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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 assembling, buying, selling, trading, reselling, exchanging, manufacturing, altering, modifying importing, exporting, hiring and to engineer, deve-lop, design, produce, fabricate and to act as agents, sub-agents, distributors, traders, representatives and otherwise deal in all types, telecommunication equipments and consumer items and articles related thereto.
2. To carry on the business of developing, designing, selling customized communication solutions, communication software’s, end to end solutions and licensed packages thereto.
3. To carry on the business of assembling, buying, selling, reselling, exchanging, manufacturing, altering, modifying, importing, exporting, hiring and to engineer, develop, design, produce, fabricate, and to act as agents, sub-agents, traders, marketing, distributor’s, representative in computerized scientific equipments, photocopiers. and other allied products and articles related thereto.
4. To carry on the business as dealers, manufacturers, exporters, importers, makers, assemblers marketing in all type of communication devices, fax machines, telex, telephonic equipments, and their parts and accessories to provide services in relation to above communication devices and to provide all types of services in respect of business communication.
5. To carry on the business of distribution of satellite television channels through cables.
6. To act as authorised distributors, re-distributors of satellite television pay channels.
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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