How does the object clause relate to industry-specific regulations?

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 ... Oct 30, 2023 ... The following Corporate precedent provides comprehensive and up to date legal information on Resolution—removal of objects clause and ... Mar 5, 2024 ... This is a clause that sets out a company's purpose and the scope of its activities. Essentially, it restricts what a company can do. In company law it means something beyond the object clause of its memorandum of association. A company is an artificial or legal person and, unlike a natural. However the objects clause of a company is now less significant given the abolition of the doctrine of ultra vires in relation to corporate capacity in 1997 and ... 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 ... The object clause of the memorandum of association shows that Company was incorporated mainly to carry on the business of hotel. 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 ... Dec 28, 2024 ... ... clause, object clause, liability clause, capital clause, and association clause. It defines the legal scope of the company's activities ... Oct 14, 2023 ... It is a legal document outlining the company's connection with its members which is created at the moment of incorporation. It mentions the ...