The Object Clause in the Memorandum of Association (MOA) defines the scope of business activities a company is allowed to undertake.

If a company plans to diversify or change its line of business, it must modify its object clause.

Reasons for Object Clause Change:

• Expansion into new business areas

• Addition of new products or services

• Change in core business activity

• Compliance with regulatory requirements

Legal Procedure Includes:

• Drafting revised object clause

• Board resolution

• Shareholder special resolution

• Filing amendment form with ROC

• Approval and confirmation

Our Services Include:

• Drafting new object clause

• Legal review for compliance

• Preparing board and shareholder resolutions

• Filing amendment with ROC

• Post-approval compliance guidance

Updating the object clause ensures that all business activities are legally authorized and compliant.