09 July 2024
Here's a draft of a Memorandum of Association (MOA) for a car rental service private limited company. This is a template and should be customized to fit your specific requirements and details. Please consult a legal expert or a company secretary to ensure compliance with all legal requirements.
### Memorandum of Association (MOA)
**THE COMPANIES ACT, 2013**
**COMPANY LIMITED BY SHARES**
**MEMORANDUM OF ASSOCIATION**
**OF**
**[Your Company Name] PRIVATE LIMITED**
1. **Name Clause:**
The name of the company is **[Your Company Name] PRIVATE LIMITED**.
2. **Registered Office Clause:**
The Registered Office of the company will be situated in the State of **[State Name]**.
3. **Objects Clause:**
**A. The main objects to be pursued by the company on its incorporation are:**
1. To carry on the business of car rental services, including but not limited to renting, leasing, and hiring of cars, vans, buses, and other vehicles to individuals, businesses, and other entities for various purposes.
2. To provide chauffeur-driven car rental services, self-drive rental services, and corporate car rental services.
3. To establish, maintain, and operate facilities for the maintenance, servicing, and repair of rental vehicles.
4. To enter into contracts, agreements, and arrangements with travel agencies, tour operators, hotels, and other entities to promote and expand the car rental business.
**B. Matters which are necessary for furtherance of the objects specified in clause 3(A) are:**
To acquire, purchase, lease, or otherwise obtain any properties, rights, privileges, licenses, concessions, and facilities necessary for the business.
To enter into contracts, agreements, and arrangements with individuals, companies, firms, and others for the purpose of conducting business.
To borrow or raise money, with or without security, for the business needs of the company.
To invest and deal with the funds of the company as deemed appropriate.
To establish offices, branches, agencies, and related setups in India and abroad for business operations.
To appoint and employ drivers, mechanics, managers, and other personnel for carrying out the business of the company.
To market, advertise, and promote the services of the company through various means including digital marketing, exhibitions, and trade fairs.
To form partnerships, alliances, joint ventures, or collaborations with other entities for achieving the objectives of the company.
To apply for, purchase, or otherwise acquire any intellectual property rights and use them for the benefit of the company.
To engage in training, education, and knowledge dissemination related to car rental services and operations.
4. **Liability Clause:**
The liability of the members is limited and this liability is limited to the amount unpaid, if any, on the shares held by them.
5. **Capital Clause:**
The Authorized Share Capital of the company is Rs. **[Amount]** (Rupees **[Amount in Words]**) divided into **[Number of Shares]** equity shares of Rs. **[Amount per Share]** (Rupees **[Amount per Share in Words]**) each.
**Subscription Clause:**
We, the several persons whose names and addresses are subscribed below, are desirous of being formed into a company in pursuance of this Memorandum of Association, and we respectively agree to take the number of shares in the capital of the company set opposite our respective names.
| Sr. No. | Name of Subscriber | Address | Number of Shares taken by each Subscriber | Signature | |---------|--------------------|---------|-------------------------------------------|-----------| | 1 | [Name 1] | [Address 1] | [Number of Shares] | [Signature] | | 2 | [Name 2] | [Address 2] | [Number of Shares] | [Signature] |
**Dated this [Day] day of [Month], [Year]**
Witness to above signatures:
**[Name]**
**[Address]**
**[Signature]**
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This draft provides a basic structure for the MOA of a car rental service company. Ensure to tailor the details specific to your company and consult with a legal expert to ensure full compliance with the Companies Act, 2013.
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