The Memorandum of Association (MOA) is a foundational document that defines a company’s objectives, scope, and structure. Amending the MOA is essential when a company expands, diversifies, or changes its business activities. At Ractax, we specialize in seamless and compliant MOA modification services, ensuring alignment with the Companies Act, 2013.
What is MOA?
The MOA outlines the company’s:
- Name Clause: The legal name of the company.
- Registered Office Clause: Location of the company’s registered office.
- Objects Clause: Activities the company is authorized to undertake.
- Liability Clause: Members’ liability (limited or unlimited).
- Capital Clause: Authorized share capital.
- Subscription Clause: Initial shareholders and their shareholding.
Any changes to these clauses require approval from the shareholders and the Registrar of Companies (RoC).
Why Change the MOA?
- Business Expansion: To add new activities or diversify business operations.
- Change of Location: Shifting the registered office to a different state or jurisdiction.
- Alteration of Capital: Increasing or decreasing authorized share capital.
- Company Rebranding: Changing the company’s name.
- Compliance Requirements: Aligning with regulatory or legal mandates.
Why Choose Ractax for MOA Change?
- Expert Guidance: Our team ensures compliance with the Companies Act and regulatory requirements.
- Streamlined Process: Hassle-free documentation and filing services.
- Tailored Solutions: Customized services based on your business objectives and changes required.
- Timely Execution: Ensure changes are made within the stipulated timeframes.
- Transparent Pricing: Competitive rates with no hidden charges.
Documents Required for MOA Change
- Existing MOA and Articles of Association (AoA)
- Board meeting minutes approving the change
- Shareholder resolution from the General Meeting
- Digital Signature Certificate (DSC) of an authorized director
- Proposed MOA with suggested changes
- Supporting documents based on the type of change (e.g., address proof for a location change)
Steps Involved in Changing the MOA
- Board Meeting: Pass a resolution approving the proposed amendments.
- Shareholder Approval: Obtain consent through a special resolution in the General Meeting.
- Filing with RoC: Submit necessary forms, such as MGT-14, with the RoC.
- Approval: The RoC reviews and approves the amended MOA.
- Updated Records: Ensure updated MOA is recorded in company documents.
Key Benefits of Professional MOA Change Services by Ractax
- Compliance Assurance: Avoid legal penalties with accurate and timely filing.
- End-to-End Support: From planning to execution, we handle all aspects of MOA amendments.
- Expert Recommendations: Align MOA changes with your business growth and strategic goals.
- Efficient Process: Save time and resources with our streamlined service.
Let Ractax Simplify Your MOA Changes
Whether you’re expanding your business, relocating, or rebranding, Ractax ensures your MOA amendments are handled efficiently and in full compliance with the law.
Contact Us Today to discuss your requirements and ensure a seamless MOA change process!