Alteration of MOA / AOA of your company

Points

Alteration of MOA

Alteration of AOA

MEANING

The Memorandum of Association (MOA) is a foundational document that defines the scope and objectives of a company, as well as its relationship with the outside world. It outlines the purpose of the company's existence, the powers of its directors, and the rights and duties of its shareholders. The MOA is a publicly available document that can be inspected by any interested party, and it acts as a contract between the company and its shareholders.

The Articles of Association (AOA) is a document that outlines the internal regulations and bylaws of a company. It governs the management and administration of the company, and sets out the procedures for decision-making and conducting business. The AOA acts as a supplement to the Memorandum of Association (MOA), and together they form the constitutional documents of a company.

KEY CLAUSES ARE ALTERED OF MOA & AOA

1. Name Clause 2. Registered Office Clause 3. Object Clause 4. Liability Clause 5. Subscription Clause 6. Capital Clause

Company can alter its Article by way of addition, deletion, modification, substitution, or in any other way, only if it wants. Including alterations having the effect of conversion of - 1. Private company into a public company. 2. Public company into a private company

STEPS FOR ALTERATION IN ARTICLE OF ASSOCIATION:

STEP – I: Convey Board Meeting of Directors STEP –II: Held Board Meeting STEP- III: Issue Notice of General Meeting STEP- IV: Hold General Meeting STEP- V: Filing of form with ROC

STEP – I: Convey Board Meeting of Directors STEP –II: Held Board Meeting STEP- III: Issue Notice of General Meeting STEP- IV: Hold General Meeting STEP- V: Filing of form with ROC

DUE DATE FOR FILING OF ALTERATION COPIES OF MOA AND AOA

Within 30 days of passing the resolution for such alterations.

Within 30 days of passing the resolution for such alterations.