WHAT IS THE PROCESS TO CHANGE THE OBJECT CLAUSE OF MOA?

If you want to change the objects of your company then the object clause of Memorandum of Association (MOA) is required to be altered. The change in objects of a company requires a Special Resolution to be passed. For the purpose of filing Form MGT-14, only 1 resolution is allowed to be filed for alteration in object clause.

PRE-REQUESITES FOR ALTERATION OF OBJECT CLAUSE

1. The new objects should be in line with the business of the company.
2. If any objects are deleted from Objects Clause, the same should not result in complete change of the objects with which company was formed.
3. The alteration in objects should be such that which is in consonance with the name of the company.
4. The altered MOA is not required since, eMOA is attached to form MGT-14 as linked form.

STEPS INVOLVED IN ALTERING THE OBJECTS OF THE COMPANY.

1. Prepare and send notice and agenda of Board Meeting for approval of change of objects of the Company.
2. Hold Board Meeting to obtain approval for changing objects of the Company and sending notice to shareholders of the Company.
3. Send notice to all the shareholders and convene shareholders’ meeting.
4. At meeting of members, pass Special Resolution for approval of change of objects.
5. File form MGT-14.
6. and submit the linked form eMOA.

ATTACHMENTS TO FORM MGT-14

Certified True Copy of the special resolution along with the explanatory statement.

ATTACHMENTS TO LINKED FORM eMOA

Subscriber sheet.

DUE DATE OF FILING THE FORM

The form MGT-14 shall be filed within 30 days of passing the special resolution.

MODE OF PROCESSING OF THE FORM

This form is taken in Non-STP (Straight Through Process) mode and will not be processed further.

Note: It should be noted here that the above-mentioned process describes the steps for change of objects when there is no change in the industrial activity.

Disclaimer: The information provided in this content is for general informational purposes only. You should always seek the advice of expert before making any decisions based on the information provided. We do not warrant or guarantee the accuracy, completeness, or usefulness of the information provided. Any reliance you place on such information is strictly at your own risk. We shall not be liable for any damages, losses, or expenses arising out of or in connection with the use of this content.

Latest Blog :

APPOINTMENT OF STATUTORY AUDITOR IN CASE OF CASUAL VACANCY

DO YOU WANT TO CHANGE THE NAME OF YOUR COMPANY?