Object clause
This query is : Resolved
04 May 2015
Can a private limited company as incorporated under co act 1956 start a business as mentioned in the other object clause by just passing board resolution?
04 May 2015
No, because 'other objects' has become infructuous, though mentioned in MOA, by virtue of section 4 and 6 of the Companies Act,2013.
04 May 2015
Then i need to change the object clause? Should i change the entire moa and aoa as per co act 2013 or only amend the object clause
04 May 2015
Yes ,amend at least object clause so as to include the other objects also therein, though entire change is recommended by ICSI.
04 May 2015
Ok Sir. Thank u for helping me.
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