Object clause of the company

Others 826 views 1 replies

A private limited company engaged in tea manufacturing business. the main object of the company is blending & packaging of tea.

recently the company has purchased an office space. The company has given the office on rent to other pvt company (have common directors)

letting out the property on rent is not mentioned any where in the object clause of the company neitherancillary nor other objects.

kindly advice what to do to rectify the mistake as the company has already purchased the office in his own name and is about to give the  premises on rent to other pvt companies having common directors..

Replies (1)

Dear sneha,

In this situation, if the company is intending to do this on a regular basis, i:e, company has plans to purchase more properties for the purpose of renting, the company will have to alter the object clause.

on the other hand, if this is not the situation, and company has only one property which due to no requirements is vacent, the company can rent out this only by Board Resolution.

 

Experts Comments are welcome!!

 

Regards,

Aditya


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details