Can a company's object clause be used to determine the priority of claims in a liquidation?

Oct 1, 2020 ... Change in Object clause of the Company involves Alteration of Memorandum of Association of the Company. Section 13 of Companies Act 2013 ... 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 ... 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. Feb 13, 2020 ... The object clause in a MOA should contain: ... Our team comprises of lawyers and legal consultants who are all experienced in corporate law ... In company law it means something beyond the object clause of its memorandum of association. A company is an artificial or legal person and, unlike a natural. Stating the company's purpose in its Memorandum of Association is not merely a legal formality; it holds significant practical importance for several reasons:. The principal objects of the COMPANY shall be to manufacture, develop, market, distribute and sell the Products in Japan with the license granted under a ... 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 ... Oct 10, 2024 ... ... with relevant laws and regulations, as well as to tailor the clauses to your company's strategic vision. A clause contained in the articles of association of a company setting out the objects for which the company has been formed. The Companies Act 2006 removes ...