How does the object clause of the acquiring company impact the target company?

Oct 1, 2020 ... Change in Object clause of the Company involves Alteration of Memorandum of Association of the Company. Section 13 of Companies Act 2013 ... 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 ... Private Company Limited by Shares. One of the key features of the LTD is that it does not require an objects clause. It therefore has full and unlimited legal ... 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 ... A clause contained in the articles of association of a company setting out the objects for which the company has been formed. The Companies Act 2006 removes ... Jan 1, 2025 ... The Object Clause is one of the 6 clauses a Company's Memorandum of Association contains. Its purpose is to define the primary business ... The courts have taken the position that the objects clause is for the protection of creditors (as well as shareholders) so that on liquidation, a liquidator may ... - Ultra vires- where company didn't act in accordance with its objects/doesn't observe ... Objects clause (page 117): A company's constitution may contain an ... 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 ... It does not have an objects clause because it has full unlimited capacity to carry on any legal business, subject to any restrictions in other legislation.