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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 construct, operate, provide, procure, dispose, distribute install, repair, maintain facilitate roads, pipelines, dams, bridges, flyovers, pathways, under bridges, sub-ways, electric installations, towers, single, buy mooring, mooring systems, jetties, and operating plate forms, communication services facilities including letting out, hire out rent out of various machinery, equipment or other capital goods, heavy earthmoving equipments, dozers vibe rollers, cranes, D.G. sets, raw material, construction material accessories technology knowhow for any of the aforesaid object.
2. To purchase, develop construct renovate repair, maintain, acquire or dispose off whether for or for resale any building whether commercial or residential , factory, shed, building, mills, houses, cottages, shops, ware houses, godowns farmhouse, parks mineral rights, concessions, privileges, licenses, easement or internet in or with respect to any immovable property whatsoever in consideration for gross sum or rent or partly in one way and partly property in other or for any other consideration.
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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