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What is a Main Object Clause?

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.

Main object of Jewelers and Precious Stones

1. To carry on the business as goldsmiths, silversmiths, manufacture and merchants of all type of jewellery made of precious metal and precious stone, dealers, stockiest, brokers, repairs, designers, assemblers or hirers, agents, importers and exporters, of bullion, diamond and other precious stones, jewels, gold silver, platinum and other precious and semi-precious metals, ornaments, jewellery, articles, and goods ,made partly or fully above mentioned materials, stones or metal or as the company may consider capable of being conveniently dealt with I relation to its said business

2. To carry on the business as importers, exporters dealers, stockiest, agents of all type of machine tools used in the manufacturing of the items mentioned in the preceding para.

3. To carry on the business as manufactures dealers, importers, exporters stockiest, maker of all type of artificial jewellery and its parts.

4. To carry on the business as the refiners of all type of precious metals.

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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