Memorandum needs to be changed when there’s change in object or liability or capital. Prices starting at INR 4999/- only.
CA/CS Assisted | 4.8/5 Rating
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.
Instant Professionals are qualified experienced professionals at your service, providing a platform, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Memorandum Amendment procedure with Instant Professionals is easy, seamless, cheapest and quickest with Instant Professionals! Apart from Memorandum Amendment Procedure, Instant Professionals also helps entrepreneurs with ROC Compliances, LLP Annual Filing, OPC Annual Filing, Company Annual Filing and all other compliances easily. You may get in touch with our compliance partner on +91-8209785294 or email info@instantprofessionals.in for consultation.Instant Professionals are qualified experienced professionals at your service, providing a platform, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Memorandum Amendment procedure with Instant Professionals is easy, seamless, cheapest and quickest with Instant Professionals! Apart from Memorandum Amendment Procedure, Instant Professionals also helps entrepreneurs with ROC Compliances, LLP Annual Filing, OPC Annual Filing, Company Annual Filing and all other compliances easily. You may get in touch with our compliance manager on +91-8209785294 or email info@instantprofessionals.in for free consultation.
Lawful objects can only be stated and included in the objects clause of the memorandum of association, whether the company engages in all those activities or not. Any activity which contravenes the objects clause and is not expressly mentioned in the Memorandum of Association would be considered beyond a company’s powers.
The name of the company must end with ‘Limited’ in the case of limited companies and ‘Private Limited’ in the case of a private limited company. The Companies Act, 2013 states that a company cannot be registered with an undesirable name.
The Memorandum of Association must state whether the company is limited by shares or by guarantee. Also, the Memorandum of Association must mention that the liability of its members is limited.
The Memorandum of Association must mention the State in which the registered office of the company will be located. The domicile of the company must be stated for determination of jurisdiction of Court, GST authorities, tax authorities, and ROC.
The Memorandum of Association of a company having share capital is required to show the amount of share capital with which the company is being registered, and the division therefor into shares of fixed value.