What is MOA and AOA in a company?
What is MOA and AOA in company? MOA simply means Memorandum of Association. AOA simply means Articles of Association. These are used to guide the daily operations of the company. Some companies can decide to change their MOA and AOA.
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Changing the MOA and AOA of a company
It is possible to change the company AOA and MOA. Whenever this is the case, it means that the operations and structure of the company will be changed. Some of the changes that will affect the company include:
- A change in the objectives of the company
- The governance framework could be changed
- A change in the company’s share capital.
When a company wants to change its AOA and MOA, there is usually a careful deliberation in the board of directors of the company. In addition, a general meeting will be held to get the approval of the company’s shareholders. If the request for change is approved, a special resolutions will be used to record these changes. This will then be submitted to the ROC, where it undergoes formal approval. It is then added to the records of the company. It is important to
undergo this process because it ensures that company complies to regulatory demands while trying to adapt the business to new circumstances and operations.
Forms for changing company AOA and MOA
You may ask, “How can I download MOA and AOA from MCA?” It is important to use the relevant form when changing your Memorandum of Association (MOA) as well as your Articles of Association (AOA). It is done according to the 2013 Companies Act. You will need to know how to get MOA and AOA from MCA. This is because it is done with the MGT-14 form. With this form MGT-14, you can approach the ROC (Registrar Of Companies) to file resolutions and agreements.
How to make MOA and AOA changes according to the 2013 Companies Act
We know how to draft MOA and AOA changes for companies according to the 2013 Companies Act. All you need to do is to contact us and we will draft this according to the Company’s Act of 2013. In this Act, section 14 guides companies on how to change their AOA/MOA. With this guide, we can easily help you to change the memorandum of your company. We will change the name, member’s liability, registered office, and the objects of your company.
Frequently Asked Questions
These are changes to important company documents. The changes are carried out after there has been a change in the company structure.
Companies change these documents because of business expansion, legal requirements, change in its capital structure, or company restructuring.
This change is made by the shareholders during a meeting. The process of changing the document is often an extensive and complex procedure.
To change its AOA, a company will need to submit its form MGT- 14. This is filed through the ROC (Registrar of companies).
The new AOA becomes valid when the board passed a resolution. This new AOA is as powerful and effective as the old version.