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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 manufacture, trade, develop, import, export, buy, sell, (on installments hire purchase, or other basis) distribute, services, repair, convert after, let on hire and otherwise deal in electronics, electrical, electromechanical technical components equipment’s, heater & other types of ups, cvt stabilizers fans coolers of air-cooling refrigerator, heater & other type of domestic & industrial heater assemblies & instrumentation for air condition. Medical equipment’s office equipment, computer and other industrial domestic, appliances, and similar article/products devices & their accessories, stores, raw material spares, parts, components, assemblies and all kinds of control devices, instruments, appliances, apparatus, and measuring instruments used there in.
2.To render consultancy services, know-how and technical collaboration in the field of human resource, development, market surveys, teanderlity reports, designing project planning execution supervision/monitory liason for light, heavy other electronic items and other appliances thereof.
3. To carry on business of dealers, exporters, importers, traders, suppliers, distributors, merchants stockiest, hirers, leasors, buyers, sellers, consultants, and agents, jobbers
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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