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Change in Object Clause

CHANGE IN OBJECT CLAUSE OF COMPANY

Change in object clause of company is now not a cumbersome process. Experience our fastest and reliable approach towards compliances at best challenging affordable rates with fastest processing.

APPLY NOW FOR CHANGE IN OBJECT CLAUSE

    MEANING OF MEMORANDUM OF ASSOCIATION

    The Memorandum of Association (MoA) of the company refers to a byelaws/constitution of a company. It acts as a base foundation on which the structure of the company is built.

    It is a public document and provides the information about the company to public at large.

    MAIN CLAUSES OF MEMORANDUM OF ASSOCIATION
    • Name Clause
    • Domicile Clause
    • Objects Clause
    • Liability Clause
    • Capital Clause
    • Subscription Clause
    OBJECT CLAUSE

    The object for which company operates is mentioned in the object clause of the MoA. For the purpose of any change in object of the company, the MoA of the company is required altered thus this process of alteration of memorandum is to be followed.

    HOW WE WORK

    Fill the Form and make nominal payment.

    1. Fill the Form and make nominal payment.

    After payment our experts will connect to you regarding documents and process.

    2. After payment our experts will connect to you regarding documents and process.

    Drafting of necessary resolutions & documents Preparation of application for change.

    3. Drafting of necessary resolutions & documents Preparation of application for change.

    Drafting and filing of e-forms by the experts of LEGALDISHA.

    4. Drafting and filing of e-forms by the experts of LEGALDISHA.

    Delivery of acknowledgement and receipt  to you.

    5. Delivery of acknowledgement and receipt to you.

    CONGRATULATIONS YOUR OBJECT CLAUSE IS SUCCESSFULLY CHANGED!!!

    DOCUMENTS REQUIRED

    Digital Signature Certificate
    Digital Signature Certificate

    DSC of the authorised director to sign form.

    Copy of resolution
    Copy of resolution

    Copy of special resolution and Board resolution.

    MOA
    MOA

    Copy of altered Memorandum of association.

    General Meeting Notice
    General Meeting Notice

    Scanned copy of notice of general meeting in which change in object clause is approved.

    PROCESS OF CHANGE IN OBJECT CLAUSE

    1
    Meeting of Board of Directors and passing of resolution

    For the following approvals board meeting is convened:-

    • Approval of the proposed changes in the object clause of the MoA.
    • Approval of notice of general meeting and fixation of time, date and venue of the general meeting.
    • Authorisation of person to issue notice of general meeting on behalf of the board.
    2
    Holding of General Meeting

    Members of the company shall hold general meeting and approve for changes in the object clause of the MoA by passing special resolution.

    3
    Filing with ROC

    After special resolution for alteration of MoA is passed, Form MGT-14 will be filed with the registrar within 30 days of passing resolution. along with the copy of the special resolution and altered MoA.

    4
    Amendment in the MoA

    Once alteration in the MoA is approved by the Registrar the company is required to make approved changes in each copy of the MoA.

    Frequently Asked Questions

    What is meant by object clause?

    Object clause refers to the most important clause of MoA which define the purpose of incorporation of the company. It explains about the activity the company is dealing in.

    There are how many main clause in MOA?

    The Main six clauses of MOA are as follows-

    • Name Clause
    • Residency clause
    • Object Clause
    • Liability Clause
    • Capital clause
    • Subscription clause

    Which eform is required to be filed for change in object clause?

    E- form MGT-14 is required to be filed for change in object clause within 30 days of passing the special resolution, along with required documents.

    Whether alteration of MoA is requires for change in object clause?

    No, but in case the proposed registered office is situated within the same State any alteration of MoA is not required. But in case the office is shifted to other State, situation clause required to be altered.

    Do the applicant requires to present physically for the process of changing the object clause of the company?

    No, applicant is not required to be physically present for the process of changing the object clause of the company. LegalDisha provides you online services and assistance for the same.