How does the object clause affect a company's eligibility for certain grants or incentives?

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 ... 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 ... THE OBJECTS CLAUSE AND THE DOCTRINE OF ULTRA VIRES. Prior to the amendments made to the Companies Act in 2004, the contractual capacity of a company was defined ... 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. Stating the company's purpose in its Memorandum of Association is not merely a legal formality; it holds significant practical importance for several reasons:. Under pre-2014 company law, companies were limited to acting within the purposes outlined in their objects clause. The Companies Act 2014 abolished this ... Jan 1, 2011 ... Professor Gower recommended that a company should have as regards third parties the same powers as an individual, but that an objects clause ... 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. 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 ... 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, ...