MOA/AOA Amendment
Senixa Legal helps you to change the Memorandum of Association (MOA) or Articles of Association (AOA) under Companies Act’2013. Prices starting from INR 4999/- only.
Step 1
Submit Documents & Preparation of Resolutions
What is Amendment to Memorandum?
It is extremely important for every organization to have a set of rules and regulations for its smooth operation. In the case of Private Limited Companies or One Person Companies, these set of rules and regulations are known as Memorandum of Association (MoA) and Articles of Association (AoA), collectively, which form the basis of the company. While Articles of Association constitutes of bigger concerns about the company, the Memorandum of Association focuses on the smallest details.
The Articles of Association mainly consists of the following:
- First Directors of Company.
- Share Capital and Variation of Rights.
- Transfer and Transmission of shares.
- Annual General Meeting, Extraordinary General Meeting, and Board Meeting, voting rights of the members in such meetings, and provisions about veto power.
- Details of First Subscribers.
- Dividends and Reserve policies.
- Details regarding Chief Executive Officer, Manager, Company Secretary, or Chief Financial Officer.
- The closure of the company along with the conditions under which it can be dissolved is also discussed.
- The Members of the Board are bound by a confidentiality clause as stated in the AoA, which means that no member can disclose the functioning of the company to an outsider.
On the other hand, the Memorandum of Association consists of the following clauses:
- Name of the company
- State in which the company has its registered office
- Objects of the company and matters considered importantly related to these objects
- Liability of the Members in the company
- The share capital of the company
When Memorandum is to be Amended?
Object Clause Change: Legal items must be expressed and remembered for the article’s statement of the notice of affiliation if the organization participates in every one of those exercises. Any action which contradicts the item’s statement and isn’t explicitly referenced in the Memorandum of Association would be considered past an organization’s forces.
Name Clause: The name of the organization must end with ‘Restricted’ on account of restricted organizations and ‘Private Limited’ on account of a private restricted organization. The Companies Act, 2013 states that an organization can’t be enlisted with a bothersome name.
Liability Clause: The Memorandum of Association must state whether the organization is restricted by shares or by ensure. Likewise, the Memorandum of Association must refer that the obligation of its individuals is restricted.
Situation Clause: The Memorandum of Association must refer to the State in which the enlisted office of the organization will be found. The home of the organization must be expressed for assurance of ward of Court, GST specialists, charge specialists, and ROC.
Capital Clause: The Memorandum of Association of an organization having share capital is needed to show the measure of offer capital with which the organization is being enrolled, and the division therefor into portions of fixed worth.
For any assistance regarding MOA/AOA Amendment, you may get in touch with us on +91-9999347181 or write a mail at info@senixalegal.com.
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