Format of mou and aoa

Vijay (Querist) 04 January 2012 This query is : Resolved
Dear Sir/Madam

I request you to know the Format of MOU and AOA in regards to start Security Guard Agency either in Chandigarh (UT)or in Mohali (Punjab).It would be a Pvt. Ltd. co.

Thanks n Regards
Vijay

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ajay sethi (Expert) 04 January 2012
for getting MOU drafted consult a local lawyer in chandigarh . you can afford legal fees

Vijay (Querist) 04 January 2012
Thanx Dear

M/s. Y-not legal services (Expert) 04 January 2012
is your agency partnership firm?

tom..

Vijay (Querist) 04 January 2012
No Sir, I have yet to registered as a PVT. LTD CO.

Deepak Nair (Expert) 04 January 2012
Better to get it drafted through a professional. Since it is a company, you can afford the fees.

Shailesh Kr. Shah (Expert) 04 January 2012
Take Professional services of CA/CS.

Devajyoti Barman (Expert) 04 January 2012
Yes engage a professional as advised abovez.

prabhakar singh (Expert) 05 January 2012
The MoA and AoA are quite important for the future development of your company. They will state what your company does. Hence, if the panorama of the MoA and AoA is not wide enough, you will find yourself into trouble when you plan to expand the services or products offered by your company, as in theory, your company should not be doing that stuff. Thus, when drafting the MoA and AoA ask the solicitor to try to include as many services and products as you can think of, which of course, are in a way related to the main service you are starting with.

For instance, if you are planning to set up a company to sell pencils, don't write just pencils in your MoA and AoA. It would be better if you write manufacturing and selling of stationery items, paper making and recycling, printing, publishing, etc, i.e. all kind of related activities which one day may fall in your sphere. The idea is that, when more business opportunities come your way, you do not be constrained by something as small as this. I guess you would just have to re-draft the MoA and AoA, but why to take the trouble if you can avoid it?

The MoA and AoA (short forms for Memorandum and Articles of Association respectively) are mostly drafted by solicitors.But there also you should go with a company secretary (CS)you might be looking to engage for your company after discussing your vision of business from long term growth perspective.