What are the various clauses of memorandum of association?
A memorandum of association (MOA) contains a name clause, registered office or business location clause, objective or objects clause, liability clause, capital clause, as well as an association clause.
How many clauses are there in the memorandum of association?
six different clauses
Memorandum of Association (MOA) includes six different clauses as mentioned below: Name Clause. Domicile Clause. Objects Clause.
What are the clauses in the Memorandum of Association of a company explain the procedure for the alteration in the memorandum of association?
If the company itself wants to change its name, then this alteration in the name clause of Memorandum will come under clause Section 13. Whereas for any kind of rectification in the name of the company, then the alteration will come under clause section 16 which requires approval from the Central Government.
What are the compulsory clauses in a Memorandum of Association in what mode and what extent can a company alter the clauses?
A company can alter its memorandum by means of alteration in the following clause of Memorandum of Association:
- Name Clause.
- Object Clause.
- Capital Clause.
- Registered Office Clause.
- Liability Clause.
- Subscription Clause.
What is Memorandum of Association and clauses of alteration?
Alteration of Memorandum of Association (MOA) – A complete Step by Step Procedure. Memorandum of association is the document that governs relationship between the company and the outside. It is a charter of the company and mentions the extent and scope of its activities.
What is MOA explain different clauses of MOA also explain the procedure for altering?
Procedure for Alteration in Memorandum of Association Step 2: The resolutions with respect to the alteration in MOA has to be passed during the board meeting. Then the approval to be obtained for the alteration in MOA and recommending the proposal for members consideration while passing the special resolution.
What are the clauses in the Memorandum of Association of a company explain the procedure for the alteration in the Memorandum of Association?
What is Memorandum of Association explain the procedure for alteration of various clauses of Memorandum of Association?
Alteration in the Memorandum of Association can be made by following the procedure under section 13 of the Companies Act’2013. This section is applicable to all companies. Hold board meeting to recommend the proposal for members’ consideration by passing a special resolution.