A company intends to make some changes in the object clause of its Memorandum of Association. What is the regulatory procedure to be followed?

Answer
In order to amend the Memorandum of Association, the following needs to be done:

(a) the members must in an Extra Ordinary General Meeting propose and adopt such revision of object clause of the Memorandum
(b) file return of the EGM with the Registrar of Joint Stocks of Companies and Firms and
(c) obtain permission from the High Court Division of such change.

The alteration shall not take effect until and except in so far it is confirmed by the court on petition.

A certified copy of the order confirming the alteration, together with a printed copy of the memorandum as altered shall be filed by the company with the Registrar within 90 days from the date of the order or within such time as may extended by the court and the registrar shall register the same and shall certify the registration under his hand and the certificate shall be conclusive evidence that all the requirement relating to alteration have been complied with. (section 12-15 of the Companies Act)

220 thoughts on “Object clause of MoA

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