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MOA/AOA Amendment

Amend

Your MOA/AOA

Memorandum needs to be changed when there’s change in object or liability or capital. Prices starting at INR 4,999/- only.

 
 
 
 
 
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What is Amendment to Memorandum?

All you need to know

To change the objects or aims and objectives of your business, you need to amend the Memorandum of Association. The MoA contains the object clause. This is not at all difficult. There’s a well-defined procedure for the same.  For example, one mistake most companies make is to include several areas in the main objects. This will not be approved. For example, if you are in the IT business, you can cover all software services in the main objects, but other services, such as hardware, trading of related items must be included in ancillary objects.

Changes to the Memorandum of Association of a company would require the passing of a special resolution and shareholders consent. Other Changes to Memorandum can include changing the name of a company, changing registered office from state to state, alteration of objects clause, alteration of a capital clause or an increase of authorized capital.

ThinkBiz Filings is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Memorandum Amendment procedure with ThinkBiz Filings is easy, seamless, cheapest and quickest with ThinkBiz Filings Apart from Memorandum Amendment Procedure, ThinkBiz Filings also helps entrepreneurs with ROC Compliances, LLP Annual FilingOPC Annual FilingCompany Annual Filing and all other compliances easily. You may get in touch with our compliance manager on 09704561215 or email info@Thinkbizfiling.com  for for free consultation.

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Compliance Requirements for a Partnership Firm

Income Tax Return

    Partnership firms must file annual tax returns. The due date is 31st July for non-audit cases and 30th September for audited firms. Timely filing ensures compliance, avoids penalties, and maintains legal standing.

    GST Compliances

      Partnership firms must register for GST if turnover exceeds the prescribed threshold. Regular GST return filing is mandatory to ensure compliance, avoid penalties, and maintain smooth business operations under GST laws.

      TDS Compliance

        Partnership firms must deduct and deposit Tax Deducted at Source (TDS) if liable under the Income Tax Act. Timely filing of TDS returns ensures compliance, avoids penalties, and maintains smooth financial operations.

        Accounting

          firms must maintain proper books of accounts reflecting an accurate and fair view of financial affairs. Each partner’s capital, withdrawals and profit share should be recorded separately to ensure transparency

          Tax Audit (if applicable)

            Required for partnership firms if business turnover exceeds ₹1 Cr or professional receipts surpass ₹50 Lakh under Section 44AB, ensuring regulatory compliance and accurate financial reporting.

            Firm Updates

              Partnerships must file updates on any changes in firm structure, such as partner additions, removals, or modifications to the partnership deed, ensuring legal compliance and transparency.

              Documents Required for Partnership Firms

              Quick Checklist

              • PAN card of all partners of the firm.
              • Aadhaar/Passport/Voter ID/Driving License of all partners.
              • Latest utility bill, rent agreement, or ownership proof of the firm’s office.
              • Latest bank statements of partners.
              • Recent photos of all partners.

              Key Benefits of a Partnership Firm

              Points to make your decision easy

              Ease of Formation

                Partnership firms have a straightforward registration process with minimal legal formalities, making them easy and cost-effective to establish.

                Tax Benefits

                  Partnership firms avoid double taxation, as profits are taxed only at the firm’s level and not again in the hands of partners, ensuring tax efficiency.

                  Lower Compliance

                    Partnership have fewer regulatory requirements and legal formalities compared to corporations, reducing administrative burdens and operational costs.

                    Decision-Making

                      Partnership firms enable quick decisions without extensive regulatory approvals, allowing for agile business operations and faster implementation of strategies.

                      Profit Sharing

                        Partners can distribute profits as per the agreed ratio in the partnership deed, allowing flexibility and mutual benefit in financial management.

                        No Minimum Capital

                          Partnership firms have no minimum capital requirement and can be registered even with Rs. 10,000 as total capital, providing flexibility in business setup.

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                          FAQs On MOA/AOA Amendment
                          Get answers to all your queries
                          • MOA is a foundational document of a company that defines its objectives, scope, and powers. It includes: ✅ Name Clause ✅ Registered Office Clause ✅ Objects Clause ✅ Liability Clause ✅ Capital Clause ✅ Subscriber Clause
                          • AOA is a set of rules & regulations that govern the internal management of a company, including: ✅ Rights & duties of shareholders and directors ✅ Voting rights ✅ Transfer of shares ✅ Dividend distribution
                          • Yes, a company can alter its MOA & AOA by passing special resolutions and obtaining ROC approval.
                          • Steps to amend MOA: ✅ Board Meeting – Pass a resolution for amendment ✅ Shareholders' Approval – Conduct an EGM and pass a special resolution ✅ File Form MGT-14 – Submit the resolution to the ROC within 30 days ✅ Approval from ROC – After verification, the ROC approves the amendment
                          • Form MGT-14 must be filed with the Registrar of Companies (ROC) for approval.
                          • Documents required: ✅ Board Resolution & Shareholder Resolution ✅ Revised MOA with changes highlighted ✅ Form MGT-14 ✅ Proof of Stamp Duty Payment
                          • The MOA can be amended for: ✅ Change in Company Name ✅ Change in Registered Office Address ✅ Change in Business Objectives ✅ Increase in Authorized Share Capital ✅ Alteration in Liability Clause
                          • Yes, every amendment to MOA requires filing Form MGT-14 and obtaining ROC approval.
                          • Steps to amend AOA: ✅ Board Meeting – Pass a resolution for amendment ✅ Shareholders' Approval – Conduct an EGM and pass a special resolution ✅ File Form MGT-14 – Submit the resolution to ROC within 30 days ✅ Approval from ROC – After verification, the ROC approves the amendment
                          • Form MGT-14 must be filed with the Registrar of Companies (ROC) for approval.
                          • Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215

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