A motor-parts company has included some other business too for expansion.. Within how many days can it register for the same & from when?
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 07 July 2014
i think in previous copmany act it was 30 days...but in comapny act..need to know.
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 07 July 2014
One of the effects of implementation of new Companies Act, 2013 is that the Companies can carry onbusiness activities which are mentioned in its Main Objects clause of Memorandum of Association. In the earlier Act, the Companies which have diversified in other activities used to pass resolution in the Board of Directors meeting or in the General Meeting whereby the activities mentioned in other Objects i.e. at Clause III-C were invoked. The Private Companies used to pass the resolution and keep record in Minutes Book whereas the Limited Companies used to pass Special Resolution and file the declaration as required under the provisions of Section 149(2A) of the Companies Act, 1956 with the office of Registrar of Companies and carry on such activities. Now, with effect from Ist April 2014 all such Companies who were/are carrying of activities other than principal business activities as mentioned in the Other objects are required to alter the main objects and include such activities therein otherwise such business activity shall be treated as ultra virus. Consequently, owing to multiple business activities, the Companies may also be required to change its name.
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