Alteration Of Memorandum Of A Company
NGN 21,000.0
3 days
Corporate Amendment
Description
Information about the compliance service
A company's Memorandum of Association is a representation of the corporate identity of a company and serves as its official identity card, providing essential information that third parties need to know about the company. This crucial document outlines the company's powers, responsibilities, and relationship with its shareholders and creditors. Think of it as a road map that clearly defines how the company operates and what it can legally do, making it easier for potential partners, investors, and other stakeholders to understand the company structure.
Requirements
Info and documents needed for this service
- Special Resolution signed by at least two directors must be filed within 43 days.
- Payment of filing fees.
- Re-stamping of memorandum.
- Altered memorandum must be stamped at the Federal Board of Inland Revenue.
- Up to date Annual Returns filing.
Process
Steps involved in this compliance service
- Pass a special resolution to have the objects of the company amended.
- Include the objects to be added or removed as the case maybe.
- Have resolution signed by the Director of the company or the Director and the Secretary.
FAQs
Frequently asked questions about this service
- Is it possible to alter a Memorandum of Association?
Yes. A Memorandum of Association can be altered. - What is the difference between a Memorandum of Association (MOA) and Articles of Association (AOA)?
MOA stands for Memorandum of Association, while AOA stands for Articles of Association. A Memorandum of Association outlines the fundamental relationship between the company and its shareholders, and includes the company's name, registered office, and the objects (purpose) of the company. An AOA on the other hand, details the internal rules and regulations governing the company's operations, such as the powers of directors, shareholder rights, and procedures for conducting meetings.