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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 in India or elsewhere the business to act as stock broker, finance broker, agent, sub broker, share transfer agent, portfolio manager, odd lot dealer or other intermediaries and to buy, sell, exchange, barter, swap adjust, subscribe, acquire, hold, invest or otherwise deal in all kinds of shares, securities, stocks, bonds, mutual funds, warrants, premium notes, bills of exchange, letter of credit, all kinds of units coupons, warrants, \r\noptions, derivatives, other similar instruments, and different kind of commodities
2. To act as lead managers, co-managers, advisors and counselors in investments and capital market, to underwrite or sub underwrite issues in capital market, clearing houses for the securities, to undertake the work of factoring of bills, advisory in field of trading of all kinds of securities and commodities.
3. To apply for and become member in India or elsewhere of any stock exchange, national stock exchange, commodity exchanges and other similar institution, authority and to carry on business as permissible under Securities and Contracts (Regulations)Rules 1957.
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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