Change in object clause
This query is : Resolved
Shiwali Shukla
(Querist)
19 August 2016
I want to ask that If a company whose main object was Construction related now wants to change the object clause to Textile Business is required to remove the word "Infrastructure" from its name or it can carry the new business with the same name?
CS Mitesh Mehta
(Expert)
19 August 2016
Yes you have to remove the word "Infrastructure" from the name. The word "Infrastructural project" is defined under Schedule VI of the Companies Act, 2013. As defined therein, Textile Business does not fall under the definition of "Infrastructure"
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19 August 2016
Mehta Ji
But the condition that name should resemble the object clause has been done away vide notification dt 22-1-2016
But the condition that name should resemble the object clause has been done away vide notification dt 22-1-2016
Shiwali Shukla
(Querist)
20 August 2016
Can we add in Other Object Clause of MOA regarding Trading in Fabrics & carry the business with the same name or we have to get it changed from Infrastruture to Commercials or something else.Please provide the detail of relevant provisions as well as procedure for addition or change in object clause.
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