MOA/AOA Amendment
Memorandum of Association (MOA) is a document that contains all the fundamental data which are required for the company incorporation. Articles of Association (AOA) is a document containing all the rules and regulations that govern the company. Registration.
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The Memorandum of Association (MOA) and Articles of Association (AOA) of the Company has been amended by way of special resolution passed by members through Postal Ballot on 22/08/2017. The altered MOA and AOA has been approved by the Registrar of Companies (ROC), Karnataka on 21/09/2017. We herewith submit a certified copy of altered MOA and AOA of the Company as Annexure-1. Brief particulars of the amendments in MOA and AOA are given in Annexure-2. The above submissions are pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
To change the objects or aims and objectives of your business, you need to amend the Memorandum of Association. The MoA contains the object clause. This is not at all difficult. There’s a well-defined procedure for the same. For example, one mistake most companies make is to include several areas in the main objects. This will not be approved. For example, if you are in the IT business, you can cover all software services in the main objects, but other services, such as hardware, trading of related items must be included in ancillary objects.
Changes to the Memorandum of Association of a company would require the passing of a special resolution and shareholders consent. Other Changes to Memorandum can include changing the name of a company, changing registered office from state to state, alteration of objects clause, alteration of a capital clause or an increase of authorized capital.
