Can RJSC refuse to accept a return?
Let me tell you a story.
Few months back, one of our clients wanted to start two different businesses. So, we incorporated two different companies for the client. Except for the object clause, both companies have nearly identical Articles of Association. Businesses were good and soon our client had some new shareholders in those two companies. They needed some restructuring. They also needed to amend the Articles of the two companies.
After few rounds of emails, we finalized the draft, held an extra ordinary general meeting, passed the resolution and adopted the new articles. We submitted all the documents with the Registrar of Joint Stock Companies and Firms (hereinafter “RJSC”) as the Companies Act 1994 required. We were waiting to close the deal.