25 November 2009
The other objects are those businesses that the company may carry on in future. It also contains those items which are general in nature and empower doing normal business activities.
The company cannot engage in a business as its major line of business without obtaining members approval.
Where an existing public limited company proposes to take up a new business, which is covered in the "other objects" of the Memorandum in the case of a company formed on or after 15-10-1965 or covered in the object clause of a company formed before 15-10-1965, the said business can be undertaken by the company only after the proposal is approved by the members by a special resolution.
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