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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 tanning and finishing of hides and skins and leathers and dealers of leather of all types and description, including the manufacture of and dealers in various leather items such as garments upholstered briefcases, shoe uppers, and other articles of all types and description made out of leather.
2. To carry on the business of manufacturing, distribution and supplying of dresses, readymade garments and wearing apparel made of leather of all kinds.
3. To carry on the business of manufacturers, processors, buyers, sellers, importers, exporters, repairers, hirers, stockiest and distributors of and dealers in leather cloth and all allied products made of leather and leather cloth.
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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