Main Object of company

This query is : Resolved

Deepak Aggarwal (Querist)
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25 April 2009 Dear Sir,

In a private limired company can we change the main object and what are the maximum number of main objects that a company have in its MOA.

Can main object of the company have multiple activities?

Please suggest me what should i do together with the relevent sections applicable.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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25 April 2009 A company can have multiple activities but the objects should not contrst each other.

For eg. Construction company - can deal in buying and selling of buildings, construction of buildings, interior decoration, supply of materials like marbles etc.,

For eg. Delaing in computers - selling of computers, softwares, spares, AMC and servicing, etc.,

NOt possible. : Real estate and finance business.

Not possible : Manufacturing unit and dealing as Authorised dealer under foreign exchange.

The relvent section applicable are Section 14 of the act which suggests the model of table b, c.