Max Payne (employed) (2574 Points)
25 June 2010Hi friends
I want to know whether there is any minimum cpl requirement or RBI restriction in the case below.
A private limited company is the holding company of 3 other private ltd companies.
So we want to change the name to "ABC holding pvt ltd" or "ABC Capital pvt ltd"
WE WANT TO CHANGE THE MAIN OBJECT of the Holding company
from marketing insurance products
to making investments in other companies.
Please tell me if the name change will be allowed, and any remedy if required...
vivek
(CS)
(751 Points)
Replied 26 June 2010
I don't think there is any hitch in changing of name and no mandatory requirement for minimum paid up capital except 3(1)(III). U can change ur main object but u should add new clause in the main object of ur MOA.
Others views solicited.
After Changing the Main Object, You must have to apply for the NBFC Registration with the RBI, As the New Main Object can be pursued by the NBFC Company only..
For, The purpose of NBFC Registration Your Company must have the Net owned fund of Rs. 2 Crore and has to qualify for the other Criteria’s also.
Max Payne
(employed)
(2574 Points)
Replied 29 June 2010
Dear sirs,
thanks for ur response...
But is there any way to fit this in section 372... I am not very familiar with this section...
pls help me..
Max Payne
(employed)
(2574 Points)
Replied 30 June 2010
Thanks so much Ankur Sir,
I cant thank u anymore today cos i already crossed my limit....
So here is a 
for you!
CAclubindia
