Clauses of memorandum of association in hindi | What is MOA? | Business Organisation

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Memorandam of association ? How it can be altered ?Sir please iss topic par bhi video banado

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Memorandam of association ? How it can be altered ?Sir please iss topic par bhi video banado

[@khalnayakmirchemirche3907]

The Memorandum of Association (MOA) of a company can be altered, but the process is subject to legal restrictions. The alteration typically requires compliance with the provisions outlined in the Companies Act or relevant corporate laws of the specific jurisdiction. Here are the general steps involved in altering the Memorandum of Association: 1. **Board Resolution:** - The board of directors must pass a resolution recommending the alteration to the Memorandum of Association. 2. **Shareholder Approval:** - A special resolution must be passed by the shareholders in a general meeting. A special resolution usually requires a higher majority vote compared to an ordinary resolution. 3. **Approval from Regulatory Authorities:** - Depending on the jurisdiction, certain alterations may require approval from regulatory authorities or governmental bodies. This could include changes related to the company's name, registered office, or business activities. 4. **Filing with Regulatory Authorities:** - After obtaining shareholder approval, the company needs to file the resolution and the altered Memorandum of Association with the relevant regulatory authorities. This is often done with the Registrar of Companies or a similar entity. 5. **Legal Compliance:** - Ensure that the proposed alteration complies with the legal requirements specified in the Companies Act or other applicable laws. This may involve verifying that the alteration does not violate any statutory provisions. 6. **Issuing Updated Memorandum of Association:** - Once approved and filed, the updated Memorandum of Association becomes the legal document reflecting the altered terms and conditions. Copies of the altered Memorandum may need to be distributed to relevant stakeholders. It's important to note that not all clauses in the Memorandum of Association can be altered. Some clauses, such as the company's capital clause, may be subject to specific legal limitations. Additionally, the alteration process and requirements may vary depending on the jurisdiction and the specific provisions of the company's existing Memorandum of Association. Legal advice and consultation with professionals familiar with corporate law are advisable when considering any alterations to the Memorandum of Association.