How does the object clause affect a company's eligibility for membership in certain organizations or associations?

Oct 4, 2022 ... By virtue of today's company legislation, these objects clauses are now treated as part of the articles. This means that the articles may ... However, amendments to company law in 2004 removed the requirement for an objects clause, giving companies full capacity to conduct any business unless their ... a part of a company's memorandum of association (= a legal document describing a new company) that states the aims of the company and the powers of the company ... ... 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) ... The 1856 Act specified that a company should include an objects clause within its memorandum, a clause which would define the contractual capacity of the ... 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 ... ... object clause the aims of common benefit that it intends to pursue. This means that the company will not only pursue the purpose of profit, but also the ... Alteration of objects clause by special resolution. 1241. (1) Subject to subsection (2), an unlimited company may, by special resolution, ... A legal concept of purpose survives in current company law. ... corporate charters or the objects clauses that followed the general incorporation statutes. According to the Companies Act, the Memorandum of Association of a company must contain the following clauses: (i) Name Clause of Memorandum of Association. The ...