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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 produce, manufacture, treat, process, prepare, refine, import, export, purchase, sell and to deal in either as principals or as agents either solely or in partnership with others all types and kinds of cement and cement products such as pipes, poles, slabs, asbestos sheets, blocks, tiles, garden wares, plaster of paris, line pipes, building materials and otherwise and articles, things, compounds and preparations thereof.
2. To carry on the business as manufacturers and sellers of and dealers and workers in of all kind lime, plasters, whiting, clay, grewel, gypsum, artificial stone and all builders requisition made out of cement and cement products.
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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