CHANGE IN OBJECT CLAUSE

@ INR 2,999 + GOVT FEES

Package includes:-

  • Audited Balance Sheet
  • Audited Profit& loss account
  • Audited Financial Statement
  • Company ITR filing
  • ROC forms (Annual Filing)
  • 100% Money Back guarantee
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WITHIN CITY CHANGE

₹ 3540
  • Package Includes
  • Address Change Within City

CHANGE IN OBJECT CLAUSE

₹ 2,999 + GOVT FEES
  • Package Includes
  • Change In Object Clause

INTER STATE CHANGE

₹ 50000
  • Package Includes
  • Change of ROC or State


What is Memorandum of Association?

In accordance with the the Section 2(56) of the Companies Act,2013 “memorandum” means the memorandum of association of a company as originally framed or as altered from time to time in pursuance of any previous company law or of this Act.



Memorandum Of Association:

Section 4 of the Companies Act,2013 deals with MOA. The Memorandum of a company shall contain the following

1. Name Clause:

The name of the company with the last word “Limited” in the case of a public limited company, or the last words “Private Limited” in the case of a private limited company.

2. Situation Clause:

The State in which the registered office of the company is to be situated.

3. Object Clause:

The objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof.

4. Liability Clause:

The liability of members of the company, whether limited or unlimited, and also state,— (i) in the case of a company limited by shares– liability of its members is limited to the amount unpaid, if any, on the shares held by them; and (ii) in the case of a company limited by guarantee-the amount up to which each member undertakes to contribute— (A) to the assets of the company in the event of its being wound-up while he is a member or within one year after he ceases to be a member, for payment of the debts and liabilities of the company or of such debts and liabilities as may have been contracted before he ceases to be a member,as the case may be; and (B) to the costs, charges and expenses of winding-up and for adjustment of the rights of the contributories among themselves;

5. Capital Clause:

(i) the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount and the number of shares which the subscribers to the memorandum agree to subscribe which shall not be less than one share; and
(ii) the number of shares each subscriber to the memorandum intends to take, indicated opposite his name; In the case of One Person Company, the name of the person who, in the event of death of the subscriber, shall become the member of the company. MOA has to drafted very carefully as the company cannot go against anything that is mentioned in this document. Even AOA has to comply with MOA. For example, if you have mentioned under object clause that you will do real estate business in your MOA then you cannot do any other business under this company name.



What is Articles of Association?

As per Section 2(5) of the Companies Act,2013 “articles” means the articles of association of a company as originally framed or as altered from time to time or applied in pursuance of any previous company law or of this Act. Section 5 of the Companies Act,2013 deals with AOA.The articles of a company shall contain the regulations for the management of the company. The articles shall also contain such matters, as may be prescribed. It shall not prevent a company from including such additional matters in its articles as may be considered necessary for its management.



Following documents will be prepared by MyCompanywala Team

Board Meeting for change in MOA, Notice of EGM, Certified True copy of Special Resolution, Memorandum of Association, Articles of Association


Procedure for change in Memorandum of Association

1. Prepare notice of board meeting along with draft resolution(s) to be passed in the Board Meeting
2. Convene board meeting and pass the requisite resolutions for change in Memorandum of Association.
3. Prepare draft minutes of the board meeting and circulate, within a period of fifteen days from the date of conclusion of that meeting
4. Convene the general meeting and pass the special resolution for change in object clause.
5. Arrange affidavit from a director for non-acceptance of deposits unless the approval of appropriate authority is obtained.
6. File e-Form MGT-14 with the Registrar of Companies along with its attachments within 30 days of passing of special resolution
7. The Registrar of Companies can ask for change of name, if it is required, follow the procedure of change of name.
8. Alteration shall be complete and effective from the time of issuance of certificate by the Registrar of Companies.
9. Ensure that each and every alteration made in the memorandum/articles of association is noted in every copy of memorandum/articles of association with a note with reference to such alteration stating the date of resolution and manner of passing the resolution.

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