Amendment Of Company Objects

Altering MOA Articles. Easing The Process.

     

    At the time of the incorporation of a company, the usual practice of creating an Memorandum of Association is to indicate 1-2 businesses that the promoters wish to engage in the industry. A company’s MOA dictates the business activities conducted by the same. Any business outside the purview of the objects mentioned in the MOA is illegal and beyond the scope of the said company. However, they can choose to alter the activities by adding or removing objects stated in the MOA.
    Later on into the operation of a company, they may come across other profitable activities or wishing to close a non-profitable one. This can be done by adding new objects or deleting them from the objects of the MOA. Our Change Management services will help you re-draft your MOA by adding or deleting any objects with the due paperwork; contact us today to know more.

    Procedure

    01

    Hold a Board Meeting to call for a General Meeting for change in objects.

    02

    Obtain the approval of the sectoral regulators for conducting such business.

    03

    Conduct the General Meeting and pass a resolution for change of the objects clause.

    04

    Record the Minutes of the meeting and Resolutions vetted by a CA, CWA or CS.

    05

    File the Form MGT 14 with the Registrar of Companies within 30 days of the resolution being passed.

    06

    Receive a Certificate for the alteration of objects from the ROC.

    Documentation Required

    01
    Board Meeting
    • Notice of the Board Meeting
    • Board Meeting Attendance List
    • Minutes of the Board Meeting
    02
    General Meeting
    • Notice of the General Board Meeting
    • General Meeting Attendance List
    • Copy of the Resolutions for Filing
    03
    ROC filings
    • Form MGT14 – Copies of the Resolutions
    • Sectoral approvals, if any apply

    Simplify MOA Amendments With Our Support

    Be eformed!