12 February 2013
our Company is a Public Ltd Co. and is now venturing into a new business of that of a developer.
1. It will buy/contract out /JV/Lease out land and hire Architects/Engineers etc and construct buildings Resi/Commercial etc.
2. it also intends to take jobs as a contractor and supplier for such construction projects.
3. It also intends to import/purchase/Sale/Export/locally arrange /building materials for the purpose of construction.
4. It intends to Sell/broker/resell etc the constructed area.
Please also note that the Co. is also in several other businesses including Import /Export of different products as Optical Lenses, Software, Forest Materials, Pipes, Valves, Jewellery etc
my query is
1.what should the Main object be for this new business. 2. How many Main object can a company have ? This company already has 3 for the above mentioned continuing businesses.
Main objects of Developing, Building and constructing properties 1. To purchase any land, plot(s) of land or immovable property or any right or interest therein either singly or jointly or in Partnership with any person(s) or Body corporate or partnership Firm and to develop and construct thereon residential, commercial complex or complex(es) either singly or jointly or in partnership as aforesaid, comprising offices for sale or self use or for earning rental income thereon by letting out individual units comprised in such building(s).
2. To purchase any movable or immovable property including industrial,commercial, residential, or farm lands, plots, buildings, houses, apartments, flats or areas within or outside the limits of Municipal Corporation or other local bodies, anywhere within the Domain of India, to divide the same into suitable plots, and to rent or sell the plots for building/constructing residential houses,bungalows, business premises, and colonies and rent or sell the same and realize cost in lumpsum or easy installments or by hire purchase system and otherwise.
3. To purchase, sell and otherwise to carry on the business such as builders, contractors, architects, engineers, Estate agents, decorators and surveyors.
4. To purchase for resale and to trade in land and house and other immoveable property of any tenure and any interest therein, and to create, sell and deal in freehold and leasehold ground rents, and to deal in trade by way of sale, or otherwise with land and house property and any other immovable property whether real or personal.
5. To construct, execute, carryout, equip, support maintain, operate, improve, work,develop, administer, manage, control and superintend within or outside the country any where in the world all kinds of works, public or otherwise, buildings, houses and other constructions or conveniences of all kinds, which expression in this memorandum includes roads, railways, and tramways, docks, harbours, Piers, wharves, canals, serial runways and hangers, airports, reservoirs, embankments, irritations, reclamation, improvements, sewage, sanitary, water, gas, electronic light, power supply works, and hotels, cold storages, warehouses, cinema houses, markets, public and other buildings and all other works and conveniences of public or private utility, to apply for purchase or otherwise acquire any contracts,decrease, concessions, for or in relation to the construction, execution, carrying out equipment, improvement, administration, or control of all such works and conveniences as aforesaid and to undertake, execute, carry out, dispose of or otherwise turn to account the same.
12 February 2013
STEPS FOR CHANGE OF MAIN OBJECTS OF THE COMPANY:
1. Call a Board meeting for proposed change in object clause. 2. Hold a Board meeting for passing following resolutions:
a. Alteration of object clause of by insertion of new main object of MOA b. Fixing date time place for general meeting for approving the above resolution by shareholders. c. approval of draft notice of general meeting. d. Authorisation for filing forms with MCA. 3. Hold a general meeting for passing above resolutions. 4. File Form-23 with MCA with in 30 days from passing of shareholders resolutions. 5. Get certificate from ROC for change of object clause of the company
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