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Change In MOA

Companies may need to amend their Change In MOA to align with operations, structure, or strategy changes. The Change In MOA defines a company’s scope, objectives, and legal framework. At Auriga Accounting, we provide expert guidance on:

  • Understanding Change In MOA clauses and their implications.
  • Navigating legal requirements for amendments.
  • Ensuring smooth compliance with regulatory standards.

 

MOA Amendment

Why and How to Amend Clauses in the MOA

  • Connect with our Experts
  • Submit Your Required Documents
  • Track Application Status
  • Received your Certificate

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Why Should I Use Auriga Accounting of Change In MOA?

Auriga Accounting has a team of registration experts who can provide complete guidance to Change In MOA.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for Event Based Compliance

Complete your Event Based Compliance

Complete Your Change In MOA

Why Should I Use Auriga Accounting of Change In MOA ?

Auriga Accounting has a team of registration experts who can provide complete guidance to Change In MOA

.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for Event Based Compliance

Complete your Event Based Compliance

Complete Your Change In MOA

Overview
Why
Features
Requirements
Procedure

OVERVIEW - Change In MOA

What is Annual Compliance For a One person Company?

Memorandum of Association (MOA)

The Memorandum of Association (MOA) is a foundational legal document created during company registration. It defines the company’s objectives, operational scope, and internal regulations, establishing its legal framework and relationship with shareholders.

The MOA includes key aspects such as:

    • Company operations and scope of activities.
    • Delegation of responsibilities within the company.
    • Policies and guiding principles for governance.

 

What is a Change In MOA Amendment?

An MOA Amendment is the process of modifying the provisions in a company’s Memorandum of Association (MOA). It is governed by Section 13 of the Companies Act, 2013, along with the Company Rules Act, which outlines the legal framework for such changes.

Why Amend the Change In MOA?

Companies may need to update their MOA to reflect:

  • Changes in objectives or business activities.
  • Operational expansion or restructuring.
  • Modifications in governance or regulatory compliance.

Key Features of Change In MOA

  • Name Clause:
    • The company name can be changed by passing a special resolution as part of the MOA alteration.
  • Object Clause:
    • Can be modified if there are changes in the business objectives.
    • Helps align with future business growth and opportunities.
  • Registered Office Clause:
    • If the company shifts its registered office to another state, this clause must be amended.
  • Liability & Capital Clause:
    • Changes in member liability or authorized share capital require an MOA amendment.

Requirements for Change In MOA

  • The Articles of Association (AOA) must allow changes to the object clause.
  • The new object must align with the company’s name and nature as per its incorporation.
  • A detailed description of the proposed change is required.
  • The revised object should remain relevant to the company’s original purpose.

 

Procedure for Alteration of Memorandum of Association -Change In MOA

  • Identify Amendment
    • Determine the specific changes required in the MOA.
  • Hold Board Meeting (BM)
    • Approve the amendment.
    • Fix the date, time, and venue for the General Meeting.
  • Hold General Meeting (EGM)
    • Obtain shareholder approval for the amendment.
    • Issue a 21-day clear notice (or shorter with consent from requisite shareholders).
  • File Required Forms
    • Submit Form MGT-14 within 30 days of passing the special resolution.

Procedure for Alteration of MOA-Change In MOA

  • Step 1: Draft Special Resolution
    • Prepare a resolution outlining the proposed MOA changes.
    • Get Board approval under the Companies Act.
  • Step 2: Issue Notice for General Meeting
    • Send a 21-day prior notice to all members.
    • Clearly mention the purpose of the meeting.
  • Step 3: Hold General Meeting
    • Discuss the proposed changes.
    • Pass the special resolution with at least 75% approval.
  • Step 4: File Forms with Registrar of Companies (RoC)
    • Submit Form MGT-14 within 30 days.
    • Attach the altered MOA and pay the required fees.
  • Step 5: Approval by RoC
    • The RoC reviews and approves the changes.
    • Alteration is effective from the approval date.
  • Step 6: Update Company Records
    • Modify internal registers and notify stakeholders.

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2023-06-10
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