Wednesday, 26 December 2018

Other conditions to be compiled with the registered companies under section 8 seeking conversion into any other kind.

Other conditions to be compiled with the registered companies under section 8 seeking conversion into any other kind.

The company shall, within a week from the submitting date the application to the regional director, publish at its own expense of notice and the notice copy as published shall be sent to the Regional Director forthwith to the Regional director and the mentioned notice shall be in Form No. INC.19 and shall be published.

at least once in a vernacular newspaper in the principal vernacular language in which the company registered office of the district is located and having a wide circulation in that district, and at least once in English Language in English newspaper having a wide circulation in that district and'

The company shall send a copy notice, simultaneously with its publication together with the application copy and all attachments by a registered post or delivery hand to the Chief Commissioner of Income Tax having jurisdiction over the company, Income Tax Officer who has jurisdiction over the company, the Charity Commissioner the State Chief Secretary in which the registered company office is located any organisation or the Central Government Department or the State Government or other authority under whose jurisdiction the company has been operating and if any of those authorities wish to make to Regional Director representation it shall do so within sixty days of the notice receipt after giving a company an opportunity.

The serving proof notice copy shall be attached to the publication.

The Directors board shall give a declaration to the effect that no portion of the property or income of the company has been and shall be paid or directly transferred or indirectly by ways of bonus or dividend or otherwise to persons who are or have been the company members or to any one or more of them or to any persons claiming through any one or more of them.




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