Mutiple Object Clause in MOA

Save Share

This query is : Resolved

Quick Summary

Yes, a private limited company can indeed have multiple object clauses in its Memorandum of Association (MOA). This allows a company to engage in various activities, such as construction, the hotel industry, and software development, provided these activities are related or approved by the members. All intended activities must be clearly listed within the object clause.

CA ANANT KUMAR

CA ANANT KUMAR (Querist)
Follow

24 March 2021 Can a private limited company has multiple object clauses. E.g. Construction services, Hotel industry and software related work.?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

25 March 2021 YES, however it depends whether the activities are related or not. The company may carry on more than one activity at the consent of the member. All such activities are required to be listed under the object clause as specified above. In a practical scenario, many promoters wish to put all different activities under one roof, which may be possible to a certain extent.