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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 manufacturing, developing, exporting, importing and selling innovative medical products and services to improve the lives of patients with debilitating diseases in India or any where else.
2. To carry on clinical research and development in multiple medical fields including but not limited to genetic disease, kidney disease, orthopaedics, cardiovascular disease, cancer, immune-mediated disease and transplantation in India or any where else.
3. To establish & maintain laboratories to carry on research in field as mentioned above.
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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