Can a company's object clause be used to limit the liability of its shareholders?

Aug 13, 2019 ... The main object in company law is to list such ideas in legal language. It will cover details concerning the business activities which the ... 3.2 What are the key features of a Company Limited by Shares (LTD)?. The key features of an LTD are as follows: (a) An LTD does not have an objects clause, ... Mar 4, 2009 ... However, a company may choose to restrict its objects in its articles (section 31). If the articles do contain a restriction, that restriction ... company. This is in contrast to the new model private company limited by shares (LTD), the constitution of which will no longer contain an objects clause. According to the Companies Act, the Memorandum of Association of a company must contain the following clauses: (i) Name Clause of Memorandum of Association. The ... The Main Object Clause of the Memorandum of Association defines the purpose of the Company. Hence drafting of this clause is very crucial and should be done ... A detailed analysis of the law concerning strikes, and application of the law ... The object, or objects, of a strike and whether the objects are lawful are ... A clause which forms part of a company's memorandum of association. It sets out the purposes the company was formed for. a part of a company's memorandum of association (= a legal document describing a new company) that states the aims of the company and the powers of the company ... Jul 7, 2022 ... The law entails that particular companies have certain specifications in their objects clause. The objects of a single member companies, for ...