The articles of association (AoA) is a document that specifies the regulations for a company's operations, and they define the company's purpose and lay out how tasks are to be accomplished within the organization, including the process for appointing directors and how financial records will be handled.
The AoA of a company are its by-laws or rules and regulations which govern the management of its internal affairs and the conduct of its business. They are framed with the object of carrying out the aims and objects as set out in the Memorandum of Association.
The alteration must not exceed the power given by MOA and compatible with companies Act. A company can alter its Article by the way of addition, deletion, modification, substitution, or in any other way.
Form MGT 14
a) The alteration must not exceed the powers given by the MoA of the company or conflict with the provisions thereof.
b) It must not be inconsistent with any provisions of Companies Act or any other statute.
c) It must not be illegal or against public policies
d) The alteration must be bona fide for the benefit of the company as a whole.
e) It should not be a fraud on minority, or inflict a hardship on minority without any corresponding benefits to the company as a whole.
f) The alternation must not be inconsistent with an order of the court.
g) The alteration cannot have retrospective effect.
The change in AoA should be intimated to RoC within 15 days
No, you needn’t to be available in person, change in AoA process is online. A scanned copy of documents can be sent to us via mail, and we will handle the rest.