LEGAL UPDATE: RATIFICATION OF MISTAKE IN FROM 1, 1A AND 44

Ministry of Corporate Affairs has issued a circular dated 21st December, 2012, Mistakes made in the filed e-form 1, 1A and 44 can be rectified via form 68 within 365 days of approval of the said forms by the ministry on payment of fee of  Rs.  1000/- in case of e-form 1 & 1A and Rs. 10,000/- in case of e-form 44.

It has been further stated in this circular such forms filed for the companies incorporated before 2009 can also be rectified within 180 days of the effective date of the circular i.e. 23rd December, 2012.

http://www.mca.gov.in/Ministry/pdf/General_Circular_42_2012.pdf

COMPANIES BILL, 2011 APPROVED BY LOKSABHA

Companies Bill, 2011 get approved by the Loksabha yesterday 18th December, 2012 along with the amendments and now to be presented in the Rajyasabha for approval.

A copy of bill to be presented in loksabha was made available on MCA's site:
http://www.mca.gov.in/Ministry/pdf/The_Companies_Bill_2011.pdf

CHANGE OF NAME OF PRIVATE COMPANY AND UNLISTED PUBLIC COMPANY

Companies usually change their name to match the name of the group of the companies to avail of the goodwill attached to the name of the group, at times they change their name for some other reasons too such as to match their new line of business etc. Procedure for change of name of the Company both for private companies as well as unlisted public companies are as follows: