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14%
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Duration : 2 to 5 days
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LEGALRAJ will help you amend Memorandum of Association of a company. The average time taken to file for complete a Memorandum of Association amendment is about 2-5 working days, subject to government processing time and client document submission.Memorandum of Association of a Company is the constitution of a company which defines permitted business activities of the company, State of incorporation, type of company, capital of the Company, liability of members, etc.
Memorandum of Association of a Company is the constitution of a company which defines permitted business activities of the company, State of incorporation, type of company, capital of the Company, liability of members, etc. Alteration of Memorandum of a company is required while changing name of a company or shifting the registered office from state to state, alteration of objects clause, capital clause or while increasing the authorized share capital. Alteration of M can be affected by passing of a special resolution.
AMENDMENT OF MEMORANDUM OF ASSOCIATION (MOA)
Basic information
Memorandum of Association of a Company is the constitution of a company which defines permitted business activities of the company, State of incorporation, type of company, capital of the Company, liability of members, etc. Alteration of Memorandum of a company is required while changing name of a company or shifting the registered office from state to state, alteration of objects clause, capital clause or while increasing the authorized share capital. Alteration of Memorandum of Association can be affected by passing of a special resolution in the meeting of the Shareholders of the Company.
LEGALRAJ will help you amend Memorandum of Association of a company. The average time taken to file for complete a Memorandum of Association amendment is about 2-5 working days, subject to government processing time and client document submission.
How many are there Clauses in the Memorandum of Association (MOA) ?
1. Name Clause:
It contains name of the company. The name must contain the last word 'Limited' in case of limited companies and the last words 'Private Limited' in case of private limited company. The Companies Act, 2013 states that a Company should not be registered with an undesirable name.
2. Object Clause:
It contains business activities of the Company whether the company engages in all those activities or not. The Company is not permitted the do the business activity which is not mentioned in the Object Clause. It would be considered ultra-vires, i.e. beyond the powers of the company.
3. State Clause:
The Memorandum of Association must mention the State in which the registered office of the company will be situated. The domicile of the company must be stated for determination of jurisdiction of Court, tax authorities and ROC.
4. Liability Clause:
The Memorandum of Association must state whether the company is limited by shares or by guarantee. Also, the Memorandum of Association must state that the liability of its members is limited or otherwise.
5. Capital Clause:
The Memorandum of Association of a company having share capital is required to show the amount of share capital with which the company is going to be registered, and the division therefor into shares of fixed value. It can be increased at any time by following due procedure of law.
What will you receive in Amendment of MOA package ?
How Amendment of MOA becomes possible ?
There are following ways in which MOA of the Company can amended:
What is the process for Amendment of MOA of the Company ?
Step 1: Conduct the Board of Directors meeting
Step 2: Call and convene the General meeting of the members
Step 3: Pass necessary resolution in General Meeting
Step 4: File necessary forms with the ROC such as MGT-14, SH-7, INC-22 or INC-23
Step 5: Receipt of certificate of amendment of MOA of the Company
What can be the reasons for the Amendment of MOA ?
How LegalRaj will help with memorandum of association ?
1. Consultation:
we will review the present and proposed MOA of company and the Articles of Association and after considering the level of complexities involved, we can assist you with the procedure for amendment of Memorandum of Association and matters related thereto.
2. Necessary Resolutions:
Then we will provide timelines, documents and do the compliances for you.
3. Filing:
We will timely file applicable returns, documents and other formalities with the Ministry of Corporate Affairs to effectuate MOA Amendment.
Passport photo of all parties.
PAN card of all parties.
Aadhar card of all parties.
Utility bill of Electricity or Telephone.
Valid Address Proof of all the parties.
Valid Driving Licence of all the parties.
Terms and Conditions between the parties.
Other documents will be intimated through e-mail.
The Memorandum of Association is amended for the following purposes; When the name of the Company is changed; or registered office address is changed from one State to another; or when the Main Object of the Company is changed; or When the Authorized Share Capital is either increased or subdivided or consolidated; or When the liability of the members of the Company is changed
Calling of Board of Directors Meeting and passing of resolution thereat; Convening and holding of shareholders meeting and passing of Resolution thereat; Preparation of documents and filing of necessary forms with ROC (on MCA portal); Obtaining the approval certificate or communication of the alteration.
No Hidden charges. Every detail regarding charges is transparent as you can see in the Quotation file in your mailbox.
Amendment of Memorandum of Association usually takes 2-5working days subject to the approval of the Central Govt. and the receipt of documents from the clients.
Yes. Physical MOA and AOA needs to be attached while filing of EForm MGT – 14 for authentication of alteration. Spice Eform INC-33 and 34 are only for Incorporation purpose.
Click on Get Quotation tab above and fill the details, you will receive required documents list and quotation in few seconds in your mailbox. No charges for requirement list and Quotation.