Even after incorporation, the Company may add, remove, or modify any existing objectives listed in the MOA as it deems necessary.
Here is the step-by-step process to change objectives of a Company in Nepal:
- Step 1: Gather the company’s board members for a meeting. Pass a resolution to change the company’s objectives.
- Step 2: Conduct a special shareholder’s meeting to discuss and approve the proposed changes.
- Step 3: Submit the necessary documents, including the minutes of the meeting, to the Office of Company Registrar (OCR) within one month.
- Step 4: Notify the Inland Revenue Department (IRD) and other relevant authorities about the changes.
Remember that the Memorandum of Association (MOA) should reflect the revised objectives. A well-drafted MOA ensures legal compliance and clarity for stakeholders. If you have any specific objectives in mind, make sure they align with the company’s mission and comply with legal requirements.
