Change in Object Clause of Company

Change in Object Clause of Company

The Object Clause in the Memorandum of Association (MoA) defines the business activities that a company is legally authorized to carry out. If a company wants to diversify into new business areas or pivot its core activity, it must amend the Object Clause by passing a special resolution and filing with the MCA.

Why Change the Object Clause?

• Diversify into new business verticals or product lines.
• Pivot the company's core business activity.
• Add new revenue streams that are not covered in the existing objects.
• Comply with investor or lender requirements for business expansion.
• Restructure post-merger or acquisition with new business objectives.

Process

1. Conduct a board meeting and pass a board resolution proposing the amendment.
2. Issue notice for an Extraordinary General Meeting (EGM) to shareholders.
3. Hold EGM and pass a special resolution approving the alteration of the Object Clause.
4. File Form MGT-14 with the MCA within 30 days of the EGM, attaching the altered MoA.
5. Receive MCA/ROC acknowledgment of the Object Clause amendment.
6. Update all business communications and legal documents to reflect the new objects.

Documents Required

• Board resolution proposing the alteration.
• EGM notice and special resolution.
• Altered Memorandum of Association (MoA) with revised Object Clause.
• Existing Certificate of Incorporation.
• DSC of the authorized director for filing.

Timeline

Approximately 10–15 working days.

Why Choose Tax Precision?

• Expert drafting of new Object Clause aligned with business objectives.
• Board resolution and EGM notice drafting and management.
• Complete MGT-14 filing management within the 30-day deadline.
• Guidance on objects that require prior Central Government approval.
• Updated MoA printing and registered office record update support.