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  • Change in Object Clause

Registration Fee

₹9999/-
  • Pass board resolution
  • Special resolution in EGM
  • MGT-14 to be filed with RoC
  • Issuance of fresh certificate of incorporation
  • Incorporating object clause in MoA and AoA

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    Change in Object Clause

    The Object Clause in the Memorandum of Association of a company outlines:

    • The Primary Business Activity (Main Object): This specifies the core business
      operations the company intends to engage in.
    • Activities Essential for Conducting the Primary Business (Ancillary Objects):
      These include secondary activities that are necessary or incidental to the
      pursuit of the company’s main business objectives.

    Procedures

    A company may want to change its main object or the ancillary objects. To get this done a company has to follow these steps:

    Pass board resolution

    Special resolution in EGM

    MGT-14 to be filed with RoC

    Once the special resolution is passed at the EGM, the authorised director or the
    company secretary will file Form MGT-14 with the RoC. Along with MGT-14, other
    documents to be filed are–

    • Certified copy of the special resolution

    • Notice of Extra Ordinary General Meeting (EGM)

    • Explanatory statement to the notice

    • Altered Memorandum of Association

    Issuance of fresh certificate of incorporation :

    • After receiving MGT-14, the RoC will examine the form, and if they are satisfied, they
      will register the change in object clause by issuing a fresh certificate of
      incorporation. Object clause change is not completed until the RoC issues a fresh
      certificate of incorporation.

    Incorporating object clause in MoA and AoA :

    • Once the certificate of incorporation is received from the RoC, the object clause must
      be incorporated in all the copies of Memorandum of Association.

    Frequently Asked Questions

    • What is the “Object Clause” in the Memorandum of Association (MoA)?

      The Object Clause in the MoA defines the primary objectives and activities for which the company is formed. It outlines the scope of the company’s business operations.

    • Can the Object Clause be changed multiple times?

      Yes, the Object Clause can be changed as many times as required, provided that the appropriate procedures are followed each time.

    • How is the change in the Object Clause reflected in the company’s records?

      After the approval and filing with the Registrar of Companies (RoC), the Memorandum of Association (MoA) is updated to reflect the new Object Clause.

    • What are the effects of object clause?

      A company has no power to act on anything which is beyond the purview of the objects clause. Any act done in breach of the object clause will be ultra vires the Memorandum and will be void

    • Is the process completely online?

      Yes, the process is 100% online. We will provide you with a dashboard in which you can comfortably do everything.

    • What is the memorandum of association?

      A memorandum of association (MoA) is a legal document that defines a company’s relationship with shareholders and specifies the objectives for which the company has been formed. It is like the company’s charter and is prepared when the company is created.