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A public limited company might want to change to a franchise business because they want to invest in more money and gain more profits.
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Why would a public limited company change to a franchise?
mium ytjrrui herht
Why would the cooperative change to a public limited company?
In the public limited company the chances of expansion is better and easier. They can go to public and invite stock and expand their capital As the transparency is good in a public limited company they get access to buying supplies and machinery on credit and easy terms.
What does it take to get a harbor freight franchise in sequim Washington?
A change in Harbor Freight's policies. The stores are not franchises - they're corporate.
Procedure to change the name of private limited company?
CHANGE IN NAME OF THE COMPANYA company's name is considered as identity of the company (Public or Private), which may be changed with the approval of members in the general meeting. According to section 21 of the Companies Act, 1956, a special resolution is required to be passed at the general meeting along with the approval of the Central Government (Powers have been delegated to the Registrar of Companies).Steps involved for change in the name of a companyPlease find below the procedure for altering name clause of Memorandum and Articles of Association of the company:Board meeting for deciding the agenda for change in nameThe Board of directors of a company should first consider the need and reason for changing name of the company. Change of name for an existing company may be due to:(a) the new name is corresponding to a new business which it has proposed to undertake;(b) a company, which has been carrying on its business for a long time and has established a standing in the market, may decide to shorten its name and may like to be known by its abbreviated name as for example "LIC Ltd." in place of Life Insurance Corporation of India Ltd., etc.Seeking name availability for proposed new name from the ROCAn application in e-Form 1A is required to be made along with necessary filing fee of Rs. 500 to the ROC for getting confirmation regarding availability of the proposed new name. The Registrar shall intimate the applicants about the status of availability of name.Approval of members in general meetingAfter getting name availability confirmation from the ROC, the Board shall convene a general meeting of members for the purpose of getting member's approval through passing special resolution u/s 21. The resolution so passed shall be subject to approval of the Central Government. (powers have been delegated to the Registrar of Companies).As change of name of company involves amendment in Memorandum (MOA) and Articles of Association (AOA) etc., so special resolutions also required to be passed for alteration of MOA and AOA.Registration of Special Resolution with ROC through form-23 (Section-192)As desired by section 192 (4)(a) Company shall also file certified copy of the special resolution along with explanatory statement with ROC through form-23 within 30 days of general meeting.Filing of form-1B with ROC u/s 21In accordance with section 21 an application in form 1B is to be made to the ROC (Powers delegated to the ROC by Central Government) for approval of change of name of the company along with requisite fee.Some important points to be observed for quick ROC approval are:(a) company should furnish sufficient reasons for change in name;(b) proposed name should not be undesirable as per the Govt. guidelines;(c) for the application of abbreviated name, the company is well established and has a reputation in the market. On being satisfied the Registrar shall accord his approval for the change in name and shall issue a certificate of such effect.Continuation of all legal proceedings by or against the company with the new nameAs per section 23 change of name in the company shall not affect any rights or obligations of the company. Any legal proceedings, which might have commenced in the former name, shall be continued with the new name.Change of name by Non-Banking Financial Company for name changeAs per RBI guidelines, the NBF Companies are required to collect approval of RBI for change in their names. Therefore, the ROC shall require the "No Objection Letter" from the RBI before confirming name availability.Such companies are required to submit an application to the RBI at their Regional Office, where the registered office of the company is situated. Annexure to be filed with application are:1. Reason for change in name2. Copy of the Board resolution3. Auditors' certificate for non-acceptance of public deposit4. Future business plans of the company.After collecting "No Objection Letter" from the RBI, the same is required to be submitted to the ROC, in order to allow ROC to decide availability of name.Rectification of name of an existing company(Section-22)In case if the name of a company on its registration or on registration with changed name, it has come to the knowledge of the company or if in the opinion of the Central Government the name of the company is identical or closely resembles the name of a company which is already in existence, such company on the knowledge of the facts itself or by the Central Government, may be asked by the Central Government to change the name within 12 months of incorporation or change in the name of the company as the case may be.Procedure for rectification of name is as follows:---(a) Apply to the ROC in Form 1A for name availability along with fee of Rs. 500;(b) Hold a board meeting and collect the approval of board by passing a board resolution to change the name.(c) Also fix the date and time for a general meeting and adopt the notice to be sent to the members.(d) after getting the member's approval through an ordinary resolution, apply to the Regional Director in e-Form 24A, (to whom power is delegated under section 22), for obtaining approval for the change in name.(e) After receiving the approval from the Regional Director, apply to the Registrar for issuance of a fresh certificate of incorporation.1. Specimens of Special Resolutions for change in the name of the company"RESOLVED THAT pursuant to the provisions of section 21 and other applicable provisions of the Companies Act, 1956 if any, and subject to the availability of name and the approval of the Registrar of Companies the name of the company be changed from ABC PRIVATE LIMITED to XYZ PRIVATE LIMITED and the Name of ABC Private Limited, wherever it appears in the Memorandum, Articles, documents, etc. be substituted by the new name 'XYZ Private Limited' in due course."2. Specimen of special resolution for amendment in Clause No. I of MOA regarding change in name."RESOLVED THAT Clause I of the Memorandum of Association of the Company be substituted by the following:'The Name of the company is XYZ PRIVATE LIMITED'3. Specimen of special resolution for amendment in Clause No. ____ of AOA regarding change in nameRESOLVED THAT Clause _____ of the Articles of Association of the company be substituted by the following:"The Company" means XYZ PRIVATE LIMITED4. Specimen of General Meeting Resolution for rectification of name of the Company u/s 22"RESOLVED THAT pursuant to the directions of the Central Government (powers delegated to the Regional Director) and in accordance with section 22 of the Companies Act, 1956, the name of the Company be and is hereby changed from ............ LIMITED to ......... LIMITED and that consequential amendment be made to the Memorandum of Articles of Association of the company.
How do you buy a franchise?
Buying a franchise involves multiple levels of inquiry. First, a significant amount of personal circumspection is required. Do I have what it takes to be a successful franchise owner? Leaping into a franchise relationship if one is not suited to it can only spell disaster. The second level of inquiry is determining what type of industry and business you are most suited for. A franchise investment is the most important financial and psychological decision most people ever make. It is important to ascertain what type of business you feel comfortable operating six to seven days a week, putting in usually 60 to 80 hours a week, performing a variety of tasks. With no paid vacations or benefits, franchise ownership is a big change for most people. Finally, one a type of business is selected, it is a matter of researching the companies that are offering franchises for this type of business, comparing their franchise programs, and then applying to the best of these. According to Mr. Franchise, a significant amount of franchise due diligence is required these days, even in the case of some better known franchise brands. Typically, you will go through as process similar to interviewing for a job with most franchise companies. Many unscrupulous companies will offer franchises to obviously unqualified candidates. Before signing long-term contracts that can last ten years or more, and investing large sums of money, the need for franchise due diligence is very apparent. There's more to take into consideration when it comes to owning a Franchise. Consulting a Professional Franchise Consultant is also a great alternative to efficiently evaluate your decisions quickly, when purchasing a Franchise, which can save time for a Franchisee who would like to get started right away, and learn at the same time.
Why would a public limited company change to a franchise?
mium ytjrrui herht
Why would a franchise like to change to a public limited company?
Because they want to more money and invest more, also they want to make their franchise grow and have higher reputation : D
Why would the cooperative change to a public limited company?
In the public limited company the chances of expansion is better and easier. They can go to public and invite stock and expand their capital As the transparency is good in a public limited company they get access to buying supplies and machinery on credit and easy terms.
Why would a private limited company change to a public limited company?
Becoming a PLC allows a company to sell shares to members of the public on the stock exchange. The reason a company would do this is to generate funds and grow as a businessJack x
How sainsbury have change since start up?
They have changed ownership type since they started: 1869-they where a sole trader 1922- they became a private limited company 1873- they befcame a public limited company
Can public limited companies change to private limited companies?
Yes, Public Limited Companies can be changed to Private Limited. There is provision to do so at the Indian Companies Act, 1956. The Public company should issue shares to the public, and to increase its number of Directors and to change its Articles of Association, Prospectus, Memorandum of Association etc.
What type of business ownership could franchise change to?
a franchise will change to a LTD
Did ford motor company ever change owners?
No, Ford is a public company owned by the stockholders and the Ford family.
How can I change the name on a building owned by a limited company?
That would be a matter for the Board of Directors to determine.
What is needed to change or convert a private company into a public company?
Generally public issuance of stock, most often through an initial public offering, plus registration with the SEC and many regulatory criteria.
Is science limited only to ideas and concepts that are testable?
No. Because scientific theories change as public opinion changes
Why do so many large companies change to a public company?
The government buys or starts funding them. A 'public' business is run or funded by the government.
