portfolio management, etc. The present name does not convey the magnitude of operations of the Company and expresses only part of its activities.

For some time the directors have been giving thought to changing the name of the Company. The new name proposed contain "......" which reflects our group identity and the full name "............ Finance Limited" reflects the operations of the Company.

The Registrar of Companies, ................ has confirmed that the new name is available upon the application of the Company for change of the name of the Company under section 21 of the Companies Act, 1956 and subject to the resolution the Board of directors of the Company proposes to make an application to the Registrar of Companies for confirmation to the change of name. Since the Company is doing its business of financial activities in the name of ........ Financial Services, which is well recognised by adopting the new name, the Company will be well recognised in the field in which it operates. In view of the RBI guidelines applicable for the NBFC companies, your directors will also take necessary approval from the Reserve Bank of India.

Sample 2

The Company is planning to enter into new Technology business ventures like Software Technology and related activities. To reflect the objects in the name of the Company the Board of Directors have decided to change the name of the Company as M/s.XYZ TECHNOLOGIES LIMITED. The Directors trust that this change of name will have the members support and approval.

The Registrar of Companies, Andhra Pradesh has confirmed that the new name is available for registration under section 21 of the Companies Act, 1956 and subject to the resolution being passed, an application will be made to the Central Government for approval to the change of name under section 21 of the Act.