Object clause

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Ashish Chaurasia (Querist)
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18 April 2012 Hii friends..
We have to form a Private company having business of Property brokerage & consultancy.
Can anybody tell me the main object clause for the same company..?
Its urgent

Ajay Mishra

Ajay Mishra (Expert)
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19 April 2012 Hi

Proposed find the same:

Main Object for Real Estate

1. To carry on the business of construction of apartments, flats, shops, kothies, hotels, restaurants, pub, cinema halls, multiplex complexes, malls, hospitals and nursing home’s buildings, canals, reservoirs, mills and offices, huts, tenements, warehouses, cold storage’s buildings, industrial sheds, hydel projects, power houses, tunnels, culverts, channels sewage, roads, bridges and dams and to act as an agent for purchasing, selling and letting on hire, plot and houses, whether multistoried, commercial and/or residential buildings on commission basis.

2. To engage in construction, such as civil mechanical, electrical, and all other types erection commissioning projects, project trading as well act as consultant for execution of projects on turnkey basis for equipments of industrial, industrial set up domestic and other purposes & marketing of allied materials and to carry on the business as developers, promoters, builders, consultants, civil engineers, architects, surveyors, designers, town planners, colonizers of estates, farm land & residential building, estimators, interior and exterior decorators, general and government civil contractors of immovable properties, all types of structural and pilling engineering work.

3. To buy, purchase, or otherwise acquire an interest in any immovable property such as houses, building, market, shops, industrial sheds & plots, within or outside the limits of municipal corporation or such other local bodies and to provide roads, drains, water supply, electricity and light within these areas, to divide the same into suitable plots and rent or sell the plots to the people for building , houses, bungalows & colonies for workmen according to schemes approved by improvement trusts, development boards and municipal boards there on and to rent or sell the same to the public and realize cost in lumpsum or otherwise to start any housing scheme in India or abroad.

4. To carry on the business of immovable property and its consultants and to give on rent sale and purchase, designing and construction of residential houses, commercial building flats and factory’s sheds and building in or out side of India and to act as builders, colonizers and civil and constructional contractors and purchase, hire or otherwise sell and mortgage any estates, building, basements or such other interest in any immovable property and to develop and turn to account by laying out, plotting and preparing the same for building purposes, constructing building, multistoried building and altering, pulling down, decorating, maintaining, furnishing, fitting up and improving building and by paying, draining and letting building on lease and on rent.

5. To develop the plot for house by providing roads & other facilities such as water supply and sale the same and to erect and construct farm houses building or work civil and constructional of every description on any land of the company or upon any other such lands or immovable property and to pull down rebuild, enlarge, alter and improve such land into road, highway, streets, squares and such other convenience related thereto and deal with and improve the immovable property of the company or any other immovable property and to construct, maintain, erect and lay out roads, highway sewers, drains, electric line, cables and gaslines, in over and under the estate of any other company or person or body-corporate.

Regards

Ashish Chaurasia

Ashish Chaurasia (Querist)
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19 April 2012 Thank a lot Sir..

Ashish Chaurasia

Ashish Chaurasia (Querist)
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19 April 2012 Dear Ajay Sir,
In the object clauses provided by you, there is no specific clause for the comapny acting as Real Estate Agent & Broker. The comapny will not engage in construction. It will act as an Reat Estate Agent & Broker.
So can you provide Object clauses for the same...?
Its urgent

Ajay Mishra

Ajay Mishra (Expert)
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19 April 2012 Hi

You can make them some modification as per your requirements.

If the exact main object available with me, then i will also provide.

Ajay Mishra

Ajay Mishra (Expert)
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19 April 2012 Hi

Real estate — sale and resale:

To carry on the business of builders, contractors, erectors, construction of buildings, houses. apartments, structures, or residential, office, industrial, institutional, or commercial or developers of housing schemes, townships, holiday resorts, hotels, motels and in particular preparing of building sites, constructing, reconstructing, erecting, altering, improving, enlarging, developing, decorating, furnishing and maintaining of structures, flats, houses, factories, shops, offices, garages, ware houses, buildings works, work shops, hospitals, nursing homes, clinics, godowns, and other commercial, educational purposes, and conveniences to purchases for development investment or for resale lands, houses, buildings, structures and other properties of any nature and any interest therein and purchase, sell and deal in free hold and lease hold land and to make advances upon the security of lands, houses, structures and other property and to purchase, sell lease, hire, purchase, exchange or otherwise deal in land and house property whether real or personal and to turn the same into account as may seem expedient in any part of the world.

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