To change the objects of a company, a Board Meeting must be conducted after giving notice to all the Directors of the company to fix the date, time, place and agenda for a General Meeting to pass a Special Resolution for altering the MOA of the Company. Notice must be issued for General Meeting by giving not less than 21 days notice in writing proposing the Special Resolution with suitable Explanatory Statement.
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Company can change object of the company by holding of Board Meeting & passing special resolution in the General Meeting after that file form MGT-14 within 30 days from the date of passing of special resolution of the Company with prescribed fee.
Yes, passing special resolution in the General Meeting is mandatory for change of object of the Company.