CHANGE OF OBJECTS OF THE COMPANY

The object clause of the Memorandum of Association (MOA) is an important clause as it sets out the objects of the company and indicates the extent of company’s power and the sphere of its activities.

Alteration of Object Clause (Section 13)

A company may, by passing special resolution in the general meeting, alter the objects of the Company. The company shall file a copy of the special resolution in Form MGT-14 with the ROC, within 30 days from the date of such resolution, together with a copy of Altered MOA.

Any business carried on by the company should be stated in the MOA and the business activities not mentioned in the object clause of memorandum shall be ultra vires and therefore, void.

LEGALDUX has experienced corporate professionals and it has been extending comprehensive and expert legal support and services for alteration of object clause for various corporates.