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Get PriceMOA Main Object Clauses for Different Companies Apr 18 2024 Off The Main Object Clause of the Memorandum of Association defines the purpose of the Company Hence drafting of this clause is very crucial and should be done with precision and expertise The Company cannot carry on any activity which is not a part of its object clause
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Get PriceThe objects for which the Company is established are 1 To carry on the primary business as an operator and provider of offshore drilling rigs and its associated services and personnel for the purpose of exploitation and exploration of oil and gas offshore and at sea in connection with the petroleum industry in the world including Malaysia as
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Get Priceother object or objects set forth in such sub clause or from the terms of any other sub clause or from the name of the Company None of such sub clauses or the object or objects therein specified or the powers thereby conferred shall by or provided in any one or more of the said sub clauses 4 The liability of the members is limited 5
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Get PriceConstituents of Object Clause Under the Company Act 2024 for the Company to be registered the objects clauses must be divided into three sub clauses namely Main objects Incidental or Ancillary objects Other objects All Companies including private companies have unrestricted choice of objects under the heading main objects
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Get PriceOBJECT CLAUSES Company Registration Services Memorandum of Association contains the name of the company object clauses authorised share capital and the full particulars of the initial subscribers members who are usually the initial directors of the company Articles are a set of internal regulations that governs the day to day operations
Get PriceHence if a company works beyond the mentioned activity then it will be void ab initio Contents of Object Clause The object clause in MOA is divided into 2 parts the Main object and the Matters which are necessary for the furtherance of the main objects To clarify Main Object All promoters of a company have some ideas
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