AMENDMENT OF COMPANY OBJECTS
A company can amend its objects in Memorandum of Association (MOA) subject to compliance with company law provisions.
Overview – Amendment of Company Objects
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.
What is Memorandum of Association (MOA)?
What are the objects of a company?
Who can amend the objects of a company?
Do the objects have to be reflected in the company name?
Is any approval required for amendment of objects clause?
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