The objects clause describes the permissible business activities that a company can undertake to achieve its goals. The Company can therefore only undertake activities that are mentioned in its object clause and any activity which is not mentioned in the objects clause shall be considered as void-ab-initio (Void from the very beginning). There are two types of objects mentioned in the Memorandum of Association of a Company Main Objects: The Main Objects describe the purpose for which the company has been incorporated. Ancillary/Incidental Objects: These include incidental activities necessary for the furtherance of main objects of the Company. Procedure for Alteration of object clause of the Memorandum of Association (MOA): Hold a Board Meeting to consider and approve the agenda of Alteration of the Object Clause of the Memorandum of Association of the Company and to fix the day, date and time to conduct an Extra-Ordinary General Meeting (EGM) f...
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