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Breif
Changing the object clause means updating the company’s MOA to modify its business objectives so the company can do new activities legally.
Overview
This helps the company expand into new areas, stay compliant with the law, and match its business operations with current goals. It involves board and shareholder approval, filing with ROC, and updating company records.
Process
Step 1 - Board Meeting & Resolution – Hold a board meeting to approve the proposed change in the object clause.
Step 2 - Shareholders’ Approval – Pass a special resolution in the general meeting of shareholders.
Step 3 –Draft Revised MOA – Prepare the updated Memorandum of Association reflecting the new object clause.
Step 4 – Filing with ROC – Submit Form INC-5 or INC-24 along with resolutions and revised MOA to the Registrar of Companies.
Step 5 – Payment of Fees – Pay the applicable ROC filing fees for the amendment.
Step 6 – ROC Approval & Confirmation – Receive confirmation and updated MOA from ROC, completing the process.
Checklist
Details & Documents Required for Change in name of company
1. Decision on New Object Clause – Finalize the new business activities or objectives the company wants to adopt.
2. Board Approval – Directors’ consent to proceed with the amendment.
3. Shareholder Approval – Agreement of shareholders via a special resolution.
4. Authorization – Authorize a company representative to coordinate with us.
5. Provide Company Details – CIN, registered office address, and director information.
6. Digital Signatures (DSC) – Digital Signature of the Authorized Person
Time Taken
Total Time: Approximately 7–10 working days from the date of receipt of all required documents.
- Decision on New Object Clause & Client Approval: 1 day
- Board & Shareholders’ Resolution Preparation: 1–2 days
- Filing Form INC-5/INC-24 with ROC for Object Clause Amendment: 1–2 days
- ROC Verification & Issuance of Updated MOA: 3-5 days
Deliverable
The following deliverables are included in the Biz Silver Plan. Deliverables for other packages may vary accordingly:
- Approved New Object Clause – Confirmation that ROC has accepted the proposed change.
- Board & Shareholders’ Resolutions – Professionally drafted and approved resolutions for the amendment.
- Filing with ROC – Complete submission of Form INC-5/INC-24 and all statutory requirements.
- Updated Memorandum of Association (MOA) – Reflecting the revised object clause.
Post-Amendment Compliance Support – Guidance for updating statutory records, licenses, and registrations.
Why Choose Us
Bizeneed make changing your company’s object clause fast, simple, and hassle-free. From drafting board and shareholders’ resolutions to filing with ROC and delivering the updated MOA, we handle everything end-to-end. Our experts ensure legal compliance, timely execution, and personalized support, so you can focus on your business while we take care of all formalities.
FAQs
A company name change is the process of updating the registered name of a company with the Registrar of Companies (ROC) to reflect a new identity or business vision.
Any company registered under the Companies Act, 2013, with board and shareholder approval.
It allows the company to undertake new business activities legally, stay compliant, and align with current operations.
Yes, both private and public companies can amend their object clause following MCA rules.
Yes, it should comply with MCA regulations and not violate any existing laws.
By passing board and shareholders’ resolutions, drafting a revised MOA, and filing Form INC-5/INC-24 with ROC.
Typically, 7–10 working days from the receipt of all client approvals and information.
Yes, a board resolution approving the amendment is mandatory.
Yes, a special resolution in a general meeting of shareholders is required.
Yes, ROC provides acknowledgment and status updates after submission.
Decision on new object clause, board/shareholder approvals, basic company details, and a point of contact.
No, we handle all drafting, filing, and submissions. Directors only need to provide approvals.
No, it is incorporated into the MOA; supporting documents may only be needed if the business activity requires regulatory approval.
Yes, regulated industries like banking, NBFC, or pharma may need additional approvals.
ROC issues an updated MOA reflecting the new object clause.
Yes, update PAN, GST, bank accounts, and licenses as needed.
Yes, operating outside the MOA can lead to fines or compliance issues.
Yes, we assist with all post-change compliance and statutory updates.