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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 buyers, sellers, traders, importers, exporters, merchant exporters, departments, stores, brokers, distributors, factors, stockiest, dealers, consultants, and agents, for any government, semi-government or autonomous body , organization of National or Friendly foreign origin of all type of medicines, medical & surgical equipment , chemical & chemical preparations, plastic and linoleum articles, glass, stones, and glass beds, ornaments, artificial & costume jewellaries, pearls, drugs, and medicine soaps, paints, instruments, & apparatus, machineries, and mill work and parts, thereof, paper, stationary, pulp, woodraps, rubber, wax quartz, crystals, dhupbatti & all other agriculture produce and products thereof , furniture and packing material, all kind of computer and computer consumables, computer software development, computer hardware, communication, apparatus, & systems, electronics, and electrical items, ferrous and non-ferrous metals, and its, scrapes, and hardware items, bathroom, fittings and all other items.
2. To act as export and import house in connection with business as referred to in sub-clause (1) above.
3. To carry on the business as buyers, sellers, traders, importers, exporters, merchant exporters, department stores, brokers, distributors, factors, stockiest, dealers, packers, repacker, baller, consultants and agents, on such sweet shop & restaurants coffee shops.
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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