alteration of moa and aoa...
This query is : Resolved
01 August 2016
I have a query.. can we modify moa and aoa for change or appointment or retirement of director everytime.. ?
Naveen Kumar R
(Expert)
01 August 2016
* yes we can alter the Moa and Aoa but you have to follow the Section 14 of the Companies Act, 2013 lays down that subject to the provisions of the Act and to the conditions contained in its memorandum, a company may, by a special resolution, alter its articles. Every alteration of articles shall be filed with the Registrar together with a printed copy of the altered articles within a period of fifteen days. [Section 14(2)] Any alteration of the articles so registered, shall be valid as if it were originally in the articles. A company may alter its articles in accordance with the above provisions in any of the manners mentioned below:
(i) by adoption of new set of articles;
(ii) by addition/insertion of a new article;
(iii) by deletion of an article;
(iv) by amendment of a specific article; or
(v) by substitution of a specific article.
(i) by adoption of new set of articles;
(ii) by addition/insertion of a new article;
(iii) by deletion of an article;
(iv) by amendment of a specific article; or
(v) by substitution of a specific article.
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