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What is a Memorandum of Association or MOA?

The Memorandum of Association (MOA) is an important document of a company in certain Jurisdictions. While incorporating a Section-8 company, the memorandum is mandatory to be filed with the Registrars of Companies (ROC) and the Ministry of Corporate Affairs (MCA). It shows the company’s initial capital and the ‘object clause’ which lets the shareholders, creditors, and those dealing with the company know about what is the limit of range of operation.

What is the MOA Amendment Procedure of Section-8?

For numbers of reasons, a Section 8 company’s MOA can be modified or amended. In the process, the concerned organization is required to follow the provisions of the Companies Act, 2013 and the guidelines of the Registrar of Companies ROC.

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When is MOA Amendment required for a Section 8 Company?

In case of changing the Name of the Section 8 Company
Change of Registered Office of the Company
Alteration in Capital Clause of the Company
Change in a Company’s Members’
If the Object Clause of the Company is modified

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Requirements During Amending Section 8 Company’s MOA

Board Meeting

A Board Meeting of the Section-8 company should be organized to approve the MOA Amendment from the managing authority.

Director’s Approval

Following the Board Meeting, the company’s Director should approve the MOA Amendment process by passing a special resolution.

Documentation of the Amended MOA

Following the completion of the process, the amended MOA should be recorded in all the official documentation of the concerned Section 8 Company.

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How we work?

Filling up the Form and Completing Payment

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Our Specialised CA Panel will calling you for details

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Upload the Documents & Details as requested over call

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The Expert will Prepare and ask for Your Approval for Amending the Limited Company’s MOA

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Filing of the Form MGT-14 to the ROC and processing for MOA Amendment

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FAQ

What is the MOA of a Section 8 Company?

MOA or Memorandum of Association works as the internal constitution of a Section 8 Company. It contains the AoA, the initial capital, Object Clause and is mandated to be filed in the time incorporation of the particular organization.

What is the MOA Amendment process?

In the Amendment process, the MOA of a Section 8 Company is modified or changed for reasons like changing the Name of the Company, change of the Registered Office, or alteration in the company’s objectives.

Which Act of the Indian Govt. oversees the MOA Amendment process?

The MOA Amendment procedure is regulated by the Companies Act, 2013 of the Indian Govt, along with the provisions of the Registrar of Companies ROC.

Can the Section 8 Company’s Director(s) approve the MOA Amendment process alone?

No. The Section 8 Company amending the MOA is required to pass a special resolution from both the Directors and the managing authority.

How much time does it take to complete the MOA Amendment process?

The ROC usually takes 10-15 days (subject to Ministry of Corporate Affairs) to approve the MOA Amendment procedure, the other parts like passing the resolution, arranging a board meeting depends on the particular organization.

Which types of companies need prior validation for MOA Amendment?

A few businesses like Banking, Mutual Fund, Insurance, Architecture are required to get prior validation for their MOA Amendment procedure.

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