The Memorandum of Association (MOA) mentions the objectives of the company under the objects clause. These objectives are said to be the guidelines of the company’s activities and purpose of existence and are usually defined during the incorporation of a company. However, in certain cases, these objectives would need to be changed in case the company decides to take up additional activities, or any other such requirements.
The change would have to initiate from the Board of the Company
Also Read: Process of Altering Memorandum of Association of a Company
In case a public limited company decides to change its objects clause, then:
Once the approval of the Registrar is obtained on the MGT-14 form, the company can make the necessary alterations to the MOA, as agreed upon by the special resolution. Each and every copy of the company’s MOA would have to be accordingly changed. Additionally, once the MOA is altered, a copy of the amended document has to be sent to the stock exchanges.