Business Evolution: Changing the Object Clause in the MOA
In the dynamic world of business, companies often find the need to evolve and adapt to new opportunities or challenges. One significant aspect that encapsulates a company’s essence is the Object Clause in its Memorandum of Association (MOA). The Object Clause defines the primary business activity and outlines necessary matters for conducting that activity.
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Steps to Change the Object Clause:
1. Hold Board Meeting:
- Initiate a board meeting to discuss and gain approval for the proposed change in the Object Clause.
- Authorize either the Director or Company Secretary to certify and file the requisite forms with the Registrar of Companies (ROC).
- Schedule the date, time, and venue for the extraordinary general meeting (EGM).
2. Conduct Extraordinary General Meeting (EGM) for Special Resolution:
In the EGM, pass a special resolution for the proposed change in the Object Clause.
3. Obtain Certified Copies of Required Documents:
After the successful passage of the resolution, the authorized person must fill Form MGT-14 with the ROC, accompanied by the necessary documents.
4. Issue a Fresh Certificate of Incorporation:
- The ROC will review and approve the change, providing an approval e-Form.
- The process concludes with the issuance of a fresh certificate of incorporation, signifying the successful change in the Object Clause.
With these steps executed diligently, your company can seamlessly adapt to new objectives and business dimensions
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As you consider altering the Object Clause, remember that this strategic move positions your company for growth and innovation. Whether in Ghaziabad, Rajnagar Extension, RDC Indirapuram, Muradnagar, Modinagar, Kavinagar, Govindpuram, Noida, Delhi, or Moti Nagar, Delhi, this process ensures your business remains agile in the face of change.
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