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Procedure to pursue other object

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Vinod

CA in Practice

193 Points Posted on 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

Replies (1)

P C Agrawal

Registered independent director Past Ch

5233 Points Posted on 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.