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Change of Objects

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Change of Objects

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Overview

The object of a company refers to the main purpose or objectives for which the company was established. It encompasses the activities and operations that the company intends to undertake in order to achieve its goals.

A change of the object of a company refers to a change in the main purpose or activities that the company was originally established to undertake. This can include a change in the products or services offered, the target market, or the operations of the company.

Documents required for alteration the objects

A special resolution of the shareholders, approved by the required majority, to approve the change of object.

A Form MGT 14 to be filed with the Registrar of Companies to inform about the change in the object.

A copy of the amended articles of
association, reflecting the change in the object.

DSC
(Digital Signature of
Authorized Directors)

Frequently Asked Question

Yes, an object clause can be altered. The object clause is a part of a company's articles of association and outlines the main purpose or objectives of the company. If a company wants to change its object, it must follow the relevant laws and regulations and obtain approval from its shareholders through a special resolution.
The object clause in the Memorandum of Association of a company is a section that outlines the main purpose or objectives of the company. It specifies the activities and operations that the company intends to undertake in order to achieve its goals.
A company can have multiple main objects, but it is common for a company to have one main object and several subsidiary objects. The main object outlines the main purpose or objectives of the company and serves as a foundation for its operations and decisions. The subsidiary objects provide further detail and clarification on how the company will achieve its main object.
Altering the scope of operations: Changing the objects of a company can change the types of activities and operations the company is authorized to undertake, which may affect its business and financial operations.

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