Change in business nature / MOA

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Accountant
208 Points Posted on 19 November 2022
Hii all,

A company registered in Delhi engaged in the business of auto parts , last month the company started a GYM in Delhi on rented premises .

Pls tell me ....Is there any need for alterations in MOA ..??
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On 19 November 2022 at 14:12 Report
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Quick Summary
A Delhi-based company, originally registered for auto parts, has recently opened a gym on rented premises. The core question is whether an alteration to the company's Memorandum of Association (MOA) is necessary. If the new gym business activity is not already covered within the existing object clause of the MOA, then an amendment will be required.

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Accountant
7 Points Posted on 19 November 2022
If such kind of business objectives are not covered then it is yes
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On 19 November 2022 at 15:55
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9 Points Posted on 23 November 2022
If such activity is not included in the object clause of the company and the company has opened the GYM as a part of its business activity, then Alteration in the MOA is required
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On 23 November 2022 at 14:51
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Accountant
208 Points Posted on 23 November 2022
Thanks
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On 23 November 2022 at 18:39

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