Should a company include a general objects clause in its Memorandum of Association?

The principal objects of the COMPANY shall be to manufacture, develop, market, distribute and sell the Products in Japan with the license granted under a ... Oct 11, 2017 ... This clause sets out the purpose of the company and listed the activities that the company was able to undertake. Prior to the Companies Act 1985 if the company entered into a contract outside of its object clause it would be void and unenforceable. The provisions of the ... 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 ... The objects clause in a company's Memorandum of Association (MoA) defines ... objects of a company under the Companies Act, 2013: 1. Board Meeting for ... However, amendments to company law in 2004 removed the requirement for an objects clause, giving companies full capacity to conduct any business unless their ... ... 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 ... 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, ... The objects clause may be amended by special resolution. Holders of not less than 15 per cent of the DAC's issued share capital or debentures entitling holders ... ... company legislation, and the general law, the directors of the Company: ... Some companies will already have an objects or purpose clause in their constitution.