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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 carry on business as manufacturers, producers, fabricators, assemblers, developers, designers, importers, exporters, traders, buyers, sellers, suppliers, indenters, agents, subagents, reconditioners, hirers, charterers, repairers, cleaners of or otherwise deal in all types, varieties, specifications, descriptions and capacities of aircraft, airbus, helicopters, training planes, bombers, hovercraft, spaceships, spacecraft, rockets, space shuttles, and other craft of all type and description for carrying passengers, cargo and goods of whatever nature or for defence, security or other craft of all types and description capable of being flown in air or run on land whether carrying passengers or cargo and all other equipments of whatever nature or kind used in aircraft or hovercraft.
2. To manufacture, deal in, recondition and service aircraft and other apparatuses of every description capable of being flown or navigated in the air, whether powered or not and to deal in their components, parts, accessories, fittings, equipments, instruments, systems, devices, consumables and other allied products thereof.
3. To carry on the business as travel agents, freight and passenger ticket booking agents, aircraft plyers, flight couriers and to undertake any contract or assignment from government, semi government or other authorities to operate any air taxi route.
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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