Main Object of company
This query is : Resolved
Deepak Aggarwal
(Querist)
25 April 2009
Dear Sir,
In a private limired company can we change the main object and what are the maximum number of main objects that a company have in its MOA.
Can main object of the company have multiple activities?
Please suggest me what should i do together with the relevent sections applicable.
In a private limired company can we change the main object and what are the maximum number of main objects that a company have in its MOA.
Can main object of the company have multiple activities?
Please suggest me what should i do together with the relevent sections applicable.
CA. B.SRINIVASULU
(Expert)
25 April 2009
A company can have multiple activities but the objects should not contrst each other.
For eg. Construction company - can deal in buying and selling of buildings, construction of buildings, interior decoration, supply of materials like marbles etc.,
For eg. Delaing in computers - selling of computers, softwares, spares, AMC and servicing, etc.,
NOt possible. : Real estate and finance business.
Not possible : Manufacturing unit and dealing as Authorised dealer under foreign exchange.
The relvent section applicable are Section 14 of the act which suggests the model of table b, c.
For eg. Construction company - can deal in buying and selling of buildings, construction of buildings, interior decoration, supply of materials like marbles etc.,
For eg. Delaing in computers - selling of computers, softwares, spares, AMC and servicing, etc.,
NOt possible. : Real estate and finance business.
Not possible : Manufacturing unit and dealing as Authorised dealer under foreign exchange.
The relvent section applicable are Section 14 of the act which suggests the model of table b, c.
Ankur Garg
(Expert)
12 May 2009
Agree with Expert
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