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Home / Company Objectives / Developing Platforms to Connect Farmers
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 do the business of developing, creating and/or building a platform which connects the farmers with retails vendors of products, fertilizers, seeds, which are necessary and required by the farmers and with agriculture equipment manufacturers to procure the products related to agriculture.
2. To do the business of developing, creating and/or building a prediction platform or such other platform for agriculture produce based on farmers purchasing pattern / based on the season and to help farmers to make a better decision before they kickoff or carry out agricultural activities for any crop.
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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