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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 the business in India and abroad of using astrological & horoscope software through information technology e.g. internet, e-mail, website, e-commerce, e-shopping, and other commercial activities related to information technology/telecom and other sectors and to dissemination of information about socio-development, political, economic, bilateral and international issues.
2. To carry on the business as consultants and advisors whether in India or abroad on problems relating to astrological, horoscope software systems design and software developments.
3. To carry on the business of technical knowhow and training in all the fields of astrological, horoscope information technology and voice transcription and processing.
4. To buy, sell, design, import, export, maintain, test, act as agent and develop astrological, horoscope software including systems packages & application packages to register license & reserve all rights in such software packages,
5. To carry out systems & procedure analysis, prepare for writing, testing and documenting of programmes and to buy, sell to use or to develop any such software and packages whether under license or otherwise.
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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