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MAIN BUSINESS CHANGE In the new Companies Act it is not compulsory for a company to have a specific business object as all new companies are allowed unrestricted business activities. However, certain
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Main business change refers to any significant modification or alteration to the core operations or activities of a company.
Companies or businesses that undergo significant changes to their main operations are required to file a main business change.
To fill out a main business change form, companies typically need to provide details about the nature of the change, the impact on operations, and any required supporting documentation.
The purpose of main business change is to inform relevant authorities and stakeholders about significant modifications to a company's core operations.
Companies are typically required to report details such as the nature of the change, reasons for the change, impact on operations, and any necessary supporting documentation.
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