Change in Object Clause

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With reason of growth or strategic changes, a company may require to undertake new activities or update business activity in MoA. This change in object clause of MoA is possible after consent of shareholders and the approval from Ministry.

The Memorandum of Association (MOA) of a company has object clauses that determine the purpose and range of activities of a company. After incorporation of a company, it may want to change object clause. This requires alteration in the MOA of the company and section 13 of the Companies Act 2013. Company can alter its object clause by way of addition, deletion, modification, substitution, or in any other way.

ComplianceIndia helps you with the simplest way to Change in Object Clause.

Reasons for Change in Object Clause

1. Many times a company is a takeover by another company just for the sake of its market value built. The objects of the company acquired must be updated as required for leading the business further.

2. The Government policies may change anytime, which essentially affects the company and its operations thus obeying the same Change in Object Clause required.

3. Introduction of new activities is the essential reason to change business objective.

4. When company is not continuing with certain activities mentioned in MoA then the same needs to be excluded from MoA.

Forms needs to be filed for Change in Object Clause

E Form MGT – 14 within a period of 30 days from the date of passing of special resolution in GM with Registrar of Companies

How we Work?

Step 1

Fill-up our Contact Form and Submit

Step 2

Our Expert/ Legal Professional will contact you and provide brief guidance into the related context

Step 3

All Required Documents and Details to be provided as discussed with our Expert

Step 4

Once all required documents and details are received, Our Expert will prepare and verify your application.

Step 5

Filing of Special Resolution passed at General Meeting with ROC.

Step 6

Follow up with the authority and resolve the queries, if any.

Step 7

On Successful verification of the documents submitted, New certificate of Incorporation will be issued.

Documents Required for Change in Object Clause

Notice for conducting Board Meeting

Notice to convey Board Meeting to approve the change in object clause and fix date, time and venue of General Meeting for shareholders’ approval.

Board Resolution

A certified copy of Board Resolution approving the amended object clause and for conveying General Meeting to obtain shareholders’ approval for change in object clause.

Notice for conducting General Meeting

Notice to convey General Meeting alongwith with Explanatory Statement as required under Section 102 of the Companies Act 2013.

Special Resolution

A certified copy of Special Resolution passed by shareholders at General Meeting for change in Object Clause

Digital Signature Certificate (DSC)

Digital Signature Certificate of one of authorised director of the Company for filing E-form MGT-14

MOA & AOA

A copy of latest amended MoA and AoA of the company

Our Charges

Our charges for filing of Change in the Object Clause starts from Rs. 1,999/-.

Frequently Asked Questions

1. How do I intimate Ministry of Corporate Affairs about change in Object Clause of MOA?

In case a company wants to change its object clause, it can do so by filling passing necessary resolution and file eForm MGT-14.

2. What should be kept in mind while changing object?

One should make sure that the new object also covers all the ancillary activities to the main object. Also, the name should represent the object correctly even after the change of the object, else the RoC may direct name change.

3. When will the change of object be in effect?

It will be effective only after receipt of approval by the RoC for the application made. Only after approval, the company may carry on updated activities.

4. Whether change of business activity requires alteration in MoA?

Yes, the object clause is part of the Memorandum which must be altered to give the effect of the change of business objective. The said altered MoA shall also be filed with RoC while making an application. Where the Registrar deems appropriate, he may ask for the adoption of new set of Memorandum and Articles in line with Companies Act, 2013.

5. Whether the change the name of the company is required while change of Object?

The change in name of the company is not necessary in every case. However, where the existing name of the company fails to reflect the new activities or any relations thereto, the registrar may direct to change the name of the company accordingly.

6. Whether the procedure of the change of object and change of name can be carried on simultaneously?

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