Object clause of a business in MOA of a company defines the objective of the company. It defines the main business activity that company will be carrying on. It specifies the core area of the activity of business. It also includes objects that are necessary for the furtherance of the business.
Change in object clause can be done by alteration of Memorandum of Association of thecompany. To alter any clause in Memorandum of Association it is required to get the approval of members of the company by way of special resolution.
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