How can a company ensure that its object clause remains relevant as its business evolves?

Apr 14, 2020 ... Steps for Alteration in object Clause of Memorandum of Association · Certified True Copies of the Special Resolutions along with explanatory ... concentrates on the lack of statutory obligation in the Companies Act 1994 for companies to have an objects clause. Underscoring the views expressed, the. ... company legislation, and the general law, the directors of the Company: ... Some companies will already have an objects or purpose clause in their constitution. The objects clause in a company's Memorandum of Association (MoA) defines ... objects of a company under the Companies Act, 2013: 1. Board Meeting for ... 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 ... Apr 21, 2025 ... Object Clause: This clause states the objective with which the company is formed. The company must carry out its business activities to ... A legal concept of purpose survives in current company law. ... corporate charters or the objects clauses that followed the general incorporation statutes. It states the purpose(s) for which a company is formed and the intended business activities of the company. Since 1997, the objects clause has been optional. An objects clause is a provision in a company's constitution stating the purpose and range of activities for which the company is carried on. Aug 29, 2019 ... Under S31 of the Companies Act 2006, a company may include an objects clause in their memorandum of association, this will set out the ...