Change In MOA and AOA
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What are the main clause of the MOA?
There are six clauses of MOA i.e Name clause, situation clause, object clause, liability clause, capital clause, Association clause.
When it is to be filed?
It has to be filed with the Registrar of Companies during the process of incorporating a company. It contains the fundamental conditions under which the company is allowed to operate. it had to include the "objects clause" which let the shareholders, creditors and those dealing with the company know what is its permitted range of operation.
What is AOA
It alludes to the company's constitution, which is that document that lays out internal management guidelines for achieving the goals outlined in the memorandum of association.
The AOA lays out the duties of the directors, the types of business that must be conducted, and the ways in which the shareholders can influence the board of directors.
steps included in the process
