Twitter ᱨᱮ ᱥᱮᱭᱟᱹᱨ
Abstract
ᱠᱚᱢᱯᱟᱱᱤᱠᱩ ᱫᱚ ᱥᱚᱨᱠᱟᱨ ᱴᱮᱱ ᱢᱤᱛ ᱠᱟᱭᱞᱟᱭᱚ ᱧᱩᱛᱩᱢ ᱚᱞ ᱩᱪᱩᱭ ᱦᱩᱭᱩᱜ ᱞᱟᱜᱛᱤᱭᱟ. ᱱᱚᱣᱟ ᱠᱟᱨᱭᱟᱞᱚᱭ ᱨᱮᱭᱟᱜ ᱴᱟᱸᱣ ᱫᱚ ᱵᱟᱱᱩᱜ-ᱟ ᱟᱨ ᱢᱩᱠᱷᱤᱭᱟᱞᱚᱭ ᱨᱮᱭᱟᱜ ᱞᱟᱜᱛᱤ ᱵᱟᱱᱩᱜ-ᱟ. Documents need to be maintained at this location and letter heads should contain this address. The name and registered address should be painted or affixed outside every place of business of the company. This requirement is hard for startups working out of shared spaces.
- It is not your office address
ᱡᱟᱦᱟᱱ ᱠᱚᱢᱯᱟᱱᱤ ᱨᱮᱭᱟᱜ ᱠᱟᱨᱭᱟᱞᱚᱭ ᱧᱩᱛᱩᱢ ᱚᱞ ᱩᱪᱩ ᱟᱠᱟᱫ ᱴᱟᱸᱣ ᱦᱩᱭ ᱫᱟᱲᱤᱭᱟᱜ-ᱟ. If you draw three circles, one for government, one for customers and one internal, the registered office will lie at the cusp of government and customers. In the customer circle, the registered office is overshadowed by a corporate or regional office. ᱡᱚᱠᱷᱚᱱ ᱧᱩᱛᱩᱢ ᱮᱢ ᱚᱞ ᱟᱠᱟᱫ ᱠᱟᱨᱭᱟᱞᱚᱭ ᱦᱩᱭᱩᱜ ᱫᱚ ᱢᱤᱛ ᱠᱟᱱᱩᱱ ᱞᱟᱜᱛᱤᱭᱟ, ᱱᱚᱣᱟ ᱤᱭᱮᱛᱮ ᱞᱟᱹᱜᱤᱫ ᱡᱚᱛᱚ ᱟᱨᱵᱟᱝᱠᱷᱟᱱ ᱡᱟᱦᱟᱱ ᱠᱟᱹᱢᱤᱦᱚᱨ ᱪᱟᱞᱟᱣ ᱵᱮᱱᱟᱣ ᱞᱟᱜᱤᱫ ᱞᱟᱹᱜᱛᱤ ᱵᱟᱱᱩᱜ-ᱟ.
ᱟᱨ ᱦᱚᱸ ,ᱛᱤᱱ ᱦᱟᱹᱵᱤᱡ ᱚᱸᱰᱮ ᱡᱟᱦᱟᱸᱭ ᱭᱟᱜ ᱥᱟᱨᱤ ᱚᱯᱷᱤᱥ ᱵᱟᱹᱱᱩᱜ ᱟ, ᱚᱠᱟ ᱨᱮ ᱠᱟᱹᱢᱤᱭᱟᱹ ᱠᱚ ᱠᱟᱢᱤᱭᱟ ᱟᱠ ᱵᱟᱝ ᱚᱠᱟ ᱨᱮ ᱣᱟᱜ-ᱤᱱ ᱢᱮᱱᱟᱜ ᱟ, ᱵᱟᱝ ᱢᱟ ᱫᱚᱠᱟᱱ ᱟᱨ ᱯᱨᱛᱤᱥᱴᱷᱟᱱ ᱟᱫᱷᱤᱱᱤᱭᱚᱢ ᱵᱟᱦᱟᱞᱚᱜ ᱟ, ᱟᱨ ᱵᱟᱝ ᱢᱟ ᱱᱚᱣᱟ ᱵᱮᱵᱥᱟ ᱛᱷᱟᱯᱚᱱ ᱵᱟᱛᱟᱣᱚᱜ ᱟ. This is for cases where most of the work is virtual or through distributed teams.
- New requirements
Hon’ble Finance Minister recently made it compulsory for organisations to have a verified registered office. This is not a new requirement. 1 A registered office has been mandatory under the Companies Act, 2013. it was so under Companies Act, 1956 as well. ᱢᱮᱱᱟᱜ-ᱟ ᱞᱟᱜᱛᱤᱭᱟᱜ ᱮᱛᱚᱦᱚᱵ ᱨᱮ ᱧᱩᱛᱩᱢ ᱚᱞ ᱩᱪᱩ ᱟᱠᱟᱫ ᱠᱚᱢᱯᱟᱱᱤ (RoC) ᱠᱩ ᱣᱟᱜ ᱯᱚᱱᱡᱤᱠᱨᱤᱛ ᱴᱟᱸᱣ 30 ᱢᱟᱦᱟ ᱠᱩ ᱵᱷᱤᱛᱨᱤ ᱨᱮ ᱥᱚᱱᱥᱛᱷᱟ ᱨᱮᱭᱟᱜ ᱠᱟᱱᱟ. ᱤᱱᱠᱚᱨᱯᱳᱨᱮᱥᱚᱱ ᱨᱮᱭᱟᱜ ᱚᱠᱛᱚ, ᱚᱱᱟ ᱨᱟᱡᱤᱭ ᱨᱮ ᱩᱞᱮᱠᱷ ᱞᱟᱜᱛᱤᱭᱟ ᱡᱟᱦᱟᱱ ᱨᱮ ᱧᱩᱛᱩᱢ ᱚᱞ ᱩᱪᱩ ᱟᱠᱟᱫ ᱠᱟᱨᱭᱟᱞᱚᱭ ᱢᱮᱱᱟᱜ-ᱟ. ᱢᱮᱱᱠᱷᱟᱱ, ᱪᱟᱨᱴᱚᱨᱰ ᱮᱠᱟᱩᱱᱴ ᱠᱩ ᱟᱨ ᱠᱚᱢᱯᱟᱱᱤ ᱥᱟᱪᱤᱣ 2 ᱨᱮ ᱡᱳᱨ ᱮ ᱮᱢᱟᱜ-ᱟ ᱡᱮ ᱤᱱᱠᱚᱨᱯᱳᱨᱮᱥᱚᱱ ᱨᱮᱭᱟᱜ ᱚᱠᱛᱚ ᱠᱟᱨᱭᱟᱞᱚᱭ ᱨᱮᱭᱟᱜ ᱴᱟᱸᱣ ᱮᱢᱚᱜ-ᱟ.
Concerns: There are a number of issues with this approach. Getting contracts in name of a company that is yet to be incorporated and editing all documents in case the name is not approved. The registered office can be intimated to RoC within 30 days, which should be sufficient to get the paperwork
ACTIVE Form: Some months ago, Ministry of Corporate Affairs came out with the ACTIVE notification that required startups to click pictures and send a video to confirm their existence. This is to fight the menace of shell companies. That was a one time exercise that only applied to companies incorporated till calendar year 2017.
Borrowing: The changes approved by the Parliament are to the effect that a startup shall not be allowed to exercise any borrowing powers or any business before sharing the address of the registered office.
- Legal Implications
There are few legal implications of a registered office. ᱚᱱᱟ ᱠᱩ ᱠᱷᱚᱱ ᱵᱟᱲᱛᱤ ᱚᱱᱟ ᱡᱟᱭᱜᱟ ᱨᱮ ᱨᱤᱠᱟᱨᱰ ᱵᱮᱱᱟᱣ ᱫᱚᱦᱚ ᱠᱷᱚᱱ ᱥᱟᱢᱵᱚᱱᱫᱷ ᱢᱮᱱᱟᱜ-ᱟ. These pertain to the register of members, Articles of association, and other documents that any company is expected to maintain. ᱠᱟᱜᱳᱡ ᱠᱩ ᱨᱮᱭᱟᱜ ᱫᱚᱦᱚ ᱫᱚ ᱵᱮᱜᱟᱨ~ᱵᱮᱜᱟᱨ ᱣᱚᱨᱜ ᱠᱩ ᱞᱮᱠᱟ ᱛᱮ ᱦᱟᱡᱩᱜ-ᱟ. The legal implication of a registered office is just that these documents are to be maintained at that place and that they should be open to public for inspection during specified hours. These hours can be specified through the articles of association. The business is also required to mention the registered address on letterheads and bills of exchange.
ᱢᱤᱫ ᱮᱴᱟᱜ ᱞᱟᱹᱠᱛᱤ ᱚᱠᱟ ᱫᱚ ᱵᱟᱭ ᱦᱩᱰᱤᱧ ᱟ ᱚᱱᱟ ᱫᱮ ᱱᱚᱣᱟ ᱠᱟᱱᱟ ᱡᱮ ᱥᱚᱸᱥᱛᱷᱟ ᱠᱚ ᱠᱚᱢᱯᱟᱱᱤ ᱨᱮᱭᱟᱜ ᱧᱩᱛᱩᱢ ᱟᱨ ᱡᱚᱛᱚ ᱚᱯᱷᱤᱥ ᱟᱨ ᱵᱟᱝ ᱚᱱᱟ ᱡᱟᱭᱜᱟ ᱨᱮᱭᱟᱜ ᱵᱟᱦᱨᱮ ᱧᱩᱛᱩᱢ ᱚᱞ ᱦᱚᱪᱚ ᱴᱷᱤᱠᱟᱱᱟ ᱠᱚ ᱯᱮᱸᱴ / ᱮᱯᱷᱤᱠᱥ ᱦᱚᱪᱚ ᱨᱮᱭᱟᱜ ᱞᱟᱹᱠᱛᱤ ᱠᱟᱱᱟ ᱚᱠᱟ ᱨᱮ ᱵᱮᱵᱥᱟ ᱦᱚᱪᱚᱭᱟ.
- ᱯᱮᱸᱴ / ᱞᱟᱴᱷᱟ ᱥᱮᱞᱮᱫ
Painting or Affixing letters is not a problem for most manufacturing industries. ᱢᱮᱱᱠᱷᱟᱱ, ᱮᱥᱴᱟᱨᱴᱚᱯ ᱡᱟᱦᱟᱱ ᱫᱚ ᱦᱟᱴᱤᱧ ᱟᱠᱟᱫ ᱴᱚᱴᱟ ᱠᱩ ᱠᱷᱚᱱ ᱵᱟᱦᱨᱮ ᱨᱮᱭᱟ ᱠᱟᱹᱢᱤᱭᱟ ᱟᱨ ᱣᱤᱥᱮᱥ ᱞᱮᱠᱟ ᱛᱮ ᱪᱷᱟᱛᱨᱟᱣᱟᱥ ᱨᱮᱭᱟᱜ ᱠᱩᱴᱨᱤ ᱠᱩ ᱟᱨ ᱟᱯᱟᱨ ᱚᱲᱟᱜ ᱠᱩ ᱠᱷᱚᱱ ᱵᱟᱦᱨᱮ ᱨᱮᱭ ᱠᱟᱢᱤᱭᱟ, ᱟᱞᱜᱟ ᱛᱮ ᱯᱟᱞᱚᱱ ᱞᱟᱹᱜᱤᱫ ᱥᱚᱠᱪᱷᱚᱢ ᱵᱟᱱᱩᱭᱟ.
ᱤᱱᱠᱭᱩᱵᱮᱴᱚᱨ ᱫᱚ ᱠᱚᱢᱯᱟᱱᱤ ᱨᱮᱭᱟᱜ ᱧᱩᱛᱩᱢ ᱫᱚ ᱢᱤᱛ “ᱵᱨᱟᱱᱰ ᱣᱟᱞ” ᱨᱮ ᱫᱚᱦᱚ ᱠᱮᱛᱮᱡ ᱢᱤᱛ ᱱᱟᱯᱟᱭ ᱛᱟᱨᱤᱠᱟᱭ ᱥᱚᱫᱚᱨ ᱟᱠᱟᱫᱟ, ᱡᱟᱦᱟᱱ ᱫᱚ ᱡᱚᱛᱚ ᱮᱥᱴᱟᱨᱴᱚᱯ ᱡᱟᱸᱦᱟᱱ ᱴᱮᱱ ᱢᱤᱛ ᱠᱮᱵᱤᱱ ᱢᱮᱱᱟᱜ-ᱟ, ᱢᱤᱛ ᱱᱟᱯᱟᱭ ᱯᱴᱤᱠᱟ ᱨᱮ ᱢᱤᱛ ᱧᱩᱛᱩᱢ ᱧᱟᱢᱟᱭ ᱡᱟᱦᱟᱱ ᱫᱚ ᱵᱷᱤᱛ ᱨᱮ ᱟᱠᱟ ᱟᱠᱟᱱᱟ. ᱡᱮᱞᱤᱠᱟ ᱟᱨ ᱡᱚᱠᱷᱚᱱ ᱮᱴᱟᱨᱴᱚᱯ ᱪᱟᱞᱟᱜ-ᱟ, ᱯᱮᱱᱮᱞ ᱠᱩ ᱚᱪᱚᱜ ᱠᱟᱜ-ᱟ. ᱡᱚᱠᱷᱚᱱ ᱱᱚᱣᱟ ᱨᱮᱭᱟᱜ ᱠᱟᱹᱢᱤ ᱫᱟᱲᱤ ᱩᱫᱮᱥ ᱫᱚ ᱦᱟᱨᱟᱜ-ᱟ, ᱱᱚᱣᱟ ᱫᱚ ᱢᱤᱛ ᱵᱮᱥ ᱠᱟᱹᱢᱤ ᱠᱟᱱᱟ. ᱯᱷᱹᱞᱮᱠᱥᱟᱭᱤᱰ ᱨᱮ ᱠᱟᱹᱢᱤ ᱭᱮᱜ ᱠᱟᱱ ᱮᱥᱴᱟᱨᱴᱚᱯ ᱞᱟᱹᱜᱤᱫ, ᱩᱱᱤ ᱫᱚ ᱩᱱᱠᱩᱣᱟᱜ ᱰᱮᱥᱠ ᱨᱮ ᱠᱚᱢᱯᱟᱱᱤ ᱧᱩᱛᱩᱢ ᱨᱮᱭᱟᱜ ᱩᱞᱮᱠᱷ ᱞᱟᱹᱜᱤᱫ ᱚᱱᱩᱢᱟᱛᱤ ᱢᱮᱱᱟᱜ-ᱟ. ᱢᱤᱛ ᱢᱚᱱᱮ ᱛᱮᱭᱟᱜ ᱠᱩᱠᱞᱤ ᱫᱚ ᱱᱚᱣᱟ ᱠᱟᱱᱟ ᱡᱮ ᱮᱥᱴᱟᱨᱴᱚᱯ ᱡᱟᱦᱟᱭ ᱛᱮ ᱫᱚᱞ ᱠᱩᱣᱟᱜ ᱵᱤᱥᱛᱟᱨ ᱦᱩᱭᱩᱜ-ᱟ ᱢᱮᱱ ᱫᱟ, ᱫᱤᱞᱞᱤ ᱨᱮ ᱢᱮᱱᱟᱜ-ᱟ ᱟᱨ ᱵᱮᱸᱜᱞᱩᱨᱩ ᱨᱮᱱ ᱵᱟᱨ ᱦᱚᱲ ᱢᱮᱱᱟᱜ ᱠᱤᱱᱮ, ᱡᱟᱦᱟᱭ ᱫᱚ ᱥᱟᱦᱟᱸᱣ ᱛᱮᱱ ᱠᱟᱹᱢᱤ ᱦᱚᱲ ᱠᱩᱣᱟᱜ ᱠᱷᱟᱞᱤ ᱡᱟᱭᱜᱟ/ ᱤᱱᱠᱭᱩᱵᱮᱴᱚᱨ ᱠᱩ ᱠᱷᱚᱱ ᱵᱟᱦᱨᱮ ᱨᱮᱭ ᱠᱟᱹᱢᱤᱭᱟ ᱫᱟ. ᱢᱚᱱᱮ ᱢᱮᱱᱟᱜ ᱦᱚᱲ ᱠᱩ ᱞᱟᱹᱜᱤᱫ ᱩᱱᱤᱭᱟᱜ ᱨᱮᱭ ᱨᱮᱭᱟᱜ ᱢᱟᱱᱮ ᱫᱚ ᱠᱟᱱᱟ ᱡᱮ ᱯᱟᱥᱮᱜ ᱢᱤᱛ ᱮᱥᱴᱟᱨᱴᱚᱯ ᱢᱤᱛ ᱥᱟᱦᱟᱸᱣ ᱛᱮᱱ ᱠᱟᱹᱢᱤ ᱦᱚᱲ ᱥᱚᱛᱮᱜ ᱧᱩᱛᱩᱢ ᱫᱚ ᱵᱟᱭ ᱩᱞ ᱩᱪᱩ ᱟᱠᱟᱫᱟ, ᱡᱩᱫᱤ ᱛᱷᱚᱲᱟ ᱠᱚᱨᱢᱪᱟᱨᱤ ᱚᱱᱮ ᱠᱷᱚᱱ ᱵᱟᱦᱨᱮ ᱨᱩ ᱠᱩ ᱫᱩᱯᱩᱲᱩᱜ-ᱟ, ᱛᱚᱵᱮ ᱱᱚᱣᱟ ᱫᱚ ᱢᱤᱛ ᱱᱚᱝᱠᱟᱱ ᱡᱟᱭᱜᱟ ᱞᱮᱠᱟ ᱛᱮ ᱞᱮᱠᱷᱟᱜ-ᱟ ᱡᱟᱦᱟᱱ ᱨᱮ ᱫᱚ ᱮᱥᱴᱟᱨᱴᱚᱯ ᱨᱮᱭᱟᱜ ᱵᱤᱡᱱᱚᱥ ᱨᱮᱱ ᱩᱫᱷᱚᱢᱤ ᱠᱟᱱᱟᱭ. ᱚᱱᱟ ᱢᱟᱢᱞᱟ ᱠᱩ ᱨᱮ (ᱡᱟᱦᱟᱱ ᱨᱮ) ᱯᱚᱴᱴᱤᱠᱟ ᱞᱟᱜᱟᱣᱟ ᱟᱨ ᱱᱚᱣᱟ ᱨᱮ ᱧᱩᱛᱩᱢ ᱚᱞ ᱩᱪᱩ ᱟᱠᱟᱫ ᱠᱟᱨᱭᱟᱞᱭᱚ ᱨᱮᱭᱟᱜ ᱴᱟᱸᱣ ᱛᱟᱦᱮᱱᱟ?
ᱮᱴᱟᱜ ᱪᱤᱱᱛᱮ ᱫᱚ ᱱᱚᱣᱟ ᱠᱟᱱᱟ ᱡᱮ ᱵᱷᱟᱲᱟ ᱛᱮᱭᱟᱜ ᱚᱲᱟᱜ ᱨᱟᱪᱟ ᱨᱮ, ᱥᱚᱢᱯᱟᱛᱤ ᱫᱚ ᱵᱟᱦᱟᱨᱮ ᱧᱩᱛᱩᱢ ᱨᱮᱭᱟᱜ ᱯᱮᱸᱴ/ ᱮᱯᱷᱹᱮᱠᱥ ᱫᱚ ᱢᱩᱥᱤᱞ ᱜᱮᱭᱟ. ᱵᱷᱟᱲᱟ ᱛᱮᱭᱟᱜ ᱯᱚᱨᱤᱥᱚᱱ ᱨᱮ ᱦᱟᱡ ᱞᱮᱱ ᱨᱮ ᱵᱟᱥᱟᱜ ᱟᱨ ᱠᱚᱢᱚᱨᱥᱤᱭᱚᱞ ᱯᱚᱨᱛᱤᱥᱴᱟᱱ ᱠᱩ ᱠᱷᱚᱱ ᱢᱤᱛ ᱠᱟᱞᱚᱸᱠ ᱥᱮᱞᱮᱫ ᱢᱮᱱᱟᱜ-ᱟ. It is no wonder that out of the many startups working out of residential properties or shared spaces, few have received incorporation. ᱤᱱᱠᱚᱨᱯᱳᱨᱮᱥᱚᱱ ᱵᱮᱜᱚᱨ, ᱮᱥᱴᱟᱨᱴᱚᱯ ᱫᱚ ᱮᱥᱴᱟᱨᱚᱯ ᱤᱱᱰᱤᱭᱟ ᱞᱟᱹᱜᱤᱫ ᱵᱟᱝ ᱢᱟᱱᱟᱜ-ᱟ ᱡᱟᱦᱟᱱ ᱫᱚ ᱟᱰᱤ ᱜᱚᱴᱮᱜ ᱞᱟᱵᱷ ᱠᱩ ᱠᱷᱚᱱ ᱵᱟᱱᱪᱟᱣ ᱛᱟᱦᱮᱱᱟ.
