What are the implications of a company carrying on a business that is radically different from its stated objects?

Jan 15, 2025 ... ... objects of this clause. Consider how financiers will react to this ... Companies Act 2006) in so far as they apply to the Company. 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. Feb 26, 2025 ... Object Clause: This clause specifies the main objects of the company and the activities that it is authorized to carry out. It is important ... 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 ... 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 ... Aug 16, 2010 ... 5.90 An objects clause is a provision—often located at the beginning of a piece of legislation—that outlines the underlying purposes of the ... 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 discussion within this article is limited to the ultra vires doctrine as it relates to the objects clause and not to the general breach of directors duties ... Aug 22, 2019 ... 1: Alteration of the object clause of the Memorandum of ... As per the. Companies Act, 2013, a Company can have only following objects clause in ... 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 ...