1. Name Change
The name of a private limited company may have to be changed for a number of reasons including change in the objective of the business, change in management, etc. The procedure for the same involves filing of various documents with the Ministry of Corporate Affairs(MCA) on examination of which change in the name will be approved.
2. Change in Registered Office
A change in the registered office of the company should be intimated to the Registrar of Companies within the time frame specified in the act. Different procedures are to be adhered to depending on whether the change in registered office is within the state or to another state.
3. Add/Remove Director
Change in the management of a private limited company is required from time to time due to change in statutory requirements or change in the business of the organization. Accordingly a company can appoint or remove directors after complying with the required provisions of the Companies Act 2013.
4. Annual Compliances for Private Limited/OPC/LLP
The Companies Act 2013 mandates annual compliances for companies incorporated under the act by way of filing of annual accounts and annual returns disclosing financial information, details of shareholders, directors, etc with the Registrar of Companies(RoC) .
5. Increase in Authorized Capital
Authorized capital of a company may have to be increased as per the requirements of the lendors, investors, government regulations etc. Increase in authorized capital of a company can be done after consulting with the articles of association of the company and passing the required number of resolutions permitting the same. Required e-forms along with prescribed fee has to be filed with the Registrar of Companies to complete the procedure.
6. Amendment in MOA/AOA
A company may alter its MOA in the following circumstances:
• Change in the name of the company.
• Change in the registered office of the company.
• Change in the object clause of the company.
• Change in the authorized capital of the company.
• Change in the liability of the members of the company.
AOA of a company may have to be amended for altering clauses on restriction on share transfer, composition and size of board, voting matters,etc.
7. Add/Remove Partner
A partnership firm may admit or remove partners at anytime by filing the required forms with the Registrar of Firms along with the amended partnership deed and other required documents.
8. Winding up of OPC/Pvt Ltd/LLP
Winding up of a company is the process through which life of a company comes to an end and its property is administered for the benefit of its members & creditors. An Administrator, called a liquidator is appointed and he takes control of the company, collects its assets, pays its debts and finally distributes any surplus among the members in accordance with their rights. In addition to the regular mode of winding up there is Fast Track Exit mode (FTE) to enable defunct companies to get their names strike of the register of companies in a time bound manner.
With the introduction of Insolvency and Bankruptcy Code 2016, winding up of a company/LLP due to insolvency or bankruptcy will be subject to provisions of the code.