Moa
This query is : Resolved
29 August 2014
Can anyone guide me to Change the MOA as per companies bill 2013.because it's mandatory requirement to change the moa as per CA 2013.so please tell me the process and what form I can fill for the same.and is there any time limit to change the same.
30 August 2014
Its not manadatory to adopt.new moa&aoa
30 August 2014
Thanks for reply.can you clarify me on the same because i have seen some the articles which is are as follows.
o To amend the existing MOA and AOA to incorporate the provisions of the new Companies Act;
o Option to include entrenchment provisions, if any, in the Articles of Association for strict compliance. (An entrenchment clause is a provision which makes further amendments to AOA more difficult. such provision enables a company to follow a more restrictive procedure than passing a special resolution for altering a specific clause of AOA. Entrenchment clause may prevent unilateral amendments to the AOA which may be a joint venture company.)
o To amend the existing MOA and AOA to incorporate the provisions of the new Companies Act;
o Option to include entrenchment provisions, if any, in the Articles of Association for strict compliance. (An entrenchment clause is a provision which makes further amendments to AOA more difficult. such provision enables a company to follow a more restrictive procedure than passing a special resolution for altering a specific clause of AOA. Entrenchment clause may prevent unilateral amendments to the AOA which may be a joint venture company.)
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