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Import Export Code Updation

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When Import Export Code (IEC) change or Modification required?

When any particulars of registered dealer change then Import Export Code (IEC) change or Updation required.

Advantage of Import Export Code (IEC) change or Modification

1) As per DGFT Notification No. 58/2015-2020 dated 12th February,2021; An IEC holder has to ensure that details in its IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details same also needs to be confirmed online. 2) No hurdle at port due to data mismatched. 3) Touching international boundaries for trade. With IE Code one can expand business and reach customers internationally. 4) IE Code is issued for a lifetime, one-time activity with lifetime benefits. 5) Avail discounts and subsidies granted by DGFT. 6) IE Code doesn’t require any filling. 7) Any proprietor business identity can obtain IE Code.

Allotment of IEC

After the application and the attached supporting documents are verified, the Directorate General of Foreign Trade will issue a IEC for the business.

Documents Required For Import Export Code Updation

  • Board Resolution to change registered office
  • Latest Electricity Bill or Mobile Bill of proposed registered Office Address
  • Rent Agreement or NOC of proposed registered Office Address.
  • Photograph of Registered Office showing external building and inside office also showing therein at least one director who has affixed his/her Digital Signature to form INC-22 (For Registered Office Change)

Process Involved

  • STEP-1

Documentation

The company shall furnish to the Registrar verification of its registered office within a period of thirty days of its incorporation in such manner as may be prescribed.

  • STEP-2

Board Meeting

Board shall convene a Board Meeting to pass a resolution in its meeting for such change.

  • STEP-3

Notice

At least 7 days notice shall be given to Board members before the date of meeting.

  • STEP-4

Board Resolution

Board meeting shall be conducted and resolution for change in registered office within local limits of City Town or Village shall be passed.

  • STEP-5

Form INC-24

Form INC-24 shall be filed with Registrar of Companies within 30 days of passing Special Resolution for the approval of name change with Central Government (Power delegated to ROC)

  • STEP-6

Approval

The registration of change of the address becomes effective from the time of approval of INC-22, Company Master Data is updated simultaneously

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FAQs

All books of accounts shall be kept at the registered office of the company. But if they are kept at any other place in India as decided by the Board of Directors, the company shall send a notice in writing to the Registrar of that place, mentioning the full address of the place

No, the Registered Office of a Company must be in the State where the Company is Incorporated in India.

when the name gets approved, ROC will issue a Fresh Certificate of Incorporation consequent upon name change. The date on that would be date of change of name. Once you recieve this certificate you can change it all the statuory authorities with whom you have registered, PAN TAN Service tax, etc., Company Name plate, Letter head, Company Stamp..etc.

Necessary changes are required to be made in the letterheads, Books, records etc. of the company

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