Change In MOA & AOA

Change In MOA & AOA

Introduction

A company which plans to alter its MOA (Memorandum of Association) and AOA (Articles of Association) must follow the compliances and provisions mentioned under Companies Act 2013. The Alteration of AOA and MOA of a private limited company or any other type of company requires various procedures to be followed.

MOA and AOA are the most important documents for any company whether it is a Private Limited company, section 8 company, public company, limited liability partnerships.

First coming to Memorandum of Association (MOA)

List of clauses that are covered under MOA

• Change in Object clause
• Alteration of Share Capital
• Relocation of Registered Office
• Change in name of the company
• Change in the liability of Members of the Company

Now coming to Article of Association (AOA)

All the important rules and regulations of the company are mentioned in the Articles of Association (AOA) of the company. It is the important documents of the company as it contains all the information of internal management of the company. Any alteration in the AOA of the company needs prior approval from the board members and shareholders and passing the resolution for change in AOA of the company.

List of clauses that are covered under AOA

• First director the company
• Share Capital
• Details of Subscribers
• Dividend and reserve policy
• Details of Key Managerial Positions