MOA stands for Memorandum of Association i.e., also called as INC-33 which outlines the company’s fundamental objective. AOA stands for Article of Association i.e., also called as INC- 34 that sets out the rules and regulations or rights and duties for the internal management and governance of the company.
Submit to get MOA & AOA ALTERATION
Enter into new markets by expanding the objectives.
Helps to improve better decision making.
Business policies can be updated as per the new marketing trends
It provides flexibility to both the user and the company
Now let’s discuss about the steps involve in the process of Memorandum and Articles alteration: -
Firstly, there is a requirement of compiling and preparation of the documents.
Secondly, there is a requirement of passing the resolution required for the alteration
Consent of shareholder is required to be taken by conducting the Extra ordinary general meeting.
After passing of all the resolution and conducting meetings company need to file MGT-14, for getting the approval of same from Registrar of companies.
Now after completion of all the steps we have to wait for the approval and we are all done.
Now let’s discuss every step in details i.e.,
First step is the preparation and compilation of the documents i.e., Altered MOA and AOA, Subscriber sheet etc.
Secondly board has to conduct a board meeting in that they pass the proposal of Alteration of MOA and AOA and also send the notice to shareholder for conducting of EGM.
Then after that shareholder consent is required if they approve then company is going to file the MGT-14 form with the MCA along with all the documents.
Then we have to wait for approval and when approval comes from the Registrar of companies then company can use that MOA and AOA for the future reference.
Time taken under this work would be 2 days post submission of documents and ROC will take 3-4 days for approving the same.
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Why Choose HireYourCA?
There are several reasons why HireYourCA stands out as your go-to partner for business registrations and compliance:
Experienced and Qualified Team: Our CAs possess extensive knowledge and expertise.
Seamless Service: We handle the entire process, keeping you informed at every step.
Cost-Effective Solutions: Competitive pricing ensures value for your money.
Client-Centric Approach: We prioritize your needs and offer personalized guidance.
Technology-Driven Platform: Our user-friendly online platform enables easy tracking and access to documents.
Transparency and Trust: We maintain complete transparency and adhere to the highest ethical standards.
Eligibility
When there is some variation or need to change in the clauses and schedules of MOA and AOA we have to change or alter the MOA and AOA as per the current scenario in the company.
Documents Required for MOA & AOA ALTERATION
Now let’s discuss about the documents requirement for filing of Memorandum of Association and Articles of Association alteration: -
Company’s unaltered or original Memorandum of Association and Articles of Associationin which they need to do the changes.
Manually altered Memorandum of Association and Articles of Associationis required for the process of alteration.
Resolution is need to be passed for change in Memorandum of Association and Articles of Association along with explanatory notes.
Digital signature certificates of Director are required for filing of all the forms i.e., MGT-14, INC-33, INC-34.
Benefits Of Getting Moa & Aoa Alteration
Flexibility: - Updating the record in Memorandum of Association and Articles of Association allow company to adapt the changes in the environment and grab the new opportunities.
Enter into new market: - Company can enter into new markets by updating their object clause and can grab great opportunities.
Changes in business policy: - A company can easily update their business policy by updated memorandum of association and articles of association and run the business smoothly accordingly.
Decision making: - there may be some restriction in the rights and duties of company then company can remove that hurdle by revising or updating their article of association.
