Consider the challenges of drafting object clauses that are both sufficiently broad and sufficiently specific.

The courts have taken the position that the objects clause is for the protection of creditors (as well as shareholders) so that on liquidation, a liquidator may ... concentrates on the lack of statutory obligation in the Companies Act 1994 for companies to have an objects clause. Underscoring the views expressed, the. Oct 11, 2017 ... This clause sets out the purpose of the company and listed the activities that the company was able to undertake. ... object clause the aims of common benefit that it intends to pursue. This means that the company will not only pursue the purpose of profit, but also the ... 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 ... Section 31: Statement of company's objects ... 98.This section provides for a new approach to the question of a company's objects. Under the 1985 Act all ... Under pre-2014 company law, companies were limited to acting within the purposes outlined in their objects clause. The Companies Act 2014 abolished this ... Apr 30, 2017 ... In the context of company law, “ultra vires ... companies under CA 2016 which have included objects clauses in their constitutions. Feb 18, 2019 ... Alteration of object clause of MOA under Companies Act 2013 ... The object clause of the Company is the third clause of memorandum of association ... Oct 30, 2023 ... The following Corporate precedent provides comprehensive and up to date legal information on Resolution—removal of objects clause and ...