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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 maintain or provide services in respect of all buildings, apartments, commercial complexes of all nature.
2. To carry on the business of providing all types of facilities, management and maintenance of all kinds and structures such as commercial & residential buildings and complexes, theaters, cinema halls, auditoriums, sports complexes, stadiums and factories and undertake activities regarding the same.
3. To enter either alone or jointly with another company or persons in India and elsewhere into contracts (on turkey basis or otherwise)for the takeover, operate and maintain and provide services relating to all types of buildings, flats, apartments commercial office complexes, apartments, at including land spaces, buildings, exterior of apartments, walls compound, electrical installations, water sources, water supply connections pumps and motors, dish antenna, ditches, drains, drainage, lights, internal phone wirings, garden plant boxes, potted plants, parking areas, common area of all floors including payment of common water and electrical charges, security cover, maintenance and running of the lifts and generators and over-head expenses, inclusive of salary, establishment charges, privileges, rights, easements, advantages, appurtenances, facilities and conveniences whatsoever in any way.
4. To maintain or arrange for the maintenance or provision of services and improvement of all the common properties, areas, amenities and facilities of all commercial spaces apartments owned any Information Technology Park.
5. To set up hospitals, nursing homes and healthcare centres and provide, encourage, initiate or promote facilities for the discovery, improvement or development of new methods of diagnosis, understanding and prevention and treatment of diseases
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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