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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 abroad the business of developing, designing and maintenance of websites, web-based applications and internet/network related system/solutions including setting up of portals, internet based services and consultancy and other value added services.
2. To carry on in India or abroad the business of activities related to e-commerce, e-shopping, e-business, multimedia services, online information services, online application integration including buying, selling, marketing, trading and otherwise dealing in various kinds of products on internet.
3. To carry on in India or abroad the business of developing, designing, maintaining, selling software, packages and applications, client server applications, enterprise resource planning, network management, outsourcing related services and other services in the field of information technology.
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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