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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 of beauticians, manicurists, pedicurists, hairdressers, hair dyers, and generally to act as a consultant or advisor for beauty and health care and to establish, maintain and run health care centers, beauty parlors, massage parlors, spa centers, barber shops, gymnasiums, physiotherapy center, swimming pools and to conduct training programmes for better body care or make-up.
2. To carry on business as manufacturers, producers, makers, inventors, importers, exporters, traders, buyers, sellers, retailers, wholesalers, suppliers, stockists, agents, sub-agents, merchants, distributors, consignors, jobbers, brokers, concessionaires or otherwise deal in lipsticks, nail polish, nail polish removers, cream, lotion, ointment, perfumes, foundations, moisturisers, facials, bleaching powders, hair removers, wax, powders, soaps, eyeliners, wigs, artificial hairs, artificial/ imitation jewellery or every kind and description of fashion wears and apparels, beauty aids and cosmetics.
3. To carry on business as manufacturers, producers, processors, makers, inventors, convertors, importers, exporters, traders, buyers, sellers, retailers, wholesalers, suppliers, indenters, packers, movers, preservers, stockists, agents, sub-agents, merchants, distributors or otherwise deal in all types of equipments, plants & machinery as may be required for carrying out the aforesaid objects.
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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