What is the significance of the object clause for regulatory compliance?

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 ... Oct 11, 2017 ... This clause sets out the purpose of the company and listed the activities that the company was able to undertake. The 1856 Act specified that a company should include an objects clause within its memorandum, a clause which would define the contractual capacity of the ... Jul 5, 2022 ... ... company's constitution to see if the proposed transaction was within the company's objects. ... clauses, covering any future activity in ... 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 ... Feb 18, 2019 ... Alteration of object clause of MOA under Companies Act 2013 ... The object clause of the Company is the third clause of memorandum of association ... 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 ... 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 ... However, both DACs and CLGs are required to include the company's objects (purposes) in their memorandum of association, and for both, their activities are ... It would be open to the company to alter the objects clause of its ... Gandhi referred to Polymer's Company Law, 20th edition, page 81, wherein it is ...