The Reliance Plot Twist You Didn't Know! 🤯

#RelianceIndustries #jio #MOA #companiesact #navinclasses Ever looked at Reliance Industries’ Memorandum of Association (MOA)? Prepare to have your mind blown. 🤯 If you look at the subscription clause of Reliance’s original MOA, legendary founder Dhirubhai Ambani’s name is nowhere to be found! Is it a scam? A glitch? Neither! It's actually a brilliant corporate law plot twist. Reliance Industries originally started out as Mynylon Limited in Karnataka. When Dhirubhai Ambani amalgamated the company with Reliance Textiles Limited (later renamed Reliance Industries Limited), the corporate structure changed—but there is one catch. Under the Companies Act, the Subscription Clause of an MOA is a permanent clause and can never be altered. That’s why, even today, the MOA of India's biggest conglomerate still carries the names of Mynylon Limited's original subscribers! Loved this corporate law fact? Drop a ❤️ and Follow @NavinClasses for more interesting corporate insights and exam tips!