Change in Objective of Business
Do you want to increase your company’s share capital base? Easebis experts will set up your compliances and documents.
- Easy process
- Fast and hassle-free
- Availability of In-house experts
- Complete online documentation
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Why should I Use Easebis for Change in Objective of my Business
Our online bookkeeping services have end-to-end online fulfilment provided by our professional. It’s very simple, completely digital, and available for all 365 days.
1. Book a slot with our compliance experts
2. Provide all the required information
3. Get your company compliances done
Changing Company Name & Objectives - An Overview
As your company grows and evolves, it is normal that you want to take your company in a direction that you didn’t anticipate before. When you change the objectives of business, it is necessary to make it official by amending the memorandum of association (MoA) and fulfilling other formalities for the same.
Easebis’s service can make this whole process easy for you and pave the way for a comfortable transition into a new phase for your business.
Process for Changing the Company Objectives
he MoA explains the two major company objectives:
- Main object: Covers the major business activities of the company
- Ancillary object: Covers the necessary activities for conducting the business plans and needs.
To get these company objectives changed, you will need to follow the five steps:
Step 1: Board Resolution
A meeting of the board should be held, and a resolution has to be passed to make the essential changes in the name and objectives of business. A director/company secretary should be authorised to sign, certify, and file the required forms with the RoC.
Following that, a place and time will be fixed for conducting an extraordinary general meeting (EGM) of members.
Step 2: Special Resolution in EGM
In the EGM, members will pass a special resolution. The reply of the members to the special resolution is obtained. All the members should be given notice with certain mandatory information. Once this notice is circulated, the resolution is passed.
Step 3: File form MGT-14 with RoC
The form MGT-14 needs to be filed with the RoC by the company and its director(s) to process further. Some other documents need to be attached with the form for the same (listed below).
Step 4: Issuance of Fresh Certificate of Incorporation
In case the CIN number changes due to a change in the industry code, the RoC will issue a new certificate of incorporation to the company.
Step 5: Incorporation of the MoA Object Clauses
After the RoC issues the incorporation certificate, the company must take steps to incorporate the object clause in all the MoA copies.
Documents Required to Set up Objectives of Business
- Notice regarding EGM
- Attested true copy of the special resolution
- Minutes of the board meeting and EGM
- Altered MoA
- A certified true copy of the board resolution (optional)
- ID proof of all the directors of the company
- Address proof of all the directors of the company
- Attendance sheet or register of board meetings and general meetings
Why Easebis?
Here is why you should choose Easebis for changing the objects of your company:
- Simple and speedy process
- Experts will guide you in deciding what to add under main and ancillary objectives of company.
- A resolution drafted and forms filled & filed for you
- We will make the amendments to your MoA
- You get the best support
- All your queries will be answered.
Why Choose Easebis
8756 +Happy Customers
700 +Company Registered
20+ Team Members & CA
4 . 8 Google Rating & Positive Reviews
Frequently Asked Questions (FAQs)
Accounting is the process of tracking, organizing, and analyzing financial information to help businesses make informed decisions. It is important for businesses because it provides insight into financial performance, helps with tax planning, and can help with strategic decision-making.
Bookkeeping involves recording financial transactions, while accounting involves analyzing and interpreting financial data to produce financial statements and provide financial advice. Bookkeeping is the foundation of all accounting services.
Financial statements typically included in accounting services include balance sheets, income statements, and cash flow statements. These statements provide insight into a business’s financial health and performance.
All types of businesses can benefit from outsourcing their accounting services, particularly those without the in-house resources to manage their finances effectively. Outsourcing can also help businesses save time and money.
Businesses should review their financial statements on a regular basis, such as monthly or quarterly, to ensure accuracy and identify any areas for improvement. Reviewing financial statements can also help businesses make informed decisions about future investments or growth opportunities.
Common accounting software programs used by businesses include QuickBooks, Xero, and FreshBooks. These programs can help with bookkeeping, invoicing, payroll, and tax preparation.
Cash-basis accounting records transactions when cash is received or paid, while accrual-basis accounting records transactions when they occur, regardless of when cash is received or paid. Accrual-basis accounting provides a more accurate picture of a business’s financial health.
Common accounting mistakes that businesses should avoid include failing to reconcile bank statements, not tracking expenses properly, and not keeping records up to date.
Common accounting mistakes that businesses should avoid include failing to reconcile bank statements, not tracking expenses properly, and not keeping records up to date.
Accounting services can help businesses save money by identifying areas for cost-cutting and providing insights into financial performance. Accounting services can also help businesses make better financial decisions by providing accurate and timely financial information.
Testimonials
Team EaseBis came to the rescue in crunch time. They were prompt, courteous and professional. Superlative service at super competitive price. Couldn't be more satisfied.
I was very lucky to be connected with Rashmita C, one of the consultants with this company. She is a great asset to the company, she is knowledgeable and helped me with my questions in a very professional manner and very little time considering the fact that there is rush in March
Highly impressed by the Turn around time of EaseBis. Got my company registered & filed the trademark. It was a seamless experience & amazed - had to not visit them even once. These guys are super reliable!
Excellent customer service from EaseBis team. Right from the time, the business engagement starts to the completion of e-filing and tax refund (if applicable), the team at EaseBis constantly assists the customer and is proactive to resolve queries in the shortest possible time.
