Solution Point of Your Business Contacts

Change in Company’s Business

The object of the Company is defined in the Memorandum of Association of the company which determines the scope and range of business activity of company for which the company operates. A company can change its objects clause by altering in MOA. The reason behind to change business activity of company is expansion or change in goals. If you wish to expand your business in other industries as well or you have changed your business goals then you may go for alteration of business objectives of the company.

. WHY Change in Company’s Business .

Change in Business Activity

Change in objects of the company provides a new range to perform the business activity of company where the entity is seeing more opportunity to perform.

Access in new market

By change in objects clause of company will also provide entrant in new industries, which may helps in expansion of companies business.

Inclusion of new activities:

If directors or members of company want to operate in another area of market may also opt the option for alteration.

. DOCUMENTS .

Documents Required
  • Existing MOA & AOA of Company
  • Current Certificate of Incorporation
  • Digital Signature Certificate of director
  • Proposed object of company
  • Draft notice of meetings
  • Submission of e form MGT 14
  • Altered MOA & AOA
  • Expert Support
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. Frequently Asked Questions .

Ans:

Yes, after alteration of object clause, company will retain latest altered MOA by substituting the older one.

Ans:

Yes, company have to keep hard copy of altered set of MOA at the registered office of the Company.