Dear All,
Ours is a pvt. ltd. co. proposing to change its object clause as we are entering into new line of business of investment and sub broking but we also want to continue with our earlier busines of trading agro products.
Can anybody guide how to incorporate the above mentioned objects in the Object Clause in MOA?
do you have draft Object clause for the Stock Brocking Company?
Hi Megha,
You may use the following clauses as Object Clause for Stock Broking Company:
1- To act as Investment Consultants, stock brokers, underwriters and to invest or subscribe for purchase or otherwise, acquire and sell, dispose of exchange, hold and otherwise deal in shares or other securities issued by any authority Central, State, Municipal, Local or otherwise and to carry on the business generally carried on by investment companies.
2- To carry on the business of financial and investment consultants, finance brokers, stock brokers, underwriters, registrars, issue house, portfolio management and to invest or subscribe for purchase or otherwise acquire and sell, dispose of, exchange, hold and otherwise deal in shares or other securities issued by any authority Central, State, Municipal Local or otherwise and to carry on the business generally carried on by finance and investment companies.
Dear Roma,
For change in the object clause:-
1 HOld a board meeting and determing the date, time and venue of General meeting.
2. Issue notice of general meeting
3. Hold General Meeting and pass SPECIAL RESOLUTION for proposed alteration of object clause of the MOA
4. In case of public company , if the alteration is made for dcommencing new businesss, a SPECIAL RESOLUTION approving the commencement of new business will also be passed.
5.In case of private company, the company can commence new business by way of Board Resolution.
6.In case the company is listed company the resolution is required to be passed by way of Postal Ballot.
7. Filing : Form 23 witnin 30 days of the date of resolution.
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