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.