Object clause reconfirmation

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Querist : Anonymous

Querist : Anonymous (Querist)

19 February 2014 I have to reconfirmed the main object clause of my company?
What is the procedure?

CS Adnan Shaikh

CS Adnan Shaikh (Expert)
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19 February 2014 I did not get your query properly. Can you please elaborate?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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09 August 2024 To reconfirm or amend the main object clause of your company, follow these steps:

### **Procedure for Reconfirming or Amending the Main Object Clause:**

1. **Review Existing Object Clause:**
- **Obtain a copy** of your company's existing Memorandum of Association (MoA) to review the current main object clause.
- **Check the relevant documents** where the main object clause is mentioned.

2. **Board Meeting:**
- **Call a Board Meeting** to discuss the need for reconfirmation or amendment of the main object clause.
- **Pass a Board Resolution** to approve the proposed changes, if any, to the object clause. This resolution should outline the new object clause or confirm the existing one.

3. **Special Resolution at General Meeting:**
- **Convene an Extraordinary General Meeting (EGM)** of the shareholders if the changes require a special resolution.
- **Draft the Special Resolution** for amending the object clause. The resolution must clearly specify the changes or reaffirmation of the object clause.
- **Pass the Special Resolution** during the EGM.

4. **Filing with Registrar of Companies (RoC):**
- **Prepare the necessary forms** and documents:
- **Form MGT-14** for filing the special resolution with the RoC.
- **Form INC-24** (if applicable) for seeking approval for the change of object clause.
- **Attach a copy of the special resolution** and the amended MoA with the forms.
- **File the forms** with the RoC online through the Ministry of Corporate Affairs (MCA) portal.
- **Pay the prescribed fees** for filing the forms.

5. **RoC Approval:**
- **Wait for the approval** from the RoC. Once approved, the RoC will issue a certificate confirming the change or reconfirmation of the object clause.
- **Receive and file the RoC approval certificate** as part of your company's records.

6. **Update Records:**
- **Update the company’s statutory records** to reflect the new or reconfirmed object clause.
- **Make necessary changes** to company documents and marketing materials to align with the updated object clause.

### **Additional Tips:**

- **Consult Professionals:** Consider consulting a company secretary or legal advisor to ensure compliance with the Companies Act and to properly draft and file the necessary documents.
- **Document Management:** Keep a copy of all resolutions, forms, and approvals in your company’s records for future reference.
- **Communication:** Inform all relevant stakeholders about the changes to ensure alignment with the updated business objectives.

By following these steps, you can effectively reconfirm or amend the main object clause of your company.

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