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What is a Main Object Clause?

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.

Main object of Wealth Management

1. To carry on the business of providing all kinds of corporate advisory services in the areas of wealth management, portfolio management, investment advisory, financial planning, asset allocation, risk profiling, investment research cash budgeting, estate / will planning and taxation issues.

2. To provide execute, undertake and provide services in the areas of investment research, institutional equity and fixed income investment planning, derivatives advisory and wealth management solutions, consultancy for investments in financial products like mutual funds, RBI bonds, small savings investment plans, retirement plans and IPO’S.

3. To undertake global research and advisory in any area and products, such as capital market research in equity, debt, knowledge of individual scripts and technical aspects of market price movements and to train and provide investment education for financial and non-financial assets.

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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