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What are the main clause of the MOA?
There are six clauses of MOA i.e Name clause, situation clause, object clause, liability clause, capital clause, Association clause.
When it is to be filed?
It has to be filed with the Registrar of Companies during the process of incorporating a company. It contains the fundamental conditions under which the company is allowed to operate. it had to include the "objects clause" which let the shareholders, creditors and those dealing with the company know what is its permitted range of operation.
What is AOA?
It alludes to the company's constitution, which is that document that lays out internal management guidelines for achieving the goals outlined in the memorandum of association.
The AOA lays out the duties of the directors, the types of business that must be conducted, and the ways in which the shareholders can influence the board of directors.
Process Involved
Step-1
Calling of Board Meeting: Issue notice in accordance with the provisions of section 173(3) of the Companies Act, 2013, for convening a meeting of the Board of Directors. To Get in-principal approval of Directors for change in object clause of Memorandum.
Step-2
Get in-principal approval of Directors for change in object clause of Memorandum.
Step-3
The company must give a clear 21 days’ notice to its members for calling the EGM. The notice should mention the place, the date and day of the meeting, and the hour at which the meeting is scheduled.
Step-4
Extra-ordinary General meeting (EGM) on due date and pass the necessary Special Resolution under section 13(1) of the Companies Act, 2013, for change in object clause of Memorandum.
Step-5
File form MGT.14 within 30 days of passing of Special Resolution with the concerned Registrar of Companies
Step-6
Once form is checked, it is approved by ROC
