Can a company's object clause be used to challenge the validity of a transaction?

company), what its capital is and whether the liability of its members is unlimited or limited by shares or guarantee. An 'objects' clause is not required. Mar 13, 2025 ... This article mentioned the role of MOA and flexibility in the companies in India under companies act and compared with U.S. - Ultra vires- where company didn't act in accordance with its objects/doesn't observe ... Objects clause (page 117): A company's constitution may contain an ... An objects clause is a paragraph in a company's Memorandum of Association that specifies the goal and scope of its activities. The object clause's ... At common law a company is limited to acting within the objects set out in its memorandum of association. An objects clause is a provision in a company's constitution stating the purpose and range of activities for which the company is carried on. Jul 22, 2015 ... Objects: if the articles of a company incorporated under the Companies Act 1985 are to be replaced, should the objects clause in the old ... It does not have an objects clause because it has full unlimited capacity to carry on any legal business, subject to any restrictions in other legislation. Aug 22, 2019 ... 1: Alteration of the object clause of the Memorandum of ... As per the. Companies Act, 2013, a Company can have only following objects clause in ... The 1856 Act specified that a company should include an objects clause within its memorandum, a clause which would define the contractual capacity of the ...