Rearrange Company Charter For Free

The Memorandum of Association (MOA) of a company defines the constitution and the scope of powers of the company. In simple words, the MOA is the foundation on which the company is built. Hence, it is called the charter of the company.

A charter document is a legal document granting specific rights and responsibilities to a group of people. These include institutions, colonies, cities, and corporations. A charter is a formal outline of how an institution is supposed to be established by its structure and purpose.

Company can alter its Article by way of addition, deletion, modification, substitution, or in any other way, only if it wants. To alter the Article of association of Company By giving Notice of at least 7 days. At the Board meeting, the given resolutions in respect of alteration in AOA must be passed.

Pass a resolution at the board meeting to approve the object clause. A director or the Company Secretary of the company will be authorised in the meeting to sign, certify and file the required forms with the RoC. Also, the Board of Directors will fix a day, time and venue of Extra Ordinary General Meeting of members.

Section 13 of the Companies Act, 2013 deal with change of name which says that the name of the company can be changed by a special resolution and with the approval of the Central Government. Approval of Central Government is not required if the change relates to the addition/deletion of the words ?private? to the name.

Chartered company: A chartered company's nature and powers of business are specified by the charter which establishes it. Royal Chartered Company is another name of the chartered companies. Bank of England, East India Company, British Broadcasting Corporation (BBC), etc. are some examples of chartered companies.

A. : a grant or guarantee of rights, franchises, or privileges from the sovereign power of a state or country. The charter allows for unrestricted trading. b. : a written instrument that creates and defines the franchises (see franchise entry 1 sense 1) of a city, educational institution, or corporation.