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MOA/AOA Amendments

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MOA Amendment

The Changes to the Memorandum of Association can be effected through a special resolution at the shareholders’ meeting. The process of changing the MOA of the company is a complex and extensive procedure, it is necessary to take professional care must be taken during the procedure.

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Alteration Requiring MOA amendment

Altering Name in MOA

To make changes in the name of the company it will be required to alter the MOA by passing a special resolution. In the case of a name change for the case of Private Limited Company or Public Limited Company, no approval for central government is needed. However, in other cases the consent of the central government is necessary.

Also, in case if the company is registered with a name that shows resemblance or similarity with an existing company then the central government will step in and ask for a name change. But an ordinary resolution is adequate for such cases.

Registered office Change (State to State)

A company is required to make changes in the Memorandum of Association for the transfer of the registered office to another state. Generally, the reasons for changing the registered to another state include:

  • For conducting the business more professionally and economically
  • To attain achieve the significant purpose of the company by sophisticated means
  • To develop the operations in the current location
  • To manage the existing objectives
  • To sell the business enterprise wholly or partially.
  • To merge the business with another person or other business.

In case if the registered office is shifted from one state to another state a special resolution has to be approved and the approval from the Board of the law of the company has to be acquired by the Company. This change in memorandum should be filed with the Registrar of the state from which the company is moving and also to the Registrar of the state where the company wants to shift. After the approval from the Registrar of Companies, the changes must be made in the MOA of the Company to reflect the new state where the registered office is now located.

Alteration of Objects Clause

The changes to the object clause in the case of a Private Limited Company can be made without any hassles. But in case if the same is to be done for any company that has raised funds from the public then a special resolution is required to be passed. Also, this needs to be published both in English newspaper and another local language newspaper of where the registered office of the company is located. The details also should be made available on the website of the company along with the requisite justifications and modifications.

Also, all the dissenting shareholders should be allowed to exit by the promoters and the shareholders that possess control of the company. This opportunity should be given with the regulations that are specified by the Securities Exchange Board of India (SEBI).

Alteration of the Liability Cause

A change in the clause needs to be made to make the liability of the Directors unlimited. As the liability of the shareholders cannot be unlimited and a resolution is to be made to make this change in the liability by passing a resolution.

A copy of the resolution must be filed with the registrar within 30 days of the change made.

Alteration of Capital Clause

This change can be done at a normal general meeting also. As a subdivision of the shares or the consolidation of shares, this change may be required. Other reasons to make alterations to the capital clause can be the conversion of stock and annulment of the unsubscribed capital. These alterations must be filed within the registrar within 30 days.

Alteration of Authorized Capital

A company wanting to issue shares must check the current authorized capital of the company. The company cannot issue shares exceeding the amount of the authorized capital. Hence, a company may have to increase the authorized capital of the company and also make modifications to the MOA of the company.

Memorandum of Association of Company

A Memorandum of the company is a very vital document for the incorporation of a company which is often referred to as the constitution or the charter of the company. Memorandum of Association is a document that is to be formulated and signed by the founder members of the company on the registration as well as the establishment of the company. Various details such as the details of the initial shareholders, name of the company, the state in which the company is located, the purpose of the formation of the company, authorized capital (in case if there is any), and the liability of the members.

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Particulars to be mentioned in the Memorandum of Association

  • Name and the recent photograph that is affixed and scanned with the MOA and AOA.
  • Name of the father/mother
  • Nationality
  • Date of Birth
  • Place of Birth
  • Educational qualification
  • Occupation
  • Income Tax Permanent Account Number
  • Permanent and the current address
  • Email Address
  • Contact Number
  • Fax Number
  • Two identity proofs out of which PAN is mandatory
  • Any residential proof (If bill it should not be older than 2 months)
  • Nationality proof (In case of a Foreign National)
  • In case the subscriber is a current director or promoter in a company then the particulars such as the designation along with the name and the corporate identity number of the firm.

MOA Amendment FAQ's

The MOA or the Memorandum of Association describes the power and the objectives of the company, the AOA defines the rules laid by the company.

With the provisions stated in the Companies Act,2013 both the MOA and the AOA of the company can be altered.

The documents for the MOA amendment require a certified copy of the resolution, a copy of the notice of the EGM, printed copy of the altered MOA.

A memorandum of the company is a vital document for the incorporation of a company which is referred to as the constitution or the charter of the company. This MOA is to be formulated and signed by the founder members of the company on the registration as well as the establishment of the company.

Individuals, foreign citizens, minors, A company that is incorporated under the Companies Act, a company incorporated outside India, LLP, Society registered, a corporate body that is incorporated under the Act of parliament or the state legislature.

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