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Every company's Memorandum of Association (MOA) carries an objects clause, and the main objects sit at its heart. This clause spells out the core business activities your company is formed to undertake - whether that is financial services, manufacturing, trading, or consultancy. The Registrar of Companies examines these objects when you apply for company registration, and banks, investors, and business partners often read them to understand exactly what your company is set up to do.
Getting the main objects right matters. Your company is expected to operate within the activities listed in its MOA, and taking up a completely new line of business later means formally altering the memorandum. The sample clauses below show how main objects are typically worded for this business type. Use them as a drafting starting point, and have a Company Secretary or legal professional review the final version before filing.
1. To manufacture, produce, process, make, convert, import, export, trade, buy, sell whether as retailers or wholesalers, suppliers, indenters, packers, repackers, movers, preservers, stockists, agents, subagents, merchants, distributors, consignors, jobbers, brokers, or otherwise deal in all kinds of Acrylic fibre, Acrylic tow, Acrylic top and all types of products made of Acrylic.
2. To manufacture, process, produce, dye, gin, press, spin, weave, crimp, texturise, card, bleach, comb, double, finish, blend, sort, garnet, stretch, dry, draw, cut, improve, buy, sell, resale, import, export, transport, store, fabricate, develop, market, or otherwise to deal in all types of natural & synthetic yarns and fibres made of materials like cotton, flax, hemp, jute, linen, wool, nylon, viscose, ramie, polyster, silk, artsilk, terene, jute, staple, fibres, cashmilon, filaments, terecotton, monofilaments, multifilaments, acrylics, polynosic, polypropylene, polyamide, polymethane, cellulose, dropping, spun or other fibrous substances or any combination thereof and fabrics made of such yarns or articles in which fabrics of any kind is used.
Sample main objects clause for drafting your company's Memorandum of Association (MOA). Have it reviewed by your professional before filing.
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