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Procedure to pursue other object

Vinod (CA in Practice) (445 Points)

05 August 2014

Dear Friends,

A private ltd. company wants to pursue one of its other object, simultaneously with the main objects.

If anybody know the procedure, please share with me.

I searched tghrough out the Co. Act but could not found.

Thanks in advance...

vinodaca74 @ gmail.com

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P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 05 August 2014

Under CA 1956, Object Clause of Memorandum contained Other Objects also and hence company could pursue other objects by passing members resolution u/s 149. However under CA 2013 there is no provision of Other Objects in Memorandum and hence no procedure has been prescribed in the Act. Existing companies can therefore start such objects simply by passing Board resolution.