CHANGE IN REGISTER OFFICE OF COMPANY WITHIN STATE?
INTRODUCTION
Changing the registered office of a company within a state is a relatively straightforward process, but it is important to follow the correct procedures to avoid any delays or complications. In this guide, we will walk you through the steps involved in changing the registered office of a company within a state, including:
- Checking the eligibility criteria
- Getting the approval of the board of directors
- Filing an application with the registrar office
- Paying the requisite fees
- Getting the approval of the registrar office
- Filing a change of address with the ROC
Here are the steps on how to change the registered office of a company within a state in India:
Check the eligibility criteria. Not all companies are eligible to change their registered office within a state. The company must meet the following criteria:
- It must have been incorporated in India for at least one year.
- It must have a paid-up capital of at least INR 50 lakhs.
- It must have filed its annual returns and financial statements for the last three years.
2.Get the approval of the board of directors. The board of directors must approve the change of registered office in writing. The resolution must be passed by a majority of the directors present at the meeting.
3.File an application with the registrar office. The company must file an application with the registrar office in the prescribed form. The application must include the following documents:
- A copy of the board resolution approving the change of registered office.
- A copy of the company’s latest annual return.
- A copy of the company’s latest financial statements.
- A copy of the company’s rent agreement for the new registered office.
4.Pay the requisite fees. The company must pay the requisite fees for changing the registered office. The fees are as follows:
- For companies with a paid-up capital of up to INR 50 lakhs: INR 500.
- For companies with a paid-up capital of more than INR 50 lakhs: INR 1,000.
5.Get the approval of the registrar office. The registrar office will review the application and approve the change of registered office if the company meets the eligibility criteria and has submitted all the required documents.
6.File a change of address with the ROC. Once the registrar office has approved the change of registered office, the company must file a change of address with the Registrar of Companies (ROC). The ROC will update the company’s records and issue a new certificate of incorporation.
Some additional tips for changing the registered office of a company within a state:
- Use a professional services firm to help you with the process. This will ensure that all the documents are prepared correctly and that the change is made smoothly.
- Be sure to keep track of all the deadlines and requirements. The registrar office may impose penalties if the company fails to meet the deadlines.
- Communicate with the registrar office regularly to ensure that the process is progressing smoothly.
some of the reasons why a company might want to change its registered office within a state:
- The company may be relocating its office to a different location within the same state.
- The company may be merging with or acquiring another company that is registered in a different location within the same state.
- The company may be dissatisfied with the services of its current registrar office.
CONCLUTION
changing the registered office of a company within a state is a relatively straightforward process, but it is important to follow the correct procedures to avoid any delays or complications. By following the steps outlined in this guide, you can help ensure that the change of registered office is made smoothly and efficiently.
