Discuss the legal and practical considerations involved in drafting object clauses for companies in emerging industries.

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 ... It would be open to the company to alter the objects clause of its ... Gandhi referred to Polymer's Company Law, 20th edition, page 81, wherein it is ... Jun 27, 2022 ... The paper also inspects how the Companies Act 2006 abolished the ultra vires doctrine by eradicating the objects clause from the memorandum of. Aug 15, 2017 ... The provision states that unless the articles of company specifically restrict the objects of a company, its objects are unrestricted. A similar ... 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 ... A company may by special resolution alter the provisions of its constitution with respect to the objects of the company, if any. 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, ... However the objects clause of a company is now less significant given the abolition of the doctrine of ultra vires in relation to corporate capacity in 1997 and ... Stating the company's purpose in its Memorandum of Association is not merely a legal formality; it holds significant practical importance for several reasons:. Jul 8, 2022 ... ... company incorporated in terms of the Companies Act (Chapter 386 of the Laws of Malta) in the Malta Business Weekly, with a focus on the ...