Thursday, January 25, 2018

INC 18 Conversion of Section 8 to other companies

Form No
Section  and  Rule
INC 18
Pursuant to section 8(4)(ii) of The Companies
Act, 2013 and Rule 23 of The Companies
Rules, 2014]
Section 8  sub section 4  and sub clause
(ii) A company registered under this section may convert itself into company of any other kind only after complying with such conditions as may be prescribed
23. Special Notice.-
(1) A special notice required to be given to the company shall be signed, either individually or collectively by such number of members holding not less than one percent of total voting power or holding shares on which an aggregate sum of   not more than five lakh rupees  has been paid up on the date of the notice.
(2) The notice referred to in sub-rule (1) shall be sent by members to the company not earlier than three months but at least fourteen days before the date of the meeting at which the resolution is to be moved, exclusive of the day on which the notice is given and the day of the meeting.
(3) The company shall immediately after receipt of the notice, give its members notice of the resolution at least seven days before the meeting , exclusive of the day of dispatch of notice and day of the meeting , in the same manner as it gives notice of any general meetings.
(4) Where it is not practicable to give the notice in the same manner as it gives notice of any general meetings, the notice shall be published in English language in English newspaper and in vernacular language in a vernacular newspaper, both having wide circulation in the State where the registered office of the Company is situated and such notice shall also be posted on the website, if any, of the Company.

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