Change in Main Object of the Company

It defines the main objects that the company is going to pursue after incorporation. The objects mentioned in the MOA of a company are of great importance, and this clause determines the very purpose of the company.

The object clause also enlists the objects that are necessary/incidental for the furtherance of the main objects i.e., the objects which help in the conduct of the Main Objects of the Company or are necessary for the conduct of the main objects.

However, with the change of time, one may need to diversify, enter into new business sector or may even need to change its business entirety. In such case, the Object clause may need to be reviewed and if new business is not covered within the objects mentioned in MOA, company will have to amend its objects. Changing of object clause is a lengthy process and requires drafting of various documents. My Legal clinic can help you in completing the process and form the requisite forms with in most efficient way which is also hassle for you.

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