MOA MAIN OBJECT

This query is : Resolved

CA GUNA (Querist)
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02 December 2009 Dear Members
I am in the process of incroporating Pvt ltd Company having main object as "Clearing and Forwarding Agent". I have prepared the main object as follows,

("To establish, organize, manage, run, charter, conduct, contract, develop, handle, own, operate and to do business as fleet carriers, transporters, in all its branches on land, air, water, & space, for transporting goods, articles, or things on all routes and lines on National and International level subject to law in force through all sorts of carries like trucks, lorries, trawlers, dumpers, coaches, tankers, tractors, haulers, jeeps, trailers, motor buses, omnibuses, motor taxies, railways, tramways, aircrafts, hovercrafts, ships, vessels, boats, barges and so on whether propelled by petrol, diesel, electricity, steam oil, atomic power or any other form of power.")

is it correct if not please suggest altered main object

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 December 2009 Very nicely worded. Since u have used words 'international level' ROC may ask for a correction and to add viz., subject to the rules and regulations of RBI and FEMA prevailing from time to time.

CA GUNA

CA GUNA (Querist)
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02 December 2009 Thank you sir
I have used "subject to law in force" is it not enough...
can you please suggest ways to remove such words(ie) international......

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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02 December 2009 Not enough according to me. Either remove it, which will restrict the operation of the company,or correct it if ROC points it out.

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