Procedure for company name change. The change in name entails change in the Memorandum and articles of association of company.
MOA Amendment Services in Purnea, Bihar
Avyud Consultancy is here to assist you all and will assist you in revising the Memorandum of Association of a company. The average time taken to file to complete a Memorandum of Association amendment is approximately 2-5 business days, subject to government processing time and client document submission.
Memorandum of Association of a Company sets down the constitution of a company including the permitted range of activities of the company, state of incorporation, type of company, capital clause, liability clause and more. Changes to Memorandum of Association of a company can be required while changing name of a company, changing registered office from state to state. Alteration of objects clause, alteration of capital clause or increase of authorised capital. Changes to the Memorandum of Association of a company would require the passing of a special resolution and shareholders consent.
Contact Us for MOA Amendment Services in Purnea
Effects of the Memorandum of Association
It is important to consider the effect of the Memorandum of Association on transactions that the company may enter into. With s23(1) and s25(1) of the Companies Act now in force, the legal problem of ultra vires, where any acts beyond the powers or capacity dictated to the company by the Memorandum of Association would be invalid, will now be avoided. These acts will still be considered valid and legally enforceable. However, the limits imposed by the Memorandum of Association can still function as a form of internal policy on a company’s capacity and external powers, and breaches of the Memorandum can be penalized accordingly from an internal perspective.
Speak to Our Expert
Major Clauses in Memorandum of Association
- Name Clause: – Under this clause name of company is stated, as approved by MCA.
- The Object Clause: – This is the most important clause. Company is free to choose any object which is not illegal. This clause is divided in two parts that is a) Main Object and b)The objects which are necessary for furtherance of the object specified in clause 3(a).
- Liability Clause: – Liability clause states that the liability of the member is limited to the extent of amount unpaid on shares.
- Capital clause: – Limited company having share capital must state the amount of its share capital and division thereof into shares of fixed denominations in its capital clause.
- Subscription Clause: – The memorandum has to be signed by each subscriber in presence of at least one.
- Registered Office Clause: – The memorandum must mention the state in which registered office of the company is situated. Complete address of the company need not required to mention here.
Why Choose Us for MOA Amendment Services
Our Happy Client
FAQs for MOA Amendment Services
What is the MOA for a Pvt. Ltd. Company?
Memorandum of Association (MOA) is an important document of a Private Limited Company in certain jurisdictions. This includes the Association of Associations (AOA) as the internal constitution of the company to regulate business operations.
It refers to the company’s initial capital and the ‘object clause’ which lets the shareholders, creditors and those dealing with the company know what is the extent of the extent of the operation. While incorporation of the company, it is mandatory to file the memorandum with the registrar.
When MOA Is Filed By The Company?
MOA is filed by the company at the time of incorporation.
What does MOA Amendment Means?
Any change in the existing clause of the memorandum is termed as an amendment to the MoA.
Can Subscription Clause be Altered in MOA?
No, the membership clause is not subject to change in the MoA. The Subscriber Sheet used during the incorporation of the company is valid for life, and no one is allowed to make any further changes to it.
Who can Subscribe to The MOA?
The following persons can subscribe to the Memorandum of Association:
- Individual
- Foreign citizens and Non-resident Indians
- Minor (courtesy a natural guardian)
- A company that is incorporated under the Companies Act.
- A company that is incorporated outside India
- A society that is registered under the Society Registration Act,1860
- Limited Liability Partnership
- A Corporate Body that is Incorporated under an Act of Parliament or the State Legislature
What is The Difference Between AOA and MOA?
MOA or Memorandum of Association describes the power and objectives of the company, AOA defines the rules laid down by the company.
Our Other Services in Purnea, Bihar
The registered office of a Company is the principal place of business for it and concerned authorities are sent to the same address.
The directors in a corporation are responsible for making sure the company acts on behalf of the shareholders.
Avyud Consultancy team can help you to navigate both domestic and international taxation laws to identify any compliance issues.
An expansion in approved capital may be required for issuing new offers or potentially enlisting more capital into the Company.
Shares determine the ownership of a company. According to law, shares in a private company cannot be transferred easily.
System for Adding Partner to LLP. To add another Partner to a current LLP, consent of every single existing Partner is normally required.
Winding up of company is as a procedure by which the life of an company is conveyed to an end and its property directed for the advantage.
LLP, a legal form available world-wide, now introduced in India and is governed by the Limited Liability Partnership Act 2008.
