A company is only authorized to conduct business activities provided in objects clause of the company’s MOA. Any business outside the scope of the activities in the MOA is illegal and beyond the power of the company. However, company laws allows it to alter its activities by adding or deleting objects in the MOA.
At the time of incorporation, the usual practice is to indicate one or two businesses that the promoters propose to be engaged in. Subsequently, the company may look at other activates. This is possible by adding new activities in the objects of the company. Sometimes, it may require removal of some activities; this is possible by deleting or redrafting the objects clause of the MOA.
Board MeetingConvene a Board Meeting to call for a General Meeting.
General MeetingConduct the General Meeting and pass the resolution for amendment of the objects clause.
Minutes of the meeting and ResolutionsPrepare the minutes of the meeting and get the process/documents vetted by certified CS / CA / CWA professionals.
Filing MGT-14 with RegistrarFile the copy of resolution in Form MGT-14 certified professionals with the ROC within 30 days of passing the resolution.
Certificate for the alteration of objects.Certificate for the alteration of objects. The ROC shall register the resolution and will issue a certificate for the alteration of the company’s objects.
Company Name and Objects
New object must be in line with name if the objects
Obtain approval from sectoral regulators, if required
Approval from ROC
On filing of Resolutions and related documents, ROC shall approve and a certificate will be issued
Notice of Board Meeting
Board Meeting Attendance Sheet
Minute of Board Meeting
Notice of General Board Meeting
General Meeting Attendance Sheet
Copies of Resolutions for Filing
Form MGT-14 – Copies of Resolutions
Sectoral approvals, any
How it works
Place order online
Complete E-Lawyering Interview
Create Board Meeting documents and Resolutions
Sign the Board documents
File the documents to ROC for change in Objects
What is Memorandum of Association (MOA)? MOA is the charter document of a company. A company is created by registering the MOA.
The objects of the company are described in the MOA. It is classified as main objects, incidental object and other objects. A company cannot pursue any objects that are not described in the objects clause of the MOA.
Shareholders can amend the objects of a company by a ¾ majority vote.
Approval from the Government of India is not required for amendment of the objects of a company. The decision of shareholders is final and the changes will be effective from the date of resolution.
No, the company name need not be indicative of the objects of a company. However, if the name contains any particular activity-related words, it is advisable to have such activity included in the objects clause, failing which the company name becomes misleading.