TMI BlogOther conditions to be complied with by companies registered under section 8 seeking conversion into any other kind.X X X X Extracts X X X X X X X X Extracts X X X X ..... nguage of the district in which the registered office of the company is situated, and having a wide circulation in that district, and at least once in English language in an English newspaper having a wide circulation in that district; and (b) on the website of the company, if any, and as may be notified or directed by the Central Government. (2) The company shall send a copy of the notice, simultaneously with its publication, together with a copy of the application and all attachments by registered post or hand delivery, 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 Chief Secretary of the State in which the register ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bmission of the application to the Regional Director and all other returns required to be filed under the Act up to the date of submitting the application to the Regional Director and in the event the application is made after the expiry of three months from the date of preceding financial year to which the financial statement has been filed, a statement of the financial position duly certified by chartered accountant made up to a date not preceding thirty days of filing the application shall be attached. (6) The company shall 1 [ file the application with a declaration ] from practicing Chartered Accountant or Company Secretary in practice or Cost Accountant in practice certifying that the conditions laid down in the Act and these ru ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iers, service providers and others including employees and lastly any loans advanced by the promoters or members or any other amounts due to them and the balance, if any, shall be transferred to the Investor Education and Protection Fund within thirty days of receiving the approval for conversion; (9) Before imposing the conditions or rejecting the application, the company shall be given a reasonable opportunity of being heard by the Regional Director (10) On receipt of the approval of the Regional Director, (i) the company shall convene a general meeting of its members to pass a special resolution for amending its memorandum of association and articles of association as required under the Act consequent to the conversion of the se ..... X X X X Extracts X X X X X X X X Extracts X X X X
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