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[To be published in the Gazette of India, Extraordinarf ,Parl II, Section 3,
Sub-Section (i)l
Government of India
Ministry of Corporate Affairs
Notification
New Delhi, 27th July,2016
G.S.R. .-In exercise of the powers conferred by sub-sections (1) and (2) of
section 469 of the companies Act, 2013 (18 of 2013), the central Govemment hereby
makes the following rules further to amend the Companies (Incorporation) Rules,
2014, namely:-
1. (1) These rules may be called the Companies (Incorporation) Third Amendment
Rules,2016.
(2) They shall come into force on the date of their publication in the Official
Gazette.
2. ln the Companies (lncorporation) Rules, 2014 (hereinafter referred to as the
principal rules), in rule 3, for sub-rule (2), the following shall be substituted,
namely:-
* (2) A natural person shall not be member of more than a One Person Company at
any point of time and the said person shall not be a nominee of more than a C)ne
Person Company".
3. In the principal rules, in rule 8,-
(a) in sub-rule (2) for clause (ii), the following shall be substituted namely:-
..(ii) it includes the name of a trade mark registered or a trade mark which is subject
of an application for registration under the Trade Marks Act, 1999 and the rules
framed thereunder unless the consent of the owner or applicant for registration, of
the trade mark, as the case may be, has been obtained and produced by the
promoters;"
(b) in sub-rule (6), in clause(n), the comma between the words 'financial' and
'comoration' shall be omitted.
4. In the principal rules, in rule 13, after sub-rule (2), the following Explanation shall
be inserted, namely:-
"Explanation.- For the purposes of sub-rule (1) and sub-rule (2), the type written or
printed particulars of the subscribers and witnesses shall be allowed as if it is written
by the subscriber and witness respectively so long as the subscriber and the witness
as the case may be appends his or her signature or thumb impression, as the case may
be."
5. In the principal rules, in rulel6,-
(i) in sub-rule ( 1),-
(a) in clause (m), the following Explanation shall be inserted, namely:-
"Explanation.- In case the subscriber is already holding a valid DIN, and the
particulars provided therein have been updated as on the date of application,
and the declaration to this effect is given in the application, the proof of
identity and residence need not be attached."'
(b)"clause (q) shall be omitted;
(ii) in sub-rule (2) in clause (g), the words " or partnership firm" shall be omitted.
6. In the principal rules, for rule 26, the following rule shall be substituted, namely:-
"26. Publication of name by company.- (1) Every company which has a website for
conducting online business or otherwise, shall disclose/publish its name, address of
its registered office, the Corporate Identity Number, Telephone number, fax number
ifany, email and the name ofthe person who may be contacted in case ofany queries
or grievances on the landinglhome page of the said website.
(2) The Central Govemment may as and when required, notify the other documents
on which the name of the company shall be printed.".
7. In the principal rules, in rule 28, in sub-rule (2), after the second
following proviso shall be inserted, namely:-
the
t
"Provided also that on completion of such inquiry, inspection or investigation as a
consequence of which no prosecution is envisaged or no prosecution is pending,
shifting of registered office shall be allowed.".
8. In the principal rules, in rule 29, for sub-rule (1), the following shall be substituted,
namely:-
"( I ) The change of name shall not be allowed to a company which has not filed annual
returns or financial statements due for filing with the Registrar or which has failed to
pay or repay matured deposits or debentures or interest thereon:
Provided that the change of name shall be allowed upon filing necessary documents
or payment or repayment of matured deposits or debentures or interest thereon as the
case may be."
9. In the principal rules, in rule 30,-
(A) in sub-rule (1), after clause (i), the following shall be inserted namely:-
"O a copy of the No Objection Certificate from the Reserve Bank of India where
the applicant is a registered Non-Banking Financial Company"
(B) in sub-rule (6), in clause (c) the words "and to the Securities and Exchanse Board
in the case of listed companies" shall be omitted;
(C) in sub-rule (10), after the proviso, the following Explanation shall be inserted,
namely:-
"Explanation.- On completion of such inquiry, inspection or investigation as a
consequence of which no prosecution is envisaged or no prosecution is pending,
shifting ofregistered office shall be allowed.".
10. In the principal rules, after rule 36, the following rule shall be inserted,
namely:-
"37. Conversion of unlimited Iiability company into a limited Iiability
company by shares or guarantee.- (1) Without prejudice to any other
provision in the Companies Act for effecting the conversion of an unlimited
liability company with or without share capital into limited liability company
by shares or guarantee, such a company shall pass a special resolution in a
general meeting and thereafter, an application shall be filed in Form No. INC-
27 inthe manner provided in sub-rules (2) and (3).
(2)The Company shall within seven days from the date of passing of the special
resolution in a general meeting, publish a notice, in Form No. INC-27A of
such proposed conversion in two newspapers (one in English and one in
vernacular language) in the district in which the registered office of the
company is situate and shall also place the same on the website of the
Company, if any, indicating clearly the proposal of conversion of the
company into a company limited by shares or guarantee, and seeking
objections if any, from the persons interested in its affairs to such conversion
and cause a copy of such notice to be dispatched to its creditors and
debentures holders made as on the date of notice of the general meeting by
registered post or by speed post or through courier with proof of dispatch.
The notice shall also state that the objections, if any, may be intimated to the
Registrar and to the company within twenty-one days of the date of
publication of the notice, duly indicating nature of interest and grounds of
opposition.
(3)The Company shall within forty five days of passing of the special
resolution file an application as prescribed in sub rule (1) for its conversion
into a company limited by shares or guarantee alongwith the fees as
provided in the Companies (Registration offices and Fees) Rules, 2014, by
attaching the following documents, namely:-
notice of the general meeting along with explanatory statemen!
copy of the resolution passed in the general meeting;
copy of the newspaper publication;
a copy of altered Memorandum of Association as well as Articles of
Association duly certified by any one of the Directors duly authorised
in this behalf or Company Secretary of the Company, if any.
e. declaration signed by not less two Directors of the Company,
including Managing Director, if any, that such conversion shall not
affect any debts, liabilities, obligations or contracts incurred or entered
into by or on behalf of the Company before conversion (except to the
extent that the liabiliw of the members shall become limited).
f. a complete list of creditors and debenture holders, to whom
individual notices have been sent under sub-rule (2) setting forth the
f ollowing details, namely:-
a.
b.
c.
d.
than
if anr
(i) the names and address of every creditor and debenture
holder of the Company;
(ii) the nature and respective amounts due to them in respect of
debts, claims or liabilities:
(iii) declaration by a Director of the Company that notice as
required under sub-rule (2) has been dispatched to all the creditors
and debenture holders with proof of dispatch.
C. a declaration signed by not less than two Directors of the Company,
one of whom shall be a Managing Director where there is one, to the
effect that they have made a full enquiry into the affairs of the Company
and, having done so, have formed an opinion that the list of creditors is
correct, and that the estimated value as given in the list of the debts or
claims payable on a contingency are proper estimates of the values of
such debts and claims and that there are no other debts or claims against
the company to their knowledge.
h. a declaration of solvency signed by at least two Directors of the
Company, one of whom shall be the Managing Director, where there is
one to the effect that the Board of Directors of the Company have made
a full inquiry into the affairs of the company, as a result of which they
have formed an opinion that it is capable of meeting its liabilities and
will not be rendered insolvent within a period of one year from the date
of declaration, through a resolution, passed in a duly convened meeting
or by circulation.
i. The company shall also obtain a certificate from the Auditors that the
company is solvent and that it is a going concern as on the date of passing
of resolution by the Board certifying solvency as per clause (h) above.
j. No Objection Certificate from sectoral regulator, if applicable.
k. No Objection Certificate from all secured creditors, if any.
(4) Declaration signed by not less than two Directors including Managing Director,
where there is one, that no complaints are pending against the company from
the members or investors and no inquiry, inspection or investigation is pending
against the company or its Directors or officers.
(s)The Registrar shall, after considering the application and objections if any,
received by the Registrar and after ensuring that the company has satisfactorily
addressed the objections received by the company, suitably decide whether the
approval for conversion should or should not be granted.
(6)The certificate of incorporation consequent to conversion of unlimited liability
company to into a company limited by shares or guarantee be in Form INC-11A
issued to the company upon grant of approval for conversion.
(7)Conditions to be complied witfu subsequent to conversion.-
(1) Company shall not change its name for a period of one year from the
date of such conversion.
(2) The company shall not declare or distribute any dividend without
satisfying past debts, liabilities, obligations or contracts incurred or
entered into before conversion.
Explanation: For the purpose of this clause, past debts, liabilities,
obligations or contracts does not include secured debts due to banks
and financial instibutions.
(8) An Unlimited Liability Company shall not be eligible for conversion into a
company limited by shares or guarantee in case-
(a) its networth is negative, or
(b) an application is pending under the provisions of the Companies Act 1956
or the Companies Act, 2013 for striking off its name, or
(c) the company is in default of any of its Annual Returns or financial
statements under the provisions of the Companies Act, 1956 or the
Companies 4ct,2013, or
(d) a petition for winding up is pending against the company, or
(e) the company has not received amount due on calls in arrears, from its
directors, for a period of not less than six months from the due date; or
(f) an inquiry, inspection or investigation is pending against the company.
(9) The Registrar of Companies shall take a decision on the application filed under
these rules within thirty days from the date of receipt of application complete in
all respects.
11. In the principal rules, Form No. INC-10 shall be omitted.
12. In the principal rules, for Form No. INC-11, the following forms shall be
substituted. namelv:-
"Form No.lNC-11
GOV[iRNMEN]'OII IND:A
MIN IS'I'RY OI' C]ORPORAI'L] AITITA I RS
Central Registlation Centre
Certificate of Incorporation
[Pursuant to sub-section (2) o1'section 7 o1'the Companies Act, 20 | 3 ancl rule 8 the Companies
(lncorporation) Rules. 20 | "{l
I hereby certify that <name of the company> is incorpurated on this (i.e. FIRST, SECOND
etc.) day of <Month of'approval o1'work item in wordp 1wo thousand --YEAR o{'approval ol
rvork item in words> under the Companies Act. 2013 and that the company is <limited by
shares/lirnited hy guarantee/unIimited company>.
The CllN of the company is <ClN>.
Given under my hand at < Namc o1'the citv rvhere the RoC Ol'lice is localed > lhis < Date ol'
approval of thc rvork itenr in words (i.e F'lRS'l-, SECIOND etc.)> day ol'< Mouth of approval
of the work ilenr in words > <YUAR of'approval of the wolk item in words>.
DSC
<Assisrant Re_qistrar of con;tJ ;il;,;'J[,]li:li:iliilffi T:;iJlf iltHH':.::
Fol and on behalfol'the Jurisdictional Registlar of Cornpanies
Il.egistrar o1' Companies
Central Registration Centre
Disclaimer: This certifioate only evidences incorpclration ol' the colnpany on the basis of
documents and declarations of the applicant(s). 'l'his certilicate is neifier a license nor
penrission to conduct business or solicit deposits or t'unds fionr public. Perrnission of secror
regulator is necessary wherevor recluired. Registration status itncl other details ol'the company
can be verillcd ()n   ..n1.r.!,t.irl
Mailing Addless as per the reoords available in Registrar olCompanies oflice:
< Name of the company >
< Address of the correspondencc/registered olllce of the conrpany >".
Form No. INC-11A
Certificate of Incorporation pursuant to conversion of Unlimited
Liability company into Limited Liability Company
[pursuant to section 18 of the Companies Act,2013 read with rule 37 of the
Companies (Incorporation) Rules, 2014]
I hereby certify that....,..........(name of the company prior to conversion)
having unlimited liability has been converted into..........(name of the
company after conversion) company having limited liability with effect from
the date of this certificate and the company is limited by shares or limited by
guarantee.
The CIN of the companv is...........
Given under my hand at............... this..................... day of
two thousand.
SEAL:
Registrar of Companies
1.3. in the principal rules,, for
inserted, namely:-
Form the following forms shall be
Form language o o Hindi
Refer the instruction kit for filing the form.
1. tApplication for o Conversion of private company into public company
o Conversion of public company into private company
o Conversion of Unlimited Liability Company into Company Limited
by shares or guarantee
2. *(a) Corporate identity number(ClN) of company
(b) Global Location Number
(a) Name of the Company
(b) Address of registered office
(c) email Id of the company
*Particulars of filing Form No. MGT-14 with Registrar of Companies (RoC)
(a) SRN of Form No. MGT-14
(b) Date of passing the special resolution (DD/MM/YYYY)
(c) Date of filing Form No. MGT-14
5. 1'Pafticulars of the order of Tribunal
(a) Date of passing the order
(DD/MM/YYYY)
FORM NO. INC-27
[Pursuant to sections 74 and 78 of the
Companies Act, 2Ol3 and Rule 33 and
Rute 37 made there under of the
Companies Rules, 20731
Conversion of public company
into private company or
private company into public
company and Conversion of
Unlimited Liability Company
anto a Company Limited by
shares or guarantee
(b) Date of receiving the order
at the time of incorporation (to be in the
7' (a) Details of members present at the meeting where the decision of conversion
was taken and number of shares held by them
(i) tNumber of members
(ii) Numberof shares treta offi
(b) Details of the members who
shares held by them
(i) *Number of members
(ii) Number of shares held
(c) Details of the members
held by them
(i) xNumber of members
(ii) Number of shares held by them
(d) Details of members who abstained
them
(i) *Number of members
(ii) Number of shares held bv them
Attachments
xMinutes of the members' meeting;
x Copy of altered Memorandum
Articles of Association ;
3. Order for condonation of delay;
4. *Copy of special resolution;
5. xCopy of newspaper publication;
6. Order of competent authority;
7. tDeclaration of all Directors
by them
who voted against the proposal and number of shares
voted in favour of the proposal and number of
from voting and number of shares held by
List of attachments
Remove Attachment
Attach
l*.*l
t A,,r.t I
[^*"rl
f;.d. I
f- ^*.h I
1.
xName of the company
10
as per Rule 37(3)(e);
8. xDeclaration of Directors
As per Rule 3Z(3Xg);
9. xComplete list of creditors and
debentures holders;
10. *Declaration of Solvency;
Attach
Attach
Attach
11.*Declarationregardingnocomplaints Attach
As per Rule 37(4)
12.x A copy of Statutory Auditors Certificate Attach
l3.Optional attachment(s) (if any)
Declaration
To the best of my knowledge and belief, the information given in this application and
its attachments are correct and complete. The company has obtained all the mandatory
approvals from the concerned authorities, departments and substantial creditors. I have
been authorized by the board of directors' resolution number ;B
dated x
(DD/MM/YYYY) to sign and submit this application.
rflll
osc aox
To be digitally signed by
{Designation
xDirector identification number of the director; or
DIN or PAN of the manager or CEO or CFO; or
Membership number of Company secretary
Note: Attention is drawn to provisions of section 448 and 449 of the companies Act, 2013 which
provide for punishment for talse statement / certificate and punishment for false evidence respectively.
11
For offlca uco only:
i 'l r '' -;l :: t l:t l:l
6Fofm srrvice .!qu63t number (sRN)
f
.--*--l
eForm fiting date F,oD/MM/yyyy)
Digital signaturs of tho authorbing officer
This e-Form b hrreby approv.d
This e-Form is heroby rejectod
Datr ot 3igning
[:
[]
f_:
:.:::.i'. ' t.t.).)..-. ,.tt t)t
(DD/MM/YYYY)
12
Form no INC-27A
f[Pursuant to rule 37(2) the Companies (Incorporation) Rules, 2014]
Advertasement to be published in the newspaper for conversion of
unlimited liability into limited liability company
Before the Central Government
Region
In the matter of the Companies Act, 2013, Section 18 of Companies Act,
2013 and rule 37 of the Companies (Incorporation) Rules, 2014
AND
In the matter of Limited (unlimited liability company) having
its registered office at Petitioner
Director
Date
Place.
Notice is hereby given to the General public that the company proposes to maKe
application to the central Government under section 18 of the companies Act,
2013 seeking confirmation of alteration of the Memorandum of Association of
the company in terms of the special resolution passed at the Annual General
Meeting/ Extra ordinary general meeting held on to enable the
company to convert from unlimited liability into limited liability,,.
Any person whose interest is likely to be affected by the proposed conversion
from unlimited liability into limited liability may deliver or cause to be delivereo
or send by registered post of his/her objections supported by an affidavit stating
the nature of his/her interest and grounds of opposition to the Registrar of
companies (address of the ROC) within twenty-one days from the date of
publication of this notice with a copy to the applicant company at its registered
office at the address mentioned below:
For and on behalf of the Applicant
12
tF.Ngr rtr3/20t3 CL-vl
nf*w,
AMARDEEP SINGHBIIATIA, Jt. Secy.
Note: The principal notification was published in the Gazette of India,
Extraordinary Part II, Section 3, Sub-section (i) vde number G.S.R. 250(E) dated
3l't March, 2014 and subsequently amended videthe following notifications:-
Serial
Number
Notification Number Notification Date
l. G.S.R. 349 (E) 0l-05-2015
2. G.S.R.442 (E) 29-05-2015
3. G.S.R. ee (E) 22-01-2016
4. G.S.R.336(E) 23-03-2016
14
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4. qI.sT.R. sso(3{) 23-03-2016

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Companies (Incorporation) Third Amendment Rules, 2016

  • 1. [To be published in the Gazette of India, Extraordinarf ,Parl II, Section 3, Sub-Section (i)l Government of India Ministry of Corporate Affairs Notification New Delhi, 27th July,2016 G.S.R. .-In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the companies Act, 2013 (18 of 2013), the central Govemment hereby makes the following rules further to amend the Companies (Incorporation) Rules, 2014, namely:- 1. (1) These rules may be called the Companies (Incorporation) Third Amendment Rules,2016. (2) They shall come into force on the date of their publication in the Official Gazette. 2. ln the Companies (lncorporation) Rules, 2014 (hereinafter referred to as the principal rules), in rule 3, for sub-rule (2), the following shall be substituted, namely:- * (2) A natural person shall not be member of more than a One Person Company at any point of time and the said person shall not be a nominee of more than a C)ne Person Company". 3. In the principal rules, in rule 8,- (a) in sub-rule (2) for clause (ii), the following shall be substituted namely:- ..(ii) it includes the name of a trade mark registered or a trade mark which is subject of an application for registration under the Trade Marks Act, 1999 and the rules framed thereunder unless the consent of the owner or applicant for registration, of the trade mark, as the case may be, has been obtained and produced by the promoters;" (b) in sub-rule (6), in clause(n), the comma between the words 'financial' and 'comoration' shall be omitted.
  • 2. 4. In the principal rules, in rule 13, after sub-rule (2), the following Explanation shall be inserted, namely:- "Explanation.- For the purposes of sub-rule (1) and sub-rule (2), the type written or printed particulars of the subscribers and witnesses shall be allowed as if it is written by the subscriber and witness respectively so long as the subscriber and the witness as the case may be appends his or her signature or thumb impression, as the case may be." 5. In the principal rules, in rulel6,- (i) in sub-rule ( 1),- (a) in clause (m), the following Explanation shall be inserted, namely:- "Explanation.- In case the subscriber is already holding a valid DIN, and the particulars provided therein have been updated as on the date of application, and the declaration to this effect is given in the application, the proof of identity and residence need not be attached."' (b)"clause (q) shall be omitted; (ii) in sub-rule (2) in clause (g), the words " or partnership firm" shall be omitted. 6. In the principal rules, for rule 26, the following rule shall be substituted, namely:- "26. Publication of name by company.- (1) Every company which has a website for conducting online business or otherwise, shall disclose/publish its name, address of its registered office, the Corporate Identity Number, Telephone number, fax number ifany, email and the name ofthe person who may be contacted in case ofany queries or grievances on the landinglhome page of the said website. (2) The Central Govemment may as and when required, notify the other documents on which the name of the company shall be printed.". 7. In the principal rules, in rule 28, in sub-rule (2), after the second following proviso shall be inserted, namely:- the
  • 3. t "Provided also that on completion of such inquiry, inspection or investigation as a consequence of which no prosecution is envisaged or no prosecution is pending, shifting of registered office shall be allowed.". 8. In the principal rules, in rule 29, for sub-rule (1), the following shall be substituted, namely:- "( I ) The change of name shall not be allowed to a company which has not filed annual returns or financial statements due for filing with the Registrar or which has failed to pay or repay matured deposits or debentures or interest thereon: Provided that the change of name shall be allowed upon filing necessary documents or payment or repayment of matured deposits or debentures or interest thereon as the case may be." 9. In the principal rules, in rule 30,- (A) in sub-rule (1), after clause (i), the following shall be inserted namely:- "O a copy of the No Objection Certificate from the Reserve Bank of India where the applicant is a registered Non-Banking Financial Company" (B) in sub-rule (6), in clause (c) the words "and to the Securities and Exchanse Board in the case of listed companies" shall be omitted; (C) in sub-rule (10), after the proviso, the following Explanation shall be inserted, namely:- "Explanation.- On completion of such inquiry, inspection or investigation as a consequence of which no prosecution is envisaged or no prosecution is pending, shifting ofregistered office shall be allowed.". 10. In the principal rules, after rule 36, the following rule shall be inserted, namely:- "37. Conversion of unlimited Iiability company into a limited Iiability company by shares or guarantee.- (1) Without prejudice to any other provision in the Companies Act for effecting the conversion of an unlimited liability company with or without share capital into limited liability company by shares or guarantee, such a company shall pass a special resolution in a general meeting and thereafter, an application shall be filed in Form No. INC- 27 inthe manner provided in sub-rules (2) and (3).
  • 4. (2)The Company shall within seven days from the date of passing of the special resolution in a general meeting, publish a notice, in Form No. INC-27A of such proposed conversion in two newspapers (one in English and one in vernacular language) in the district in which the registered office of the company is situate and shall also place the same on the website of the Company, if any, indicating clearly the proposal of conversion of the company into a company limited by shares or guarantee, and seeking objections if any, from the persons interested in its affairs to such conversion and cause a copy of such notice to be dispatched to its creditors and debentures holders made as on the date of notice of the general meeting by registered post or by speed post or through courier with proof of dispatch. The notice shall also state that the objections, if any, may be intimated to the Registrar and to the company within twenty-one days of the date of publication of the notice, duly indicating nature of interest and grounds of opposition. (3)The Company shall within forty five days of passing of the special resolution file an application as prescribed in sub rule (1) for its conversion into a company limited by shares or guarantee alongwith the fees as provided in the Companies (Registration offices and Fees) Rules, 2014, by attaching the following documents, namely:- notice of the general meeting along with explanatory statemen! copy of the resolution passed in the general meeting; copy of the newspaper publication; a copy of altered Memorandum of Association as well as Articles of Association duly certified by any one of the Directors duly authorised in this behalf or Company Secretary of the Company, if any. e. declaration signed by not less two Directors of the Company, including Managing Director, if any, that such conversion shall not affect any debts, liabilities, obligations or contracts incurred or entered into by or on behalf of the Company before conversion (except to the extent that the liabiliw of the members shall become limited). f. a complete list of creditors and debenture holders, to whom individual notices have been sent under sub-rule (2) setting forth the f ollowing details, namely:- a. b. c. d. than if anr
  • 5. (i) the names and address of every creditor and debenture holder of the Company; (ii) the nature and respective amounts due to them in respect of debts, claims or liabilities: (iii) declaration by a Director of the Company that notice as required under sub-rule (2) has been dispatched to all the creditors and debenture holders with proof of dispatch. C. a declaration signed by not less than two Directors of the Company, one of whom shall be a Managing Director where there is one, to the effect that they have made a full enquiry into the affairs of the Company and, having done so, have formed an opinion that the list of creditors is correct, and that the estimated value as given in the list of the debts or claims payable on a contingency are proper estimates of the values of such debts and claims and that there are no other debts or claims against the company to their knowledge. h. a declaration of solvency signed by at least two Directors of the Company, one of whom shall be the Managing Director, where there is one to the effect that the Board of Directors of the Company have made a full inquiry into the affairs of the company, as a result of which they have formed an opinion that it is capable of meeting its liabilities and will not be rendered insolvent within a period of one year from the date of declaration, through a resolution, passed in a duly convened meeting or by circulation. i. The company shall also obtain a certificate from the Auditors that the company is solvent and that it is a going concern as on the date of passing of resolution by the Board certifying solvency as per clause (h) above. j. No Objection Certificate from sectoral regulator, if applicable. k. No Objection Certificate from all secured creditors, if any. (4) Declaration signed by not less than two Directors including Managing Director, where there is one, that no complaints are pending against the company from the members or investors and no inquiry, inspection or investigation is pending against the company or its Directors or officers.
  • 6. (s)The Registrar shall, after considering the application and objections if any, received by the Registrar and after ensuring that the company has satisfactorily addressed the objections received by the company, suitably decide whether the approval for conversion should or should not be granted. (6)The certificate of incorporation consequent to conversion of unlimited liability company to into a company limited by shares or guarantee be in Form INC-11A issued to the company upon grant of approval for conversion. (7)Conditions to be complied witfu subsequent to conversion.- (1) Company shall not change its name for a period of one year from the date of such conversion. (2) The company shall not declare or distribute any dividend without satisfying past debts, liabilities, obligations or contracts incurred or entered into before conversion. Explanation: For the purpose of this clause, past debts, liabilities, obligations or contracts does not include secured debts due to banks and financial instibutions. (8) An Unlimited Liability Company shall not be eligible for conversion into a company limited by shares or guarantee in case- (a) its networth is negative, or (b) an application is pending under the provisions of the Companies Act 1956 or the Companies Act, 2013 for striking off its name, or (c) the company is in default of any of its Annual Returns or financial statements under the provisions of the Companies Act, 1956 or the Companies 4ct,2013, or (d) a petition for winding up is pending against the company, or (e) the company has not received amount due on calls in arrears, from its directors, for a period of not less than six months from the due date; or (f) an inquiry, inspection or investigation is pending against the company. (9) The Registrar of Companies shall take a decision on the application filed under these rules within thirty days from the date of receipt of application complete in all respects.
  • 7. 11. In the principal rules, Form No. INC-10 shall be omitted. 12. In the principal rules, for Form No. INC-11, the following forms shall be substituted. namelv:- "Form No.lNC-11 GOV[iRNMEN]'OII IND:A MIN IS'I'RY OI' C]ORPORAI'L] AITITA I RS Central Registlation Centre Certificate of Incorporation [Pursuant to sub-section (2) o1'section 7 o1'the Companies Act, 20 | 3 ancl rule 8 the Companies (lncorporation) Rules. 20 | "{l I hereby certify that <name of the company> is incorpurated on this (i.e. FIRST, SECOND etc.) day of <Month of'approval o1'work item in wordp 1wo thousand --YEAR o{'approval ol rvork item in words> under the Companies Act. 2013 and that the company is <limited by shares/lirnited hy guarantee/unIimited company>. The CllN of the company is <ClN>. Given under my hand at < Namc o1'the citv rvhere the RoC Ol'lice is localed > lhis < Date ol' approval of thc rvork itenr in words (i.e F'lRS'l-, SECIOND etc.)> day ol'< Mouth of approval of the work ilenr in words > <YUAR of'approval of the wolk item in words>. DSC <Assisrant Re_qistrar of con;tJ ;il;,;'J[,]li:li:iliilffi T:;iJlf iltHH':.:: Fol and on behalfol'the Jurisdictional Registlar of Cornpanies Il.egistrar o1' Companies Central Registration Centre Disclaimer: This certifioate only evidences incorpclration ol' the colnpany on the basis of documents and declarations of the applicant(s). 'l'his certilicate is neifier a license nor penrission to conduct business or solicit deposits or t'unds fionr public. Perrnission of secror regulator is necessary wherevor recluired. Registration status itncl other details ol'the company can be verillcd ()n ..n1.r.!,t.irl Mailing Addless as per the reoords available in Registrar olCompanies oflice: < Name of the company > < Address of the correspondencc/registered olllce of the conrpany >".
  • 8. Form No. INC-11A Certificate of Incorporation pursuant to conversion of Unlimited Liability company into Limited Liability Company [pursuant to section 18 of the Companies Act,2013 read with rule 37 of the Companies (Incorporation) Rules, 2014] I hereby certify that....,..........(name of the company prior to conversion) having unlimited liability has been converted into..........(name of the company after conversion) company having limited liability with effect from the date of this certificate and the company is limited by shares or limited by guarantee. The CIN of the companv is........... Given under my hand at............... this..................... day of two thousand. SEAL: Registrar of Companies 1.3. in the principal rules,, for inserted, namely:- Form the following forms shall be
  • 9. Form language o o Hindi Refer the instruction kit for filing the form. 1. tApplication for o Conversion of private company into public company o Conversion of public company into private company o Conversion of Unlimited Liability Company into Company Limited by shares or guarantee 2. *(a) Corporate identity number(ClN) of company (b) Global Location Number (a) Name of the Company (b) Address of registered office (c) email Id of the company *Particulars of filing Form No. MGT-14 with Registrar of Companies (RoC) (a) SRN of Form No. MGT-14 (b) Date of passing the special resolution (DD/MM/YYYY) (c) Date of filing Form No. MGT-14 5. 1'Pafticulars of the order of Tribunal (a) Date of passing the order (DD/MM/YYYY) FORM NO. INC-27 [Pursuant to sections 74 and 78 of the Companies Act, 2Ol3 and Rule 33 and Rute 37 made there under of the Companies Rules, 20731 Conversion of public company into private company or private company into public company and Conversion of Unlimited Liability Company anto a Company Limited by shares or guarantee
  • 10. (b) Date of receiving the order at the time of incorporation (to be in the 7' (a) Details of members present at the meeting where the decision of conversion was taken and number of shares held by them (i) tNumber of members (ii) Numberof shares treta offi (b) Details of the members who shares held by them (i) *Number of members (ii) Number of shares held (c) Details of the members held by them (i) xNumber of members (ii) Number of shares held by them (d) Details of members who abstained them (i) *Number of members (ii) Number of shares held bv them Attachments xMinutes of the members' meeting; x Copy of altered Memorandum Articles of Association ; 3. Order for condonation of delay; 4. *Copy of special resolution; 5. xCopy of newspaper publication; 6. Order of competent authority; 7. tDeclaration of all Directors by them who voted against the proposal and number of shares voted in favour of the proposal and number of from voting and number of shares held by List of attachments Remove Attachment Attach l*.*l t A,,r.t I [^*"rl f;.d. I f- ^*.h I 1. xName of the company 10
  • 11. as per Rule 37(3)(e); 8. xDeclaration of Directors As per Rule 3Z(3Xg); 9. xComplete list of creditors and debentures holders; 10. *Declaration of Solvency; Attach Attach Attach 11.*Declarationregardingnocomplaints Attach As per Rule 37(4) 12.x A copy of Statutory Auditors Certificate Attach l3.Optional attachment(s) (if any) Declaration To the best of my knowledge and belief, the information given in this application and its attachments are correct and complete. The company has obtained all the mandatory approvals from the concerned authorities, departments and substantial creditors. I have been authorized by the board of directors' resolution number ;B dated x (DD/MM/YYYY) to sign and submit this application. rflll osc aox To be digitally signed by {Designation xDirector identification number of the director; or DIN or PAN of the manager or CEO or CFO; or Membership number of Company secretary Note: Attention is drawn to provisions of section 448 and 449 of the companies Act, 2013 which provide for punishment for talse statement / certificate and punishment for false evidence respectively. 11
  • 12. For offlca uco only: i 'l r '' -;l :: t l:t l:l 6Fofm srrvice .!qu63t number (sRN) f .--*--l eForm fiting date F,oD/MM/yyyy) Digital signaturs of tho authorbing officer This e-Form b hrreby approv.d This e-Form is heroby rejectod Datr ot 3igning [: [] f_: :.:::.i'. ' t.t.).)..-. ,.tt t)t (DD/MM/YYYY) 12
  • 13. Form no INC-27A f[Pursuant to rule 37(2) the Companies (Incorporation) Rules, 2014] Advertasement to be published in the newspaper for conversion of unlimited liability into limited liability company Before the Central Government Region In the matter of the Companies Act, 2013, Section 18 of Companies Act, 2013 and rule 37 of the Companies (Incorporation) Rules, 2014 AND In the matter of Limited (unlimited liability company) having its registered office at Petitioner Director Date Place. Notice is hereby given to the General public that the company proposes to maKe application to the central Government under section 18 of the companies Act, 2013 seeking confirmation of alteration of the Memorandum of Association of the company in terms of the special resolution passed at the Annual General Meeting/ Extra ordinary general meeting held on to enable the company to convert from unlimited liability into limited liability,,. Any person whose interest is likely to be affected by the proposed conversion from unlimited liability into limited liability may deliver or cause to be delivereo or send by registered post of his/her objections supported by an affidavit stating the nature of his/her interest and grounds of opposition to the Registrar of companies (address of the ROC) within twenty-one days from the date of publication of this notice with a copy to the applicant company at its registered office at the address mentioned below: For and on behalf of the Applicant 12
  • 14. tF.Ngr rtr3/20t3 CL-vl nf*w, AMARDEEP SINGHBIIATIA, Jt. Secy. Note: The principal notification was published in the Gazette of India, Extraordinary Part II, Section 3, Sub-section (i) vde number G.S.R. 250(E) dated 3l't March, 2014 and subsequently amended videthe following notifications:- Serial Number Notification Number Notification Date l. G.S.R. 349 (E) 0l-05-2015 2. G.S.R.442 (E) 29-05-2015 3. G.S.R. ee (E) 22-01-2016 4. G.S.R.336(E) 23-03-2016 14
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