Change Objective, Activity
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Why do you need to Change Business Objectives?
- For Undertaking New projects or journey
- When a Company Takes over another company major changes takes place thus changing objective becomes necessary
- To Eliminate Abandoned Activities which are not needed and pointless
- To avoid any legal consequences as the government policies keep changing
Changing names and objectives of a company- An overview
As the company grows and evolves, it becomes obvious that one wants to take their company in a direction that you had not anticipate before. When the objectives of a business changes, it is necessary to make it official and fulfilling other formalities too.
Process to Change the Objective
You will need to follow the 5 steps
A board meeting should be scheduled for passing the resolution to make essential changes
Documents Required for changing the objective
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Frequently Asked Question
Yes
Yes with us whole process is online
No it is not necessary as both of these factors are not dependent on each other
The few reasons are: undertaking new ventures , company takeover , eliminate abandoned activities band or prohibited activities
The main documents required are : article of association , ID proof ,address proof, notice regarding EGM through copy of the special resolution
- Main object
- Ancillary object
Board resolution, special resolution in EGM ,file format mgt 14 with RoC issuance of surface certificate of incorporation, incorporation of MoA objective