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CHANGE OBJECTIVES OF BUSINESS

CHANGE OBJECTIVES OF BUSINESS 

 

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WHAT IS CHANGE OBJECTIVES OF BUSINESS

Memorandum of Association (MOA) is a legal document and constitution of the Company. It contains the fundamental conditions upon which the company is allowed to operate. The MOA contains the main, ancillary and other objects. The object clause is of great importance because it determines the purpose and the capacity of the Company.

To change the main objectives of the Company one needs to alter its Memorandum of Association which contains the objects on which the company business operates.  Changing objectives is the tough job to do which requires professional guidance like COMPLIANCESBIZ. For changing the objectives of the Company shareholders consent is required and special resolution needs to be passed by the Company by giving proper notice.

WHAT IS INCLUDED IN OUR CHANGE OBJECTIVES OF BUSINESS PACKAGE

1 ) Free Consultation
2 ) Document Preparation under Company Act
3 ) Filing with MCA

PROCEDURE FOR CHANGE OBJECTIVES OF BUSINESS

1

Submit the Detail

2

Compliance Biz team will Call you

3

Compliance Biz will suggest for all the documentation under the Company Act

4

All the Resignation document Mail to you

5

Compliance Biz will file your Form at ROC

DOCUMENTS REQUIRED FOR CHANGE OBJECTIVES OF BUSINESS

MOA/AOA
Board Resolution
Special Resolution

FREQUENTLY ASKED QUESTIONS

Memorandum of Association is a document which sets out the constitution of a Company and is there the foundation on which the structure of the Company is build.

The main objects indicate the purpose for which the Company has been set up and its capacity, besides its sphere of activities. 

Special resolution means when vote cast in favor of the special resolution shall not be less than 3 times the number of votes against the resolution. 

E-form MGT-14

The filing fees is Rs. 300/-

Penalty for delay of up to 30 days -2 times of normal fees

More than 30 days and up to 60 days - 4 times of normal fees

More than 60 days and up to 90 days - 6 times of normal fees

More than 90 days and up to 180 days - 10 times of normal fees

More than 180 days - 12 times of normal fees

No, the act done beyond the permitted range of business is void.