Registered Office Change
Changing a Company's Registered Office
A registered office is the official address of a company where all legal documents and formal communications from the Registrar of Companies (ROC) are received. It is also mentioned in key documents like the Memorandum of Association (MOA) and Articles of Association (AOA).
🔄 Why Change a Registered Office?
Companies may choose to change their registered office for various reasons, including:
- 📈 Business growth requiring a larger space
- 📍 Relocation to a better business location
- 💰 Cost management by moving to a more affordable area
Overview of the EPF Scheme with Samnic4U
The Employees’ Provident Fund (EPF) Scheme is a vital government-backed social security initiative aimed at encouraging employees to save for their future. Both employers and employees contribute regularly to help build a significant retirement fund, providing financial security during retirement or unexpected life events.
🔑 Key Access Points for EPF Funds:
- Retirement: Full withdrawal is allowed upon reaching the retirement age of 58 years.
- Unemployment: Withdraw funds if unemployed for over two months.
- Early Withdrawal: Permitted under special circumstances like severe illness or financial emergencies.
- Death: In case of the employee’s unfortunate demise, the accumulated funds are transferred to the nominated beneficiaries.
Types of Private Limited Companies:
1. Company Limited by Shares
- The most common type of private limited company.
- Shareholders’ liability is restricted to the amount unpaid on their shares.
- The company’s capital is divided into shares, and members are only liable for their subscribed shares.
2. Company Limited by Guarantee
- Members’ liability is limited to the guarantee amount mentioned in the Memorandum of Association (MOA).
- The guarantee is applicable only if the company is wound up.
- Commonly used for non-profit organizations, clubs, or charitable trusts.
3. Unlimited Company
- No limit on members’ liability, meaning personal assets can be used to cover company debts.
- Despite unlimited liability, the company is still considered a separate legal entity.
- Rarely used due to the high financial risk involved.
Documents Required for Private Limited Company Registration
