MOA Objectives for Private Limited Company

This query is : Resolved

Devendra Reddy (Querist)
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21 April 2021 Can Anyone Share the Objectives and Supporting Objectives for MOA for a company Manufacturing in Motor Vehicles, Trailers and Semi-trailers ( Manufacturing of Electrical Bikes and Repairs).

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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09 July 2024 Here's a draft for the Memorandum of Association (MOA) for a company involved in the manufacturing of motor vehicles, trailers, semi-trailers, and specifically manufacturing electrical bikes and providing repair services.

### 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 design, develop, manufacture, assemble, import, export, buy, sell, and otherwise deal in all kinds of motor vehicles, including but not limited to motorcycles, scooters, electrical bikes, trailers, and semi-trailers.

2. To carry on the business of manufacturing, assembling, repairing, servicing, maintaining, and dealing in electrical bikes and other electrically operated vehicles.

3. To set up and operate workshops, service centers, and maintenance facilities for the repair and maintenance of motor vehicles, trailers, semi-trailers, and electrical bikes.

**B. Matters which are necessary for furtherance of the objects specified in clause 3(A) are:**

1. To acquire, purchase, lease, or otherwise obtain lands, properties, rights, licenses, concessions, and facilities necessary for the business.

2. To enter into agreements, contracts, and arrangements with individuals, firms, companies, government authorities, and others for the purpose of conducting business.

3. To borrow or raise money, with or without security, for the business needs of the company and to secure the repayment thereof in any manner as the company may think fit.

4. To invest and deal with the funds of the company in such manner as may be deemed appropriate by the Board of Directors.

5. To establish branches, offices, service centers, and agencies in India and abroad for facilitating the business operations of the company.

To employ, appoint, and remunerate managers, engineers, technicians, workers, salespersons, and other personnel necessary for carrying out the business of the company.

To market, advertise, promote, and sell the products and services of the company through various means, including digital marketing, trade shows, exhibitions, and other promotional activities.

To form partnerships, alliances, joint ventures, or collaborations with other entities, individuals, or organizations for achieving the objectives of the company.

To apply for, purchase, or otherwise acquire any patents, trademarks, designs, licenses, concessions, and the like, conferring any exclusive or non-exclusive or limited rights and to use, exercise, develop, or grant licenses in respect of the same.

To engage in research, development, and innovation activities aimed at improving existing products and services and creating new ones in the field of motor vehicles, trailers, semi-trailers, and electrical bikes.

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 company involved in the manufacturing of motor vehicles, trailers, semi-trailers, electrical bikes, and repair services. Ensure to tailor the details specific to your company and consult with a legal expert to ensure full compliance with the Companies Act, 2013.