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Change in Objectives of Business

Memorandum of Association (MoA) is formed keeping the objectives of a particular company or business in the foreground of the mind. If a company seeks to change its objective; a clause is provided for the same in the MoA. However, the process is quite complicated but can be done easily if followed the proper procedure.

Procedure of Changing the Objective of the company

4 Working Days:

If you are seeking to change the objective of the company, you first need the board to pass a decision selecting the new objective of the company. A few documents are required which are required to get the approval from the Registrar of Company.

15 Working Days:

Necessary forms are required to be filed for the change in the objective of the company; along with the documents, projected turnover details of past three years are also required and a declaration stating that the company will commence with the changed objective within a timeframe of 6 months.

What You Need To Know

Not on Exports

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

Steep Fines

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

No Going Back

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

Service Tax Registration Process

2 Working Hours

You need to send in PAN cards, identity, address proofs and four passport-sized photographs of the proprietor/partners/directors. Private limited companies must also submit the Memorandum and Articles of Association, Form 32, Form 18 and Certificate of Incorporation, while Partnerships must submit the Partnership Agreement. Finally, the rental agreement for the office address, if it is rented, along with the electricity bill.

2 Working Days

The application will be prepared by our representatives in two working days. It will then be filed and submitted to the authorities via our affiliates. We will be sent a basic acknowledgement within seven working days.

10 to 25 Working Days

Your application will be processed by the department and may involve a physical inspection. Once approved, the Service Tax Number will be issued. A certificate will also be issued. We will courier it to you when it is received from the government department.