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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 business as investment holding company and for that purpose to invest or use the moneys and property of the company in such manner as the directors may think fit and without limiting the generality of the foregoing, to advance, deposit or lend moneys, securities and property to or with such persons, companies or corporations on such security or without security and on such terms and conditions as to the directors may seem expedient and to issue on commission, subscribe for, take, acquire, hold, sell and exchange share stocks, bonds, obligations, debentures, mortgages or securities of any government or other competent authority, company or persons.
2. To invest in, acquire and hold either in its own name whether beneficially or otherwise or in the name of a nominee of or trustee for the company, all forms of real and personal property in any part of the world for any estate or interest therein and whether legal or equitable and in particular and without restricting the generality of the foregoing in.
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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