Changes to Main Object of MOA

Changes to objects in the MOA involves amending the MOA of the company. For this, an EGM must be initiated and 75% of the shareholders’ approval must be taken. This is passed as a special resolution in the EGM and is filed with the ROC using form MGT-14 along with the amended MOA.
Changes to the main object are initiated by a company when the business perspective changes or the originally envisaged activities are modified. The MOA main objects are critical clauses that determine the base purpose of the company.
The Pratique CFO team can help you carry out such changes effortlessly.

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    Documents Required

    ✔ MOA & AOA in word document

    ✔ Existing Certificate of Incorporation

    ✔ List of Company Directors & Shareholders

    ✔ Proposed main object of the company

    ✔ Digital signature of the authorized signatory

    ✔ 10 letterheads and stamp of the Director

    Minimum requirements for LLP

    Procedure of Name Change

    Board of Directors' Approval

    Changing to a new object for the company or modifying the existing object clause must be decided in a board meeting. Notice as per the standards prescribed by ICSI in SS-1.must be sent to the directors with the meeting agenda and the proposed resolution

    Extraordinary General Meeting (EGM)

    A shareholders meeting must be initiated to take their approval. An EGM must be conducted to seek their approval. Directors must send a notice to shareholders 21 days prior to the meeting. The EGM notice must hold the meeting agenda and the proposed main object as a special resolution.

    Special Resolution to ROC

    The special resolution requires 75% voting rights. Once the shareholders approve the resolution, the modified MOA is filed with ROC for approval using Form MGT-14 within 30 days of passing the resolution.

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