Change In AOA

Articles of Association (AOA) & Amendments

• AOA defines the internal rules and regulations of a company.
• It must be registered during company incorporation.
• Companies can amend the AOA post-incorporation as needed.
• Amendments help in efficient management and compliance.
• After an amendment, companies must file Form MGT-14 with the Ministry of Corporate Affairs (MCA).

The Articles of Association mainly consists of the following –

The Articles of Association (AOA) is a key document that governs a company’s internal management and operations. It sets the rules and regulations for how the company functions, including:

• Directors’ Roles – Appointment, removal, and responsibilities.
• Shareholder Rights – Voting rights, dividends, and share transfers.
• Board Meetings – Procedures for director meetings.
• General Meetings – Rules for company-wide decision-making.
• Profit Sharing – How profits are distributed to shareholders.
• Borrowing Money – Guidelines on taking loans.
• AOA Amendments – Process for modifying company rules.
• Company Closure – Steps for winding up and asset distribution.
• Company Seal – Usage rules if applicable.