Change in Object Clause of a Company

Need to venture new areas, start with change of Object Clause!Easy to alter your MOA to do what you wish to do

₹ 4999 + Actual govt fees
Yes Change my Object Clause

Plus get full support to make your Business Successful
Tools to create effective digital presence
Automated Tools to help you Retain Customers
Learn how to comply & avoid penalties

Our Formation Packages

For One Person Company For Private Limited For Limited company
₹4,999+GST
+ Additional Govt Fees
₹5,499+GST
+ Additional Govt Fees
₹5,999+GST
+ Additional Govt Fees
Object clause change of Company
Preparation of documents and filling of returns
Entrepreneur Success Training
Get training through experts, those who take this training - 90% chances of being successful in business
Preparation of Documentation
We will prepare all the documents and draft the resolutions
Preparation of Forms
We will prepare MGT 14
Submission of Final Forms
Submit it in Ministry website
Issuance of Certificate for change in object clause
Obtain certificate for change in object from MCA
Register Now

What are the key steps for change of Object clause

"
Finalize the revised content of the object clause
Approval of the Board of Directors
Approval of Share holders in general meeting
Explanatory statement available for inspection of the shareholder
submission of Form No. MGT 14 within 30 days of passing the special resolution for registration of change in object clause "

How long it takes to make a change in the object clause

Meeting of Board of directors to be called by giving at least 7 days notice, post that 21 days notice is required to be given to share holders for EGM. Short notice can be given with consent of 95% voting rights shareholders. Within 30 days of the special resolution application has to be filed with ROC. Register will issue a certificate incorporating the change usually in 2 to 4 days

How many categories of object clause is in MOA

"There are three sub categories under the object clause -
Main Objective: It states the main business of the company.
Incidental Objective: These are the objects ancillary to the attainment of main objects of the company.
Other objectives: Any other objects which the company may pursue and are not covered in above two points. "

1

1

Register Now

Documents Required For Change in Object Clause of a Company

Proprietor

  • PAN (Permanent Account Number) of all proposed directors (Self attested)
  • Identity Proof (Voter Id, Passport, Driving License) of all proposed Directors. (Self attested)
  • Latest passport size Photographs of all directors.
  • Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement not older than 1 Month (Self attested)

One Person Company

  • PAN (Permanent Account Number) of all proposed Share Holders (self attested)
  • Identity Proof (Voter Id, Passport, Driving License) of all proposed ShareHolders (Self attested)
  • Latest passport size Photographs of all Share Holders.
  • Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement not older than 1 month (Self attested)

Private Limited

  • Electricity Bill along with Rent Agreement OR Ownership proof and NOC

Public Limited

  • INC 14
  • INC 15
  • Projected Income and Expenditure Account
  • Grounds for making application

Partnership Firm

LLP

NGO

Register your Business Now


Get Started

KEY HIGHLIGHTS

Purpose

When the company aspires to carry on business in larger scale to achieve higher goals, merge multiple business to get scale of operation, to take up additional areas or if it plans to sale a section of business. Object clause may require modification to achieve these goals

Business benefits

Clear object clause gives clarity to all stakeholders know actual operation of the company. Hence it is essential to explain in clear terms the what are the object they are going to participate. It must not be too vague and too general and too wide for in that case it will defeat its very purpose and object.

Limitations .

A company registered under Section 8 of the Act shall not alter the provisions of its memorandum of association or articles of association (for any clauses) of the company, except with the previous approval of the Central Government (the powers have been delegated to the Registrar of Companies). An application for such alteration for Section 8 company may be filed by e-Form GNL – 1.

Timeline of application.

The Company shall within 30 days of passing the special resolution file Form number MGT 14 with the Registrar of Companies for any alteration of the memorandum with respect to the objects clause. The Registrar of Companies issues a certificate for registering the alteration of the object clause of the company.

Register Now

Why FoundersCart exists?

Now, more than ever, the world needs entrepreneurs. They are the ones who take risks to achieve their dreams. They have the power and courage to change lives.


But here is the biggest challenge entrepreneurs face!

It's tough to know where to start, what resources are available, and how to take the business idea from concept to reality.

The journey is full of challenges , there is a lot of competition, and the odds are stacked against survival.

Keeping entrepreneurial moral is difficult, statistics say over 80% entrepreneurs quit within the first two years.


FoundersCart was created by a team of Chartered Accountants with an Idea to help entrepreneurs overcome these challenges.
We observed over 10,000 businesses and break down the path to success into key actionable steps. We curated selection of the best tools and resources that have helped many businesses grow faster. From CRM, web design templates and branding tools, to e-commerce platforms and marketing resources, we've got everything you need to make your business successful. Plus, our community of entrepreneurs is here to support you every step of the way.

So if you have an entrepreneurial spirit, now is the time to put it to good use. The world needs your ideas, your energy, and your passion. Together, we can make a difference.

Frequently asked questions

Can I include Finance as a clause in the Object

Yes. However in such case you need to register as NBFC. Hence NBFC compliance will be applicable in your company. In case you are including payment gateway, that is not considered as a Finance clause.

Can main object hold wide variety of activities

No. Example in your main object if you show construction and software development, there is likelihood that objection from ROC will come at the time of incorporation and can also be in subsequent change.

Ready to be creative and expand? Alter your object clause to fit in all that you want

Register Now