About the Service
The objects clause mentioned in the company’s MOA determines the purpose and scope of activities for which the company operates. During the company registration process, the shareholders decide the objects for which the company is formed. If there are changes to be made to the objects during the course of operations, shareholder approval and MCA approval would be required.
Documents required
1. MGT-14
2. Altered Memorandum of Association
3. Signed documents as sent by us
UComply shall file MGT-14 for the same
Timeline of the Service:
The completion of the service shall take around 8-9 working days from the receipt of the signed documents.
FAQs
1. What are the restrictions for the modification of Object Clause as per Section 13(2)?
A Company that holds such money which remains unused which was raised by the issue of prospectus. Before altering the object clause, such Companies shall pass a resolution, and such resolution shall be displayed or published in both English newspaper and vernacular newspaper.