What Is the Object Clause?
The object clause in a company’s Memorandum of Association (MOA) describes the business the company is set up to carry on. Banks, regulators and licensing authorities often check it before approving accounts, licences or registrations.
If your company wants to start a new line of business that the current objects don’t cover, the object clause should be altered through a special resolution and the change filed with the ROC.
Add new business activities to your MOA
- Object wording drafted to fit your plans
- Resolutions and minutes prepared
- MGT-14 filed and followed up
When Do You Need to Change the Object Clause?
- You are starting a new product or service line
- A bank or regulator has asked for specific objects in your MOA
- You are applying for a licence that requires matching business objects
- The company is changing its core business
Benefits of Updating Your Objects
Legally covered
Your new activities are clearly authorised by your constitution.
Smooth approvals
Banks and licensing authorities see objects that match your business.
Future-ready wording
Objects drafted broadly enough for related activities.
Clean records
Your MCA master data reflects what you actually do.
Documents Required
- Board resolution approving the alteration
- Special resolution of shareholders
- Altered Memorandum of Association
- Notice and minutes of the general meeting
- Digital signature of an authorised director
Object Change Process
Draft new objects
We draft the object clause around your new activities.
Board meeting
The board approves the proposal and calls a general meeting.
Special resolution
Shareholders pass a special resolution to alter the MOA.
MGT-14 filing
The resolution and altered MOA are filed with the ROC within 30 days.
ROC approval
The ROC registers the change and updates company records.
Common Mistakes to Avoid
Object changes go wrong mainly through timing and wording.
- Starting the new business first – Alter the objects before you begin the new activity.
- Wording that is too narrow – Objects should cover related activities you may take up.
- Missing the 30-day filing – MGT-14 must be filed within 30 days of the resolution.
- Ignoring licence requirements – Some activities need specific objects for licences.
- Not updating the NIC code – The main business activity should be reflected in MCA records.
After the Change Is Registered
Update the bank
Share the altered MOA with your bank.
Apply for new licences
Licences for the new activity can now be applied for.
Update GST
Add new goods or services to your GST registration.
Keep records
File the altered MOA with your statutory records.
Why Choose Vaidam Consultancy for Change in Object Clause
Objects drafted with care
Wording that covers your plans without being vague.
Clear quote upfront
You receive our fee and the government charges before any work begins.
One point of contact
A single consultant prepares the resolutions, files the forms and follows up with the ROC.
Licence-aware
We check the objects needed for any licence you plan to apply for.
Frequently Asked Questions
MGT-14 must be filed within 30 days of passing the special resolution.
Acting outside the objects can create legal and banking problems, so it’s best to alter the MOA before starting a new activity.
If the main business changes, the NIC code in MCA records may also need updating. We review this as part of the process.
Yes. An LLP updates its business activity by amending the LLP agreement and filing the change with the ROC.
Yes. A special resolution of shareholders is required.
Yes. The ROC filing fee depends on the company’s authorised capital.