How does the object clause affect a company's ability to diversify its business?

SHORT SUMMARY: This Article contains the procedure for change in Object clause of the. Company Under Companies Act, 2013 with detailed documentation. Apr 5, 2023 ... Object Clause: The Object Clause defines the objectives and powers of the company. ... legal power) of the company. Rayala Corporation Pvt ... Jul 5, 2022 ... ... company's constitution to see if the proposed transaction was within the company's objects. ... clauses, covering any future activity in ... ... company is accustomed to act: Provided that nothing in sub-clause (c) shall apply to a person who is acting merely in a professional capacity. 2(82) ... 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. ... 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 ... Mar 22, 2022 ... Format of Constitution. The Act sets out the format for each company type:- · Objects Clause · Mandatory & Optional Provisions · What provisions ... Also, the acquiring company should have the permission in its object clause to carry on the business of the acquired company. In the absence of these ... 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. 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 ...