Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

Alteration of object clause

Mohit Batra (CS Professional Passed) (101 Points)

16 June 2016

A company is currently dealing in buying and selling of a product. Now it wants to manufacture the product. Can object clause be altered by replacing the existing clause or to add a new sub- clause in its main objects for entering into manufacturing of that products? please guide

Reply
Follow
Share

1 Replies

Harshit Kabra (INVESTOR) (Student CA final) (1113 Points)
Replied 16 June 2016

After incorporation of a company, it may want to change object clause. This requires alteration in the MOA of the company and section 13 of the Companies Act 2013 covers the same. Ever clause on the MOA can be altered (with the exception of capital clause which requires an ordinary resolution to be passed) by passing a special resolution as mentioned in section 13. We cover the basic process to change the object clause of MOA of a company as per Companies Act 2013.

Company can alter its object clause by way of addition, deletion, modification, substitution, or in any other way, only if it wants.
and filling the fees in mgt-14 with registrar, and alteration only from vali, from the date registrar issue certificate.