What is the significance of the object clause in the context of digital transformation?

... company. The relevant provision of the objects clause in the plaintiff company's Memorandum of Association were as follows: (a) T o carry on the trade or ... Aug 15, 2017 ... The provision states that unless the articles of company specifically restrict the objects of a company, its objects are unrestricted. A similar ... 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. ... company legislation, and the general law, the directors of the Company: ... Some companies will already have an objects or purpose clause in their constitution. Mar 5, 2024 ... This is a clause that sets out a company's purpose and the scope of its activities. Essentially, it restricts what a company can do. 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 ... Keywords: Incorporation of company, Business Law, companies ... Regarding any alteration of object clause of the memorandum of company the registrar. 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 ... At common law a company is limited to acting within the objects set out in its memorandum of association. 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 ...