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September 2011

Simplification of procedure for delay in filing forms for charges and for shifting of registered office from one state to another.

By Sejal Vasa, Company Secretary
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The Ministry of Corporate Affairs vide General Circular No. 51/2011, dated 25th July 2011, shifted the work relating to the rectification of charges and condonation of delay in filing the requisite forms for charges u/s. 141 of the Companies Act, 1956, from the Company Law Board to the Central Government. The simplified process is expected to be implemented on 24th September 2011. Similarly the jurisdiction for the approval of shifting the registered office from one state to another and consequent alteration of the Memorandum of Association of the company u/s. 17 of the Act has been shifted from Company Law Board to the Central Government and the simplified process is expected to be implemented on 24th September 2011.

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