LEGAL SAHEB BUSINESS SOLUTIONS PVT. LTD.
Change In Object Clause Of The MOA
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Changes in Object Clause:
- A business is driven by the objects it desires to pursue and records it in writing. These objects are recorded in one of the constitution documents of the company called a memorandum of association or MOA.
- In accordance with the changing scenario and market trends, many companies change their line of business or modify their objects for maximum economic gains. These changes have to be recorded and complied in line with the companies act, 2013.
Process for change of Object Clause:
- Primary approval for change in the object clause should be taken from the board of directors of the company by means of a resolution.
- In the same board meeting for further approval from members of the company, a notice calling EGM of members should be issued.
- The resolution for changes in objects of the company should be placed before the members for their approval.
- The members can then approve the matter by passing a special resolution.
- The company should ensure filing of requisite forms within the prescribed time period and intimations with the ROC .
- Intimate and inform other stakeholders or authorities, if any, regarding the changes.
- We will complete all the documentation and procedures for changing the name of your company. You can fill up the form or directly send us a WhatsApp message for more information.