Company Object Change
CHANGE OF OBJECT CLAUSE OF THE COMPANY
The object clause of the company is defined in the Memorandum of Association of the company which determines the scope and range of business activity of company for which the company operates. A company can alter its objects during the financial year as per section 13 of the Companies Act, 2013 and other applicable provisions as specified in law.
• If MOA is still as per old companies Companies Act, 1956 then new set of MOA have to adopt as per the new Companies Act, 2013.
• The format under the Companies Act’2013 includes only two sub clauses:
- The objects to be pursued by the company on its incorporation i.e main objects.
- Matters which are necessary for furtherance of the main objects
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