NAME CLAUSE : The name clause consists of the name of the company and it also represents that the company is private limited company or public limited company or section-8 company etc. The name of the company should end with the word “Private Limited”, “Limited” or “OPC Pvt Ltd”.
REGISTERED OFFICE CLAUSE: The name of the state is mentioned in the MOA where the registered office of the company is situated. For example, if any company is registered in Bangalore, then the state “Karnataka” shall be mentioned in the registered office clause.
OBJECT CLAUSE: This clause has the details of the business activity of the company which the company is going to start or run after its registration. The company can choose any activity but it should not be any prohibited or illegal business activity. This clause consists of two parts, one part has the main business activity of the company and the second part has the ancillary or secondary business activity but this secondary business activity should be related to the main business activity.
CAPITAL CLAUSE: The capital clause consists of the amount of authorized capital, which means the company shall have that amount as a maximum authorized capital.
LIABILITY CLAUSE: It consists of the liability of the shareholders of the company means the shareholders have limited liability or unlimited liability it shall be mentioned in this clause. And it can be altered after the approval of the shareholders in the general meeting and the same shall be informed to the registrar. Generally, the company is registered with limited liabilities.
SUBSCRIBER CLAUSE: Subscribers are the persons who are ready to sign the memorandum and article of the company, they are the persons who invest money in the form of the equity share capital at the time of registration. They are the persons who give birth to the company, and this clause cannot be altered during the tenure of the business of the company.
NOMINEE CLAUSE: This clause shall be present in the MOA in the case of One Person Company, it consists of the details of the nominee of the OPC, the nominee is a person who will become the member of the company in case of death or insolvency of the member of the OPC. The member can change its nominee anytime whenever it is required.