The Memorandum of Association (MoA) defines the two key objectives of a company:

• Main Object: Covers the core business activities of the company.

• Ancillary Object: Covers the supporting activities required to carry out the business.

If you wish to modify these objectives, the following five steps must be followed:

Step 1: Board Resolution
The Board of Directors must hold a meeting and pass a resolution approving the proposed changes in the company’s objectives (and name, if applicable). A director or company secretary should be authorised to sign, certify, and file the necessary forms with the Registrar of Companies (RoC). The date, time, and venue for an Extraordinary General Meeting (EGM) must also be decided.

Step 2: Special Resolution in EGM
At the EGM, members are required to pass a special resolution. All members must be given prior notice containing mandatory details. Once the resolution is approved by the members, the process can proceed further.

Step 3: Filing Form MGT-14 with RoC
The company must file Form MGT-14 with the RoC, duly signed by the directors. Supporting documents also need to be attached for verification and approval.

Step 4: Issuance of Fresh Certificate of Incorporation
If the Corporate Identification Number (CIN) changes due to a revised industry code, the RoC will issue a new Certificate of Incorporation.

Step 5: Updating MoA Object Clauses
Once the new certificate is issued, the company must update the object clause in all copies of its Memorandum of Association.