Object clause in moa
This query is : Resolved
17 December 2011
Recently we have filed Form 1A mentioning three main objects but ROC has asked for resubmission with the comment that "multy objects not allowed".
My query is whether ROC's objection is legally valid?
My query is whether ROC's objection is legally valid?
17 December 2011
In law it is not there but they are doing. In 1A you have to put only one and MOA you put your main objects subject to a max of 4 points.
Guest
Guest
(Expert)
17 December 2011
Since name of the company should reflect Main objects of the company. Stand taken by ROC is not illegal. You can mention more than 1 main objects in Form 1A provided they are related to each other directly.
Eg: to carry on the business of construction, real estate, township development, builder and developers is allowed.
However, to carry on the business of construction, jewellery, consultancy, sharebroking, trading is not allowed.
Thanks.
Eg: to carry on the business of construction, real estate, township development, builder and developers is allowed.
However, to carry on the business of construction, jewellery, consultancy, sharebroking, trading is not allowed.
Thanks.
17 December 2011
Agreed with Neha Ji
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