What is the procedure to change the objects of a company?

  • Passing a board resolution for changing the objects of the company
  • Amending the MOA of the company
  • Preparation and passing a Special Resolution in the Extra-ordinary General Meeting of the company
  • Preparation and filing of E-form 14 for registration of such change

In case of a public company, following additional procedure need to be followed

  • Special Resolution needs to be published in one English and one vernacular newspaper in the place where the registered office of the company is situated.
  • Such details shall also be placed on the website of the company.
  • The dissenting shareholders shall be given an opportunity to exit by the promoters and shareholders having control.
  • Appropriate Government fees is payable depending upon the authorized capital of the company.