Can a company's object clause be used to justify or challenge the remuneration of directors?

Apr 24, 2025 ... ... objects the actions of zedu? explain, discuss the object clause as outlined in the companies act and explain how the object protects the ... Feb 27, 2010 ... The object clause of the Memorandum of the company contains the object for which the company is formed. An act of the company must not be beyond ... ... company. The relevant provision of the objects clause in the plaintiff company's Memorandum of Association were as follows: (a) T o carry on the trade or ... Dec 14, 2021 ... ... legal document formulated as part of the incorporation process of companies. An objects clause is a provision in a company's Memorandum of ... Aug 3, 2022 ... What is the Object Clause · The company's main objectives are to be pursued by the company upon its incorporation; · Auxiliary or ancillary ... 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:. Jan 1, 2011 ... Professor Gower recommended that a company should have as regards third parties the same powers as an individual, but that an objects clause ... Apr 5, 2023 ... Object Clause: The Object Clause defines the objectives and powers of the company. ... legal power) of the company. Rayala Corporation Pvt ... Dec 30, 2022 ... Leacock explains how lawyers in common law jurisdictions added flexibility to company charters by expanding the objects or purpose clause: First ...