{"id":23903,"date":"2019-09-05T12:51:04","date_gmt":"2019-09-05T07:21:04","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=23903"},"modified":"2019-09-06T17:46:54","modified_gmt":"2019-09-06T12:16:54","slug":"procedure-for-change-in-alteration-of-moa-and-aoa","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/procedure-for-change-in-alteration-of-moa-and-aoa\/","title":{"rendered":"Complete Procedure for Change in Alteration of MOA and AOA"},"content":{"rendered":"

Any Company which intends to make any alteration in the Memorandum of Association and Article of Association of the Company, it will have to comply with applicable provisions of the Companies Act, 2013 and applicable rules made thereunder. The Company can alter it’s MOA & AOA<\/a><\/strong> by way of its modification, alteration, substitution, deletion or in any other way. Let’s take a look on Procedure for Change in Alteration of MOA and AOA.<\/p>\n\n\n\n

Alteration of Memorandum of Association<\/h2>\n\n\n\n

The Memorandum of Association is considered as charter Document of the Company. Change in Memorandum of Association<\/strong> is a lengthy and extensive procedure while making any alteration in the MOA due care to be taken.<\/p>\n\n\n\n

Steps to be followed for the Alteration\nin Memorandum of Association<\/h2>\n\n\n\n

Step 1: <\/b>Convey the Board Meeting with respect to that issue of the Board Meeting Notice at least 7 days before the date of Board Meeting.<\/p>\n\n\n\n

Step2: <\/b>Hold the Board Meeting and pass the resolution for the alteration of Memorandum of Association subject to the approval of Shareholder<\/a><\/strong>[1]<\/a><\/sup> Meeting<\/p>\n\n\n\n

Step3: <\/b>For convening the Shareholder Meeting, fix the date, day, time and venue and authorizing a director or any other person to send the notice to the Members.<\/p>\n\n\n\n

Step 4: <\/b>Issue the Notice of Shareholder Meeting at least 21 days before the date of the Shareholder Meeting. The shorter notice of ShareholderMeeting can also be called if the consent of at least 95% of such part of paid-up capital of the Company has given the consent for the same.<\/p>\n\n\n\n

Step 5: <\/b>Hold the Shareholder Meeting, pass the special resolution for the same with the majority consent of the Shareholder.<\/p>\n\n\n\n

Step 6: <\/b>After passing the Resolution, file the Form MGT-14 within 30 days from the passing of the special resolution along with file certified true copy of the resolution along with Explanatory statement, altered copy of Memorandum of Association, or any other documents as required from time to time if any.<\/p>\n\n\n\n

Alteration in Article of Association <\/h2>\n\n\n\n

The Article of Association of the Company is the Bye-laws or rules or regulation of the Company which need to be followed. Every alteration in the Article of Association of the company needs to follow the procedure as prescribed under the Companies Act, 2013<\/strong>[2]<\/a><\/sup>.<\/p>\n\n\n\n

\"Business<\/a><\/figure>\n\n\n\n

Steps to be followed for the Alteration in\nArticle of Association<\/h2>\n\n\n\n

Step 1: <\/strong>Convey the Board Meeting and issue the Notice atleast 7 days before the date of Board Meeting.<\/p>\n\n\n\n

Step 2: <\/strong>Hold the Board Meeting and pass the resolution for the alteration of Article of Association subject to the approval of Shareholders meeting.<\/p>\n\n\n\n

Step3: <\/strong>For convening the Shareholder Meeting, fix the date, day, time and venue and authorizing a director or any other person to send the notice to the Members.<\/p>\n\n\n\n

Step 4: <\/strong>Issue the Notice of Shareholder Meeting at least 21 days before the date of the Shareholder Meeting. The shorter notice of Shareholder Meeting can also be called if the consent of at least 95% of such part of paid-up capital of the Company has given the consent for the same.<\/p>\n\n\n\n

Step 5: <\/strong>Hold the Shareholder Meeting, pass the special resolution for the same with the majority consent of the Shareholder.<\/p>\n\n\n\n

Step 6: <\/strong>After passing the Resolution, file the Form MGT-14 within 30 days from the passing of the special resolution along with file certified true copy of the resolution along with Explanatory Statement, altered copy of Article of Association, or any other documents as required from time to time if any.<\/p>\n\n\n\n

What are the\nitems covered under the Companies Act, 2013 required to amend the Memorandum of\nAssociation of the Company?<\/h3>\n\n\n\n

The items which are covered under the MOA for alteration are as under:<\/strong><\/p>\n\n\n\n

  1. Change in\nObject Clause<\/li>
  2. Alteration of\nShare Capital<\/li>
  3. Shifting of\nRegistered Office<\/li>
  4. Change in name\nof the Company<\/li>
  5. Change in the\nliability of Members of the Company<\/li><\/ol>\n\n\n\n

    What are the\nitems covered under the Companies Act, 2013 required to amend the Article of\nAssociation of the Company?<\/h3>\n\n\n\n

    The items which are covered under the AOA for\nalteration are as under:<\/p>\n\n\n\n

    1. Conversion of\nprivate to Public Company<\/li>
    2. Conversion of\nPublic to Private Company<\/li>
    3. Change in name\nof the Company<\/li>
    4. Any other\namendment<\/a> as and when required, if any.<\/li><\/ol>\n\n\n\n

      Conclusion<\/h2>\n\n\n\n

      If the Company has taken any major decision and it requires amendment of the Memorandum of Association and Article of Association then the procedure needs to be followed as prescribed under the Companies Act, 2013.<\/p>\n\n\n\n

      Also, Read:<\/b> Change to MOA of a Private Limited Company<\/a><\/mark>.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Any Company which intends to make any alteration in the Memorandum of Association and Article of Association of the Company, it will have to comply with applicable provisions of the Companies Act, 2013 and applicable rules made thereunder. The Company can alter it’s MOA & AOA by way of its modification, alteration, substitution, deletion or […]<\/p>\n","protected":false},"author":4,"featured_media":23962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[2705],"acf":{"service_id":"272"},"yoast_head":"\nProcedure for change in Alteration of MOA and AOA<\/title>\n<meta name=\"description\" content=\"change in Alteration of MOA and AOA - The Company can alter it\u2019s MOA & AOA by way of its modification, alteration, substitution, deletion, etc.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterslice.com\/learning\/procedure-for-change-in-alteration-of-moa-and-aoa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Procedure for change in Alteration of MOA and AOA\" \/>\n<meta property=\"og:description\" content=\"change in Alteration of MOA and AOA - The Company can alter it\u2019s MOA & AOA by way of its modification, alteration, substitution, deletion, etc.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterslice.com\/learning\/procedure-for-change-in-alteration-of-moa-and-aoa\/\" \/>\n<meta property=\"og:site_name\" content=\"Enterslice\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/enterslice\" \/>\n<meta property=\"article:author\" content=\"enterslice\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-05T07:21:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-06T12:16:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/09\/Procedure-for-alteration-in-MOA-and-AOA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@enterslice\" \/>\n<meta name=\"twitter:site\" content=\"@enterslice\" \/>\n<!-- \/ Yoast SEO plugin. -->","authorName":"Narendra Kumar","authorImageUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/04\/nk-1.jpg","authorDescription":"Experienced Finance and Legal Professional with 12+ Years of Experience in Legal, Finance, Fintech, Blockchain, and Revenue Management.","postViews":575,"readingTime":3,"nextPost":{"id":23901,"slug":"e-payments-facility-for-imports-with-opgsp"},"prevPost":{"id":23902,"slug":"procedure-for-the-alteration-of-share-capital"},"featuredMediaUrl":"https:\/\/enterslice.com\/learning\/wp-content\/uploads\/2019\/09\/Procedure-for-alteration-in-MOA-and-AOA.jpg","postTerms":"Startup","_links":{"self":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/23903"}],"collection":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/comments?post=23903"}],"version-history":[{"count":0,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/posts\/23903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media\/23962"}],"wp:attachment":[{"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/media?parent=23903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/categories?post=23903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterslice.com\/learning\/wp-json\/wp\/v2\/tags?post=23903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}