The Memorandum of Association (MoA) is a document which sets out the constitution of a company and is therefore the foundation on which the structure of the company is built. The object of the company is mentioned in the object clause of the MoA. For the purpose of change in object, the MoA of the company is required altered therefore process of alteration of memorandum is to be followed.
The Company is required to fulfil some additional requirements in case of change in object for which money is raised from the public and company still has some unutilised amount out of it. Following additional conditions should be fulfilled:
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