Change of moa

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2016 Hello!

If we change the main object of a private company & also change the name of the private company. Can we change the number and type of shares equity in the memorandum of association as well ???

If yes, then when we print the revised sets of memorandum of association the page of Number & types of shares equity will also be changed or we have no right to amend the page of Number & types of shares equity in the revised memorandum of association .

Kindly advise as according to some A/C firms it is not possible to change the page of number & types of shares equity at all . they say that in every time we do any amendment in MOA this page will remain without any change.

Pratik Shah

Pratik Shah (Expert)
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09 September 2016 What do you exactly mean by 'type of share equity' in this context? Can you please elaborate your query?

Querist : Anonymous

Querist : Anonymous (Querist)

10 September 2016 Hello Pratik Shah,

let me make it more simple. If there are 2 directors on the board of a Private Limited Company at the time of formation of the company. 1st Director is 51% equity Share holder & 2nd Director is 49% equity Share holder. after 6 months if there is a change i.e. 2nd Director becomes the 51% equity Share Holder & the 1st Director becomes 49% equity Share Holder. Can we reprint the Memorandum of Association mentioning these changes or we are not allowed.

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Pratik Shah

Pratik Shah (Expert)
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10 September 2016 The subscribers page will remain unchanged for the lifetime of the Company. It can not be amended.