Change in Object Clause
A change in the object clause of a company’s memorandum of association involves modifying the company’s stated business activities or objectives. This change requires passing a special resolution by the shareholders and obtaining approval from the Registrar of Companies (ROC) or relevant regulatory authority. The revised object clause must be filed with the ROC along with the amended memorandum. This process ensures that the company’s new business activities are legally recognized and compliant with regulations. Properly executing this change is crucial for aligning the company’s operations with its strategic goals and avoiding potential legal or regulatory issues.
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