MOA Amendment

MOA considered as the constitution of a company, that means Memorandum is a crucial main document for the company. The activities mentioned in the Memorandum of Association of the company are only those activities, which a company is authorised to do in the company. Memorandum of association describes the relation of the company with the rights of the members of the company interest and creates the connection of the company with its members. It lays down the constitution of the company, the rights of its members and the relationship of the company with its members. The alteration in the Memorandum of Association of the company is possible any time as per prescribed procedure stated in the company Act, 2013. The changes can become effective by the special resolution passed during the meeting of shareholders. Though there is no role of central government in the alteration of MOA, However, in few cases, where a company has similar name as of existing company, the central government may ask to change its name and alter it in its MOA. In case of change of activity, authorised share capital, change of name of the company or any other reasons, A company can alter its Memorandum of Association. The Board of Directors cannot modify the objects of the company without being approved by the shareholders of the company.