How does the object clause affect a company's ability to indemnify its directors or officers?

company), what its capital is and whether the liability of its members is unlimited or limited by shares or guarantee. An 'objects' clause is not required. Oct 30, 2023 ... The following Corporate precedent provides comprehensive and up to date legal information on Resolution—removal of objects clause and ... 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 ... Feb 27, 2010 ... The object clause of the Memorandum of the company contains the object for which the company is formed. An act of the company must not be beyond ... In company law, the doctrine of ultra vires relates to the ... company's agents would have actual authority to act in breach of the objects clause. 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 ... Jan 15, 2025 ... ... objects of this clause. Consider how financiers will react to this ... Companies Act 2006) in so far as they apply to the Company. Aug 3, 2022 ... What is the Object Clause · The company's main objectives are to be pursued by the company upon its incorporation; · Auxiliary or ancillary ... Jul 22, 2019 ... Consequently, under the 2004 Memorandum, the objects are limited to about 5 object clauses only. ... law that regulates corporate affairs in ... Under pre-2014 company law, companies were limited to acting within the purposes outlined in their objects clause. The Companies Act 2014 abolished this ...