| Permitting Change in
Constitution
(Industrial/Commercial/Institutional
plot/premises). |
| Requirements/Enclosures
|
|
Application on letter
head of Firm/Company/ Society/ Trust as the case
may be can be submitted by the allottee in the
concerned office along with the following
documents:- |
| 1 |
No dues certificate regarding
upto date payment of dues from concerned
Accounts Officer |
| 2 |
Certified copy of Partnership Deed/Amended
Partnership Deed/Dissolution Deed, Certificates
issued by Registrar of Firms (Form A, B &
C)/Memorandum and Article of Association of the
Company, Certificate of Commencement of
Business, certified copy of List of Directors
and List of Shareholders (not required if the
company is listed with Stock Exchange), copy of
the intimation about Directors/Shareholders sent
to the Registrar of Companies (Form 32)
certified copy of Board Resolution |
| 3 |
Payment deposit challan about payment of
transfer charges in Noida' account in one of the
authorized banks shall be required to be
enclosed in original |
| 4 |
No CIC charges shall be applicable if the
incoming partner/shareholder is any of the
following relationship of the original
allottee(s)
- Father, mother, grand parents, sister,
brother, son, daughter, husband/wife,
grandson/grand daughter, wife of son/son-in-law,
husband of grand daughter, wife of grandson and
vice-versa (applicable for industrial
plot/premises).
- Father, mother, son, daughter, husband, wife
and vice-versa (applicable for commercial and
institutional plot/premises).
- An affidavit to the above effect shall be
required in the prescribed format . |
| 5 |
The allottee shall be required to retain
minimum 25% shareholding in the changed
constitution as per terms and conditions of
brochure/allotment/ lease deed for a period of 3
years. In commercial department change in
constitution shall be permitted as per terms of
brochure of the relevant scheme |
| 6 |
Change in constitution prior to execution
of lease deed shall be permissible limiting to
the relationship stated in para 3 above, as the
case may be |
| 7 |
Change in constitution other than the above
relationship shall be permissible after
execution of lease deed and subject to payment
of CIC charges equivalent to transfer charges to
the extent of percentage of shareholding
transferred |
| 8 |
In case of industrial plot/premises change
in constitution other than the above stated
relationships shall only be permissible once the
unit has been declared functional |
| 9 |
A CIC deed shall be required to be executed
and registered with Sub-Registrar Noida with
respect to the change in constitution, which
also includes change in shareholding within 60
days from date of grant of such permission. It
shall be required to executed irrespective of
the relationship of the incoming
partner(s)/shareholder(s). |
| 10 |
Functional letter issued in favour of the
Sole Proprietor/Firm/Company prior to change in
constitution shall hold good for the purposes of
the changed constitution w.e.f. the date of such
communication |
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