Procedure to Change Object Clause Of NBFC Comapny

Querist : Anonymous (Querist) 16 December 2009 This query is : Resolved
What is the procedure to change the object clause of a Non Banking Financial Comapny under Companies Act, Under RBI Act or the procedure we have to follow with ROC?Please give immediate reply.

Follow Query

Report Abuse

A V Vishal (Expert) 16 December 2009
For change in object clause you have to alter your memorandum of association.

By passing a special resolution in general meeting of shareholders for alteration of MOA you may alter your object clause.

You have to pass special resolution and file form 23 within 30 days of passing the special resolution in general meeting.

Also attach altered MOA along with form 23.

Querist : Anonymous (Querist) 16 December 2009
Sir I am agree with your reply. But i want to know what are the complainces under RBI Act or Rules And Regulations etc?

A V Vishal (Expert) 16 December 2009
Compliances regarding what, if you can direct your specific requirement, we can answer.

Querist : Anonymous (Querist) 16 December 2009
Sir Actually I want to know the procedure to change the Object Clause of a Non Banking Finance Company. I know the procedure under Companies Act. As the Non Banking Finance Company is also govern by the RBI Act. So i want to know that is there any requirement under RBI Act which we have to comply when we are doing change in object clause.

A V Vishal (Expert) 17 December 2009
There is no other compliance under the RBI Act, however, the change in objects must be intimated to the NBFC divn of RBI.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now