How does the object clause affect the distribution of assets upon the winding up of a company?

Apr 14, 2020 ... Steps for Alteration in object Clause of Memorandum of Association · Certified True Copies of the Special Resolutions along with explanatory ... Oct 11, 2017 ... This clause sets out the purpose of the company and listed the activities that the company was able to undertake. ... 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 ... 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 ... A detailed analysis of the law concerning strikes, and application of the law ... The object, or objects, of a strike and whether the objects are lawful are ... However, amendments to company law in 2004 removed the requirement for an objects clause, giving companies full capacity to conduct any business unless their ... 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 ... 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. 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 ... 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 ...