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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 manufacturing, processing, preparing, formulating, exporting and importing, buying and selling and dealing in organic chemicals such as fats, organic acids, poly oils etc., from oil seeds of any description or any of them and all its by products, and products to be made therefrom.
2. To extract oil from oil cake and oil seeds and carry out process of refinement and conversion of oil, to manufacture all types of soaps and all sorts of by products, including manufacture of steric acid and glycerin.
3. To purchase, sell, import and export, or carry on the business of manufacture of all kinds of chemicals and compounds and preparations therefrom, dye stuffs, and bleaching materials, glue, resin, cellulose, spirits, turpentine, soap, salt, oil, caustic soda, clay and other materials used in the manufacture or treatment of pulp, paper and board.
4. To take on lease or otherwise acquire any lands, forests, timber land and estates of every description and any right in, over or connected with the land, to develop the resources of the Company, in particular by clearing, draining, fencing, planting, cultivating, building, improving, farming, irrigating, gazing and by promoting immigration and emigration and the establishment of villages and settlements.
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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