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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 as manufactures, processors, assemblers, dealers, importers, exporters, designers, developers, producers, distributors, sellers, in all kinds of Porcelain, ceramic tiles wall panels, floor ties, and other porcelain and allied products, acid resistant and fire resistant refractories, bricks and tiles and their by-products and their main and derivative industries including extraction and processing of raw materials required there for and the manufacture of machines and complete range of equipment for the ceramic and allied industries, glazes.
2. To manufacture porcelain, chinaware, glassware articles of industrial and domestic application, to act as contractors, engineers erectors, fabricators, consultants in supplying, installing and laying the Company’s products.
3. To explore, extract smelt, refine, put to use any mineral product through Electro-metallurgical, Electro-chemical and chemical-engineering processes and manufacture and deal in silicon carbide, siloco-manganese, calcium carbide.
4. To act as stockists, distributors, agents, and brokers for sellers, buyers, exporters, importers, manufacturers, merchants, tradesmen and others and generally to undertake and carryout agency work of any kind whatsoever relating to the above business.
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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