object clause

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CS Abhilasha Pandey (Querist)
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02 June 2010 Dear All,
If I have to start a business of secondary objects given in the "Object clause" of MOA of an existing Pvt. Ltd. Comapny which is doing its business provided in primary object clause, should I take permission from any authority ? Is it given under any specific section of Co. Act ?

Ankur Garg

Ankur Garg (Expert)
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04 June 2010 You have to pass a special resolution of shareholders i a general meeting u/s 149(2A) of the companies act, 1956 i.e. commencement of new business with existing business of the company.

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CS Abhilasha Pandey

CS Abhilasha Pandey (Querist)
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04 June 2010 its a pvt. ltd. company, so it is necessary to do so. pls reply.

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