Change in Obective Service

4.9 (59 Ratings)

Without listing in the principal objectivities of clause MOA no company can carry any business of its choice. So considering the expansion and growth, if a company proposes to carry on new business, that has to be added in the object clause after getting approval from shareholders. The same shall be approved by the ministry of company affairs once it is filed.


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Frequently Asked Questions

List of typical questions that you might ask regarding this particular service are

The objects of the company means the activities that are required to be carried out as their business operations. It is divided as main objects, incidental object and other objects. A company is now allowed to undertake any objects that are not described in the objects clause of the MOA.

Shareholders have the right to amend the objects of a company by a ¾ majority vote in the meeting.

Company is not required to take any approval for the amendment of objects however, the decision of shareholders is final and the changes will be effective from the date of resolution.

No, the company name need not be indicative of the object.