A company can intimate changes among Managing Director, Directors, Manager and Secretary of a company by filing eForm DIR-12 with Registrar of Companies (ROC) within 30 days (Event date + 30 days) from the date when such change takes place. There is a formal procedure for change in directors of the company.
Change in Registered Office
Any change is registered office address within the same area of city or town or village, outside the local limits of any city, town or village, changed from one jurisdiction of a ROC to another jurisdiction etc. all changes required different approach and filing of forms respectively.
Company Share Transfer
Transferability of shares of a private company is indeed restricted as mentioned in their Articles of Association because of protection of rights of the small group of investors. While shares of the public company are freely transferable. All companies need to follow specific procedure for transfer of shares.
Increase in Authorized Share Capital
It is the maximum amount of the capital for which shares can be issued by the Company to shareholders. The Authorised capital can be increased at any time in future by following necessary steps as required by law.
Winding Up of a Company
Winding up of the Company is a legal mechanism of permanently shutting down a company. It is a process by which the Company’s corporate existence comes to an end post which the Company goes in for dissolution under the surveillance of a Liquidator.
Removal of Directors Disqualification
A Company has the authority to remove a Director by passing an Ordinary Resolution, given the Director was not appointed by the Central Government or the Tribunal. Specific procedure has been laid down in The Companies Act, 2013 for Removal.
Change in Capital Structure
Capital structure means the amount of debt or equity employed by a business enterprise to fund its operations and also finance its assets. A company’s capital structure is typically expressed as a debt-to-equity or debt-to-capital ratio.
Change in Object Clause
The object clause of the company states the purpose of the incorporation of the company. In case, if a company aspires to change the object after its incorporation, then it needs to amend its Memorandum of Association (MOA) as per the Companies Act, 2013 and file requisite forms with ROC.
Change the name of the Business
Changing company names amounts to a significant alteration since MOA & AOA need to be altered. A company may change its name by passing a special resolution in general meeting and filing requisite forms as applicable with ROC.