Change in Business Activity

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Change Business Activity

All you need to know

The business objectives of the company are defined in the main object clause of MoA.  The scope of the company’s principal business activities are defined under these objectives within which it may operate. A company cannot undertake those activities, which are not described under in its object clause.

 

In any case, no company can act against the provisions of its Memorandum, and if it does so, such transaction will be ultra vires and hence void. If the company wants to expand its business or make strategic changes, a company may require to undertake new activities or update business activity in MoA. So, if the company wants to make changes in object clause of MoA it is possible only by passing special resolution after consent of shareholders and the approval from Ministry of Corporate Affairs.

 

The process to amend the Object Clause of Company’s MOA for change in business activity are as follows:

  • Hold The Board Meeting
  • Conduct EGM
  • ROC Filling
  • Approval By ROC
 

Business Activity Change Fees

BASIC

4899 (All Inclusive)
  • Change in Business Activity (Private Limited)

STANDARD

8899 (All Inclusive)
  • Change in Business Activity (Public Limited)
Popular

Reasons for change in Business Activity

QuickBiz is a technology driven platform which offers legal & financial services over its team of professionals. Before applying this services applicant should know the list of advantages of this service in India.

Enhancing the scope of business activity

The Company may want to carry on its business on a larger scale by enhancing the scope of its business activities. If the company wants to make changes in object clause of MoA, it is possible only by passing special resolution after consent of shareholders and the approval from Ministry of Corporate Affairs(MCA)

Removing the activities which are not undertaken

If the company is no more involved in the activities which are mentioned in the MoA, then it should update its MoA with MCA by deleting those activities which are abandoned by it.

List of Documents for Company Name Change

Our mission is to offer excellent support to our client in respect of all the legal compliances on affordable rates. Have a look at the list of documents required to avail this service.

Documents of Shareholders/Directors
  • Details of change
  • DSC of authorized director
Registered Company Related Documents
  • MOA and AOA

How to Change in Business Activity

Change in Business Activity Process in 5 steps
  • 1. Complete a checklist
  • 2. Submit Document
  • 3. Preparation of Resolutions
  • 4. Drafting of Revised MOA
  • 5. Filing of Forms with ROC

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