advise

Avi (CA final and CS Prof.) (227 Points)

04 October 2010  

while doing an audit of a firm . i checked the MOA and there was no object clause in it. i checked some other copies i didnt find in any of the copies.with the company officials whole recored was digged out and it was found that there was no object clause in MOA filed with ROC .

the company was formed before the companies act 1956.the object clause came at later date.

the company is having all the certificates of incorporation and commencement. the company also wants to diversify the business and has done it in past. now with no obejct clause what will company do and what will happen to diversified business in the past and what will they do in future

plz help mee. i cant understand what to do