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Home / Company Objectives / Travel & Expenses Automation
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 Research and development, designing, manufacturing and trading in all types of computer software, especially in providing holistic and end-to-end travel and expense automation along with one stop solution for travel expenses for all Corporate Businesses developed with best Artificial Intelligence induced technology and in all other areas including Management Information Services, database services, industrial applications, Office Systems, Desktop Publishing, Communications including telecommunications and satellite communication, CAD/ CAM, Animation Operating systems, Utilities and all other developments in the field of computers.
2. To render consultancy services and services in the field of software development, software export, information and data processing, computer systems, communications, Operation research and technical services including commercial exploitation, export, import and to act as dealers, authorized representatives of the same. To depute personnel to design and develop softwares in India and abroad, and to start Technology parks in India and abroad and to undertake research and development, promote excellence and leadership in computer science, modern mathematics, and to provide for such research and development including conducting and participating in seminars, workshops, exhibitions, conferences and the like and to obtain technical know-how, literature, brochures, technical data etc.
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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