MOA object change in Vadapalani - Filingpoint


Welcome to Filingpoint Online MOA Object change Expert +91 72999 72500

Filingpoint MOA (Memorandum of Association) is a legal document prepared while new company registration to define its precise relationship with shareholders and specify the objectives for which the Company is being incorporated. It lays down the rules on which the management of the Company will operate. A company should not indulge in any business activities beyond the objects specified in the object clause of the MOA. If the Company does so, it would be considered as ultra vires and will not be valid.

Among the six clauses in an MOA, the most important is the object clause that sets out the limited scope of work which the company can undertake. This helps external parties, such as suppliers and investors, understand the company's intended business activities and purposes. The object clause also serves as a legal reference that can be used to challenge any actions taken by the Company which are outside the scope of the objects in question.

The other clauses in an MOA include the name clause, situation clause, capital clause, and association clause. All of these can be altered over time, subject to approval by shareholders in a general meeting. Generally, an alteration to the MOA requires the consent of shareholders through a special resolution.

For example, our client was engaged in the business of portfolio management and security investments. However, due to losses, they wanted to change their main activity and therefore needed to alter their MOA Object. We helped them in the process and got their MOA altered. This was done with the help of a special resolution and subsequently the Registrar of Companies approved the same within 30 days.

Contact Filingpoint MOA Object Change Expert +91 72999 72500

 

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