Hello,
Section 4 (1) (c) of Companies Act, 2013 has deleted the provision of 'Other Objects' from the Object clause in the Memorandum of Association. So now we have only Main objects and objects in furtherance of the main object.
Further Section 6 (b) of Companies Act, 2013 reads 'any provision contained in the memorandum, articles, agreement or resolution shall, to the extent to which it is repugnant to the provisions of this Act, become or be void, as the case may be.
In view of these provisions under the Companies Act, 2013 (CA 2013), do the 'Other Objects' existing in the MOA of companies incorporated before CA 2013 came into effect, become void ?
So now we cannot under take activities mentioned in 'Other Objects' of our MOA ?
Thanks
Dipali Shinde
CAclubindia
