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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 all kinds of communications, networks products and solutions, dealing in all equipment products and solutions related to telecom, radio, television, wireless networks and services and make available all equipment, products and solutions required for the telecommunications sector in India; provide post sales services.
2. To carry on the business through ownership, management, operation, leasing and development of wireless and broadcast communication sites or towers, antenna systems/antenna space, wireless and radios broadcast transmission, Business Process Outsourcing and Information Technology facilities, and to operate through segments including but not limited to Rental Management and Network Development Services. To engage in the business of providing basic telecommunication services, IP-I services and IP-II services within and outside the territory of India.
3. To provide Network development services for site acquisition, zoning and permitting service and structural analysis service that support site/tower leasing operation and addition of new tenants and equipments on the site/ tower. and to carry on research and development work in relation to any or all of the above and with particular relation to communication equipment.
4. To carry on the business of building, establishing, setting-up, acquiring, developing, advising on ,managing, providing , operating and/or maintaining, facilitating conduct of fully or partially infrastructure facilities and services thereof for all kinds of value added services including payment gateway services, long distance telephony services, e-commerce services and data-com services, video tech access points, multimedia access points, internal access points, voicemail services, email services, video conferencing services, fax store and forward services, enhanced faxed services, internet services including basic and advance services and to carry on the business as advisors, suppliers, traders of data processing and information retrieval systems, virtual private network services and broad band network services, application services ATM services, data centre services including hosting services, application services and co-location services, computer hardware and software of all kinds which incorporate use and used in conjunction with or ancillary to systems of such description as aforesaid and any of the apparatus and equipment comprised therein.
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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