What is the process for altering a company's object clause?

Dec 28, 2024 ... ... clause, object clause, liability clause, capital clause, and association clause. It defines the legal scope of the company's activities ... 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 ... The Main Object Clause of the Memorandum of Association defines the purpose of the Company. Hence drafting of this clause is very crucial and should be done ... (2) If a company has a constitution, it may set out the company's objects. An act of the company is not invalid merely because it is contrary to or beyond any ... 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 ... Stating the company's purpose in its Memorandum of Association is not merely a legal formality; it holds significant practical importance for several reasons:. SHORT SUMMARY: This Article contains the procedure for change in Object clause of the. Company Under Companies Act, 2013 with detailed documentation. Mar 4, 2009 ... However, a company may choose to restrict its objects in its articles (section 31). If the articles do contain a restriction, that restriction ... ... company legislation, and the general law, the directors of the Company: ... Some companies will already have an objects or purpose clause in their constitution. 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 ...