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Other objects of private company

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(Querist)
25 April 2013 Frdz,

What is the procedure for a private company to do the business mentioned in its OTHER objects clause?

Will just a board resolution serve the purpose?
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Ajay Mishra

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Ajay Mishra (Expert)
25 April 2013 Hi

Where an existing public limited company proposes to take up a new business, which is covered in the "other objects" of the Memorandum in the case of a company formed on or after 15-10-1965 or covered in the object clause of a company formed before 15-10-1965, the said business can be undertaken by the company only after the proposal is approved by the members by a special resolution.

However, section 149 does not apply to a private company.

You are free to change your objects by Board resolution.
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CS Premjith

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CS Premjith (Querist)
26 April 2013 thanks for the confirmation Sir..
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