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2019-02-18
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2019-05-28
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2019-09-18
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2020-11-16
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2020-08-27
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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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How do I change the object clause of a company?
Step 1: Pass board resolution. Pass a resolution at the board meeting to approve the object clause. Step 2: Special resolution in EGG. Step 3: MGT-14 to be filed with ROC. Step 4: Issuance of fresh certificate of incorporation. Step 5: Incorporating object clause in MOA and AOA.
Can we change memorandum of association?
Generally, since the Companies Act 2006 was introduced the memorandum of association cannot be altered and is a purely historical document. This meant that if for example the objects of the company needed to be changed, the memorandum of association would be amended.
What is Memorandum of Association How can it be altered?
Alteration of Memorandum of Association of a Company. MEANING: The expression alter means to modify/change or vary. To make or become different in some respect. As per Section 2(3) of the Companies Act, 2013 (the Act) alter and alteration shall include the making of additions, omissions and substitutions.
Is it mandatory to alter MOA and AOA as per Companies Act 2013?
It is advisable that whenever a company amends its articles, it should ensure that after the amendment, the AOA is as per the format specified under the Companies Act, 2013. It is mandatory to pass a special resolution and file MET 14 if you alter MOA and/or AOA as per the Companies Act, 2013.
Which clause of Memorandum of Association Cannot be altered?
The clause lays down the limit beyond which the company cannot issue shares without altering the memorandum as provided by section 94 of the Companies Act. The association or subscription Clause: At the end of every Memorandum of Association there is an association clause or subscription clause.
What is object clause in memorandum of association?
The object clause of the Company is the third clause of memorandum of association of any Company stating the objects i.e. the business/purpose for which the Company is incorporated and any other matter considered necessary in furtherance thereof.
What are the clauses of memorandum of association?
A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause. An MOA is a type of legal paper that is prepared when forming and registering a limited liability company (LLC).
What are objects of memorandum?
Object of registering a Memorandum of Association or MOA The MOA of a company contains the object for which the company is formed. It identifies the scope of its operations and determines the boundaries it cannot cross. It is a public document according to Section 399 of the Companies Act, 2013.
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