Change in Object Clause

Change in Object Clause - Overview

The object clause of the Company (MOA). It is the base of every entity which is being registered Companies Act, 2013. Procedure for change in Object Clause of the Company shall first get it amended or changed to add the additional objects following the systematic secretarial procedure.
MOA of Company is the base of any company which is being registered. It is believed that MOA is the constitution of the Company and also it defines the scope of rights and responsibilities within which the business operates. Provisions of Law dominate in case there is any dispute between the Clauses in Memorandum and Companies Act.
Objects are the part of Memorandum that defines the objectives of the Company for which it is being formed. The Company cannot operate beyond its object clause. In any scenario, no company can act against the provisions of its Memorandum, and if it does so, such transaction will be ultra vires and hence void. In case the Company enters into a contract, any arrangement or agreement with any third party, such Memorandum is used as a public document.

Memorandum of Association must be made as per the format is given in Table A-F of schedule I of Companies Act 2013. Following Table are used for different kind of companies depending upon its status such as:

Tables
Table A
Table B
Table C
Table D
Table E

Contents included in the MOA of the company

Name Clause
Registered Address Clause
Object Clause
Liability Clause
Capital Clause