Change in Object Clause
As businesses grow, their vision and operations often expand into new areas. To legally pursue new business activities, a company must amend its Object Clause in the Memorandum of Association (MOA). Liquetax ensures quick and compliant modification with ROC approval.
What is Change in Object Clause?
The Object Clause in the MOA defines a company’s scope of activities. Any change to expand, modify, or add new activities requires shareholder approval and ROC filing.
Benefits of Change in Object Clause
?? Enables expansion into new business activities ?? Maintains legal compliance under Companies Act ?? Builds trust with investors & stakeholders ?? Ensures proper authorization for contracts
Eligibility & Requirements
- Registered Company under Companies Act
- Board approval for amendment
- Shareholders’ approval via special resolution
- Filing with ROC through MGT-7 & MGT-14
Change in Object Clause: Step-by-Step Process
- Board Meeting & Resolution 2. Drafting of proposed amendment 3. Shareholders’ meeting for special resolution 4. Filing MGT-14 with ROC 5. Approval & updated MOA issued
Documents Required
- MOA & AOA copies
- Board resolution
- Shareholders’ resolution
- Digital Signature Certificate (DSC)
- Updated business activity details
Government Fees
ROC filing fees vary by authorized capital (?1,000–?5,000 approx.)
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Client Success Story
Skyline Ventures Pvt Ltd – Expanded into IT services by amending their object clause. Liquetax completed the process in under 10 days, enabling them to pitch for new projects legally.
Change in Object Clause: Frequently Asked Questions
What is Change in Object Clause?
Change in Object Clause requires compliance with Indian regulations and proper documentation.
What documents are needed for Change in Object Clause?
ID/address proofs, registered office proof, and service-specific declarations.
How long does Change in Object Clause take?
Once docs are ready, typical timelines are 5–15 working days.
