In order to reduce the timelines, Government of India vide Circular No. 50/2011 dated July 25, 2011 has decided to transfer the powers of Company Law Board for the work relating to the shifting of registered office and consequent alteration to the MOA to the respective Registrar of Companies. The petitions filed with the Company Law Board for such purpose and pending as on the effective date of notification shall be transferred to respective Registrar of Companies. Discharging of such functions by the respective Registrar of Companies on implementation of simplified procedures shall on a positive side of the amendment will reduce the cost and the time to get such confirmation and alteration to Memorandum of Association under section 17 of the Companies Ac t, 1956.
The above simplified process is likely to be implemented with effect from 24th September, 2011
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