Sunday 25 November 2012

Petition before CLB for confirmation of change in Registered Office clause




Such petition is not necessary for change of objects. CLB sanction is necessary only for inter-State shifting of registered office.
The petition under sub-scction (2) for confirming alteration in Memorandum of Asso­ciation as to change of place of the registered office from one State to another has to be made in Form No. I of Annexure-II and as per Regulation 36 of CLB Regulations, 1991 before the Regional Bench of the Company Law Board, accompanied by (he following documents and application fee of Rs. 1000/-:
(1)   Copy of the memorandum and articles of association.
(2)   Copy of the notice calling the meeting with Explanatory Statement.
(3)   Copy of the Special Resolution sanctioning the alteration by the members of the company.
(4)   Copy of the minutes of the meeting at which the Special Resoultion was passed.
(5)   Copy of the latest audited balance-sheet with the profit and loss account of the company with auditor’s report and directors’ report.
(6)   List of creditors and debenture holders and evidence of service of notice on them under U.P.C.
(7)   Affidavit veryfying list of creditors as per Regulation 36(7).
(8)   Affidavit proving despatch and service of notice together with newspaper cuttings.
(9)   Affidavit verifying the petition.
(10) Acknowledgment receipts from the Registrar of Companies/Regional Director and/or from the Chief Secretary of the State Government/Administrator, where applicable [See Regulation 14(3) (and 36(2))].
(11) Bank draft or bankers cheque evidencing payment of application fee.
(12) Memorandum of appearance in Form No. 5 of Annexure II with copy of the Board Resolution or the executed Vakalatnama, as the case may be.
Publish a general notice, at least once, in the district in a daily newspaper published in English and in the principal language of the district in which the registered office of the company is situated, and circulating in that district clearly indicating the substance of the petition and stating that any person whose interest is likely to be affected by the proposed alteration of the memorandum may intimate to the Bench Officer within twenty-one days of the date of publication of that notice stating the nature of interest and grounds of opposition. Where no objection has been received from any of the pat­ties who have been duly served, the Bench Officer may put up the petition for orders without hearing.
The company shall, not less than one month before filing the petition, publish a general notice in the daily newspapers (in regional language and in English language) circulating in the District in which registered office is situated for inviting objections, if any, and also serve under certificate of posting individual notices on each debenture-holder and creditor [Regulation 36(l)(i)]. Petition is required to be filed within two months from the date upto which the list of creditors is prepared and notice to creditors/debenture-holders be issued Under Postal Certificate (UPC) within one month before the date of filing the petition before CLB [Regulation 36(6)]. The company may seek dispensation from the requirement of service of notice on the debenture-holders/creditors by making an inter­locutory application, in terms of Regulation 48.
In case of change of registered office from one State to another, notice of the petition may be served by registered post on the Chief Secretary of the State Government or the Administrator or the Lt. Governor, as the case may be. A copy of the petition shall also be served on the Registrar of Companies (also on the Regional Director in case of a sec­tion 25 company). An affidavit to prove despatch, publication and service of notice should be enclosed with the petition.
It may also be ensured that the services of employees and workers are not terminated and they are also not retrenched consequent upon shifting of the registered office

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