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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, designers, importers, exporters, traders, buyers, sellers, indenters, agents, subagents, repairers, cleaners or otherwise deal in and operate all types of aeroplanes, seaplanes, flying boats, hovercraft, helicopters, and other craft or conveyances appropriate for the carriage of passengers, freight and mails by air and all or any parts, equipments, engines, machinery and plant relating thereto and to carry out and conduct any tests, experiments, research or development necessary or expedient for such purpose.
2. To carry on the business of chartering aircraft, helicopters and allied air vehicles in scheduled and unscheduled manner to institutions, concerns, body corporates, associations (incorporated or unincorporated), Governments, public and local bodies and authorities, societies and trusts and persons in India and outside and to undertake and operate air service and air taxi operations subject to the permission and control of appropriate Government and their agencies as may be required.
3. To purchase, take on lease, hire, take licences of, or otherwise acquire or sell, let out, or otherwise give any exclusive or other right or interest in aerodromes, landing grounds, airports, helipads, land and sea planes bases, hangers, machine shops, engineering shops, sheds for servicing, maintaining, and landing all kinds of aircraft in any part of the world and to obtain and hold from any state, sovereign, government, or semi-governmental authority, any licences, authorities or rights necessary or convenient for such purpose.
4. 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.
5. To carry on the business of travel agents, tour operators, general carriers, forwarding agents, packers and movers, air transporters, aerial surveyors.
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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