What are the potential risks associated with an outdated or poorly defined object clause?

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 ... Dec 14, 2021 ... ... legal document formulated as part of the incorporation process of companies. An objects clause is a provision in a company's Memorandum of ... Aug 3, 2022 ... What is the Object Clause · The company's main objectives are to be pursued by the company upon its incorporation; · Auxiliary or ancillary ... 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 ... The Court in cotman v. Brougham34 held this device to be effective. (iii) The subjective objects clause – A further device to evade the ultra vires rule was the ... 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 ... 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 ... A legal concept of purpose survives in current company law. ... corporate charters or the objects clauses that followed the general incorporation statutes. The objects for which the Company is established are: (1) To carry on, in Singapore and elsewhere, as its primary business, ... Apr 24, 2025 ... ... objects the actions of zedu? explain, discuss the object clause as outlined in the companies act and explain how the object protects the ...