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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 engineering, civil engineers, architects, surveyors, designers, town planners, valuers, interior and exterior decorators, general and govt. civil contractors of immovable properties including building, railways, highways, roads, earth ways, bridges, canals, tunnels, waterways, dams, sea-ports in general and under BOT system and all types of structural and pilling engineering work, interior designing and graphics.
2. To engage in the business of manufacture, buy, sell or act as agents of engineering, contracting and construction, including the design, manufacturing, construction, erection, alteration, repair and installation of plants, buildings, ways, works, systems and mechanical, electrical and electronic machinery, equipment apparatus and devices and to manufacture, sell, buy, deal, in and process any materials and apparatus required for engineering, contracting and construction.
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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