MOA object change in Vadapalani - Filingpoint

Welcome to Filingpoint MOA Object change in easy Expert +91 72999 72500

Filingpoint MOA is a legal document that forms the foundation for any company. It defines the principals, objectives and goals of the business. It also specifies the scope of activities that the company can undertake. If a company wishes to change its main objects, it needs to amend the Memorandum of Association. This can be done through a special resolution at an EGM or by convening a board meeting and obtaining approval from shareholders.

The object clause is one of the main components of an MoA, and it sets out the specific activities that a company is permitted to engage in. This is important because a company that carries out activities outside of the scope of its objects could be sued by regulators.

Other clauses in an MOA include the capital clause, which stipulates the maximum amount of capital a company is allowed to raise and how this can be divided among equity and preference shares. The subscription clause lists the names, addresses, and occupations of subscribers to the MoA. This clause might need to be altered if a subscriber withdraws or new subscribers are added.

The MoA of a company is binding on the business and provides legal validity to any actions taken by the company. The MOA also serves as a guide for external parties such as customers, suppliers, investors, and regulators. Altering the MOA requires approval from shareholders through a special resolution and submission of the altered documents to the ROC. Legal professionals and business advisors familiar with company law in a given jurisdiction can help draft an MoA that meets the required specifications and is legally valid.

Contact Filingpoint MOA Object Change Expert +91 72999 72500