To update the objects or aims of your business, you need to amend the Memorandum of Association (MoA), which includes the object clause detailing your company’s business activities. While the process is straightforward, it must follow a well-defined procedure. A common mistake companies make is listing multiple areas of business under the main objects clause. For instance, if you’re in the IT sector, you should include all software services under the main objects but list other activities like hardware services or related trading as ancillary objects.
Any company that changes its registered office must notify the Ministry within 30 days of the change. A special resolution is required if the registered office is shifted to another city within the same state. If the registered office is moved from one state to another, the company must complete certain formalities, including giving a newspaper advertisement, notifying the State Government, and obtaining an NOC.
My File Tax is a leading business platform offering a progressive concept for end-to-end incorporation, compliance, advisory, and management consultancy services for clients in India and abroad. Our Memorandum Amendment procedure is easy, seamless, cost-effective, and quick with My File Tax!
In addition to the Memorandum Amendment procedure, My File Tax provides comprehensive services including ROC compliances, LLP annual filing, OPC annual filing, company annual filing, and other business compliance needs. For a free consultation, get in touch with our compliance manager at +91 72074 46677 or email Kbharathca@gmail.com
Choose Your Package
