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

₹ 4,999 + Actual govt fees
Yes Change my Object Clause

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KEY HIGHLIGHTS

Purpose

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

Purpose

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.

Purpose

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.

Yes Change my Object Clause

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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. "

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Yes Change my Object Clause

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Our Packages

Highest Service Level
For One Person Company For Private Limited For Limited company
Documentation and form prep inclusive of name approval fee. Excluding Govt fees
₹4,999+GST
Documentation and form prep inclusive of name approval fee. Excluding Govt fees
₹5,499+GST
Documentation and form prep inclusive of name approval fee. Excluding Govt fees
₹5,999+GST
Object clause change of Company Is Included Object clause change of Company Is Included Object clause change of Company Is Included
Entrepreneur Success Training Is Included Entrepreneur Success Training Is Included Entrepreneur Success Training Is Included
Preparation of Documentation Is Included Preparation of Documentation Is Included Preparation of Documentation Is Included
Preparation of Forms Is Included Preparation of Forms Is Included Preparation of Forms Is Included
Submission of Final Forms Is Included Submission of Final Forms Is Included Submission of Final Forms Is Included
Issuance of Certificate for change in object clause Is Included Issuance of Certificate for change in object clause Is Included Issuance of Certificate for change in object clause Is Included

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Please Choose From Below Packages
For One Person Company For Private Limited For Limited company
₹4,999+GST
₹5,499+GST
₹5,999+GST
Object clause change of Company Is Included Object clause change of Company Is Included Object clause change of Company Is Included
Entrepreneur Success Training Is Included Entrepreneur Success Training Is Included Entrepreneur Success Training Is Included
Preparation of Documentation Is Included Preparation of Documentation Is Included Preparation of Documentation Is Included
Preparation of Forms Is Included Preparation of Forms Is Included Preparation of Forms Is Included
Submission of Final Forms Is Included Submission of Final Forms Is Included Submission of Final Forms Is Included
Issuance of Certificate for change in object clause Is Included Issuance of Certificate for change in object clause Is Included Issuance of Certificate for change in object clause Is Included

GST @18% : 900

Total : ₹5899

all govt fee excluded

GST @18% : 990

Total : ₹6489

all govt fee excluded

GST @18% : 1080

Total : ₹7079

all govt fee excluded

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Frequently asked questions

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.

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

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