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Last Updated On 24-Apr-2024
Corporate and Incorporation

Listed company registered office in residential premises.

a recent listed company has registered office in residential premises in connaught place. The Head office / Business office is in Noida. No business activity is done from this place. GST registration also has same residential address besides Noida. Wanted to know, is it ok or illegal.

( Central Delhi, Delhi )

22-Apr-2024

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A.
Dear sir,
If neighbors are okay with such registration of companies name from one of the residential premises then it is okay.
Posted On 24-Apr-2024
Kishan Dutt Kalaskar
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A.
Dear Client,
A company cannot establish its business in residential property without the approval and license from the competent authority. Under the law, it is illegal to run a office or commercial activity in residential premises. In this case, the company must take approval of the competent Municipal Authority to change the character of the building into commercial property in order to engage in business activities. If the company fails to adhere to the mandate or violates the law, then it will land in legal trouble.
Hope it helps.
Thank you.
Posted On 22-Apr-2024
Vidhikarya
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Dear Client,
The use of a residential building for commercial purposes is not permissible under the law unless the class or character of the building is converted by the competent authority i.e, Municipal Authority or other authorities who collected the property tax based on the class or character of the building. If the building is converted or marked as a commercial building then it is ok, otherwise, the company may face legal consequences.
Posted On 22-Apr-2024
S. K. Dutta Advocate S. K. Dutta
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