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Change In Company Object Clause

The objects clause mentioned in the company's MOA determines the purpose and scope of activities for which the company operates.

During the company registration process, the shareholders decide the objects for which the company is formed.

If there are changes to be made to the objects during the course of operations, shareholder approval and MCA approval would be required.

Change in Company Object Clause requires

Issue a notice for convening a meeting of the Board of Directors.
Obtain Approval of Directors for the alteration in object clause in Board Meeting.
Conduct Extra-ordinary General Meeting (EGM) & obtain approval from members by passing of Special Resolution approving changes to the objects clause.
Filing of MGT-14 & other necessary attachments with ROC within 30 days of the passing of Special Resolution along with the approved fees.