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How do you change an object of a company?
Step 1: Pass board resolution. Pass a resolution at the board meeting to approve the object clause. Step 2: Special resolution in EGG. Step 3: MGT-14 to be filed with ROC. Step 4: Issuance of fresh certificate of incorporation. Step 5: Incorporating object clause in MOA and AOA.
How do I change the object clause of a company?
Hold the Board Meeting. Send the notice of 7 days to hold the Board Meeting to discuss the following agenda: Conduct EGG. Take the approval of shareholders by a special resolution passed in duly conducted EGG. ROC Filling. Approval by ROC.
How do I change the object clause of section 8?
Yes, the objects of Section 8 Company can be altered by taking shareholders' approval and approval of Registrar of Companies in terms of Section 8.
Can a company be incorporated with different objects?
The object clause of MOA defines the activities to be carried on by the company and outlines the scope of business. A company cannot indulge in activities other than those provided in object clause.
What is an object clause?
An objects' clause is a provision in a company's constitution stating the purpose and range of activities for which the company is carried on. In UK company law, until reforms enacted in the Companies Act 1989 and the Companies Act 2006, an objects' clause circumscribed the capacity, or power, of a company to act.
What are the clauses of MOA?
A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause. An MOA is a type of legal paper that is prepared when forming and registering a limited liability company (LLC).
What is object clause of memorandum of association?
The object clause of the Company is the third clause of memorandum of association of any Company stating the objects i.e. the business/purpose for which the Company is incorporated and any other matter considered necessary in furtherance thereof.
What is a Memorandum of Association and its contents?
A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause. An MOA is a type of legal paper that is prepared when forming and registering a limited liability company (LLC).
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