Dear Friends,
A private ltd. company wants to pursue one of its other object, simultaneously with the main objects.
If anybody know the procedure, please share with me.
I searched tghrough out the Co. Act but could not found.
Thanks in advance...
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Procedure to pursue other object
Replies (1)
Under CA 1956, Object Clause of Memorandum contained Other Objects also and hence company could pursue other objects by passing members resolution u/s 149. However under CA 2013 there is no provision of Other Objects in Memorandum and hence no procedure has been prescribed in the Act. Existing companies can therefore start such objects simply by passing Board resolution.
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