Change in Company Objectives

For a common person, the only objective of a company is to make a profit. However, there are other objectives as well associated with the company. A company, at any time of the year, is allowed to change or add the objectives after registration. If the company wants to change or add the objectives, the company, depending on the scenario, must organize the board of directors or board of shareholders meeting. The documents and the date of the meeting must be submitted to the government within 14 days from the date of the meeting.

In the first step, a notice of the meeting should be published at least once in a local newspaper, no later than 14 days before the date of the meeting. The shareholders must also be informed via a written letter about the meeting. After this meeting, within 14 days, the objectives at the Department of Business Development (DBD) can be changed by submitting all the relevant government forms and documents. For this reason, you need to provide us with the list of objectives you like to change, add or remove along with the company documents and identification documents of the shareholders and board of directors. We can complete the government forms based on the provided information. The client will have to sign these forms prior to submission.

Secondly, the objectives of the company at the Revenue Department need to be changed. There is no government fee applicable to change the objectives at the Revenue Department.
The client needs to provide the following documents:

• Amendment form for VAT registration
• Original VAT certification (PP 20) along with one copy of the said document
• Three copies of VAT registration (PP 01)
• Copy of ID card and house registration of the directors
• Power of attorney
• Full set of company affidavit

Documents Needed to Change Objectives at Social Security Fund

We need the following documents:

• Company affidavit
• Form SorPorSor.6-15
• Power of attorney
• Copy of ID card or passport of Director(s)

These are some documents that our clients need to provide us

Need Help

If you are on a quest for a firm to help you change the objectives of your business, let our team of accounting and legal professionals help you. You can also contact us for a free consultation.