Change Object



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Change Object

Company’s object represents the nature of business which company is doing. A Company can decide to change object for various reasons. To understand change of object procedure of the company first a person need to understand clauses of Memorandum of Association. Memorandum of Association of a Company has five important clauses, a) Name Clause b) Registered Office Clause c) Object Clause d) Liability Clause e) Share Capital Clause. Change of object of company means alteration of Object Clause of Memorandum of Association. Section 13 of Companies Act, 2013 deals with alteration of Object Clause of Memorandum of Association. Any clause of Memorandum of Association can be changed only with the approval of its Share Holders by passing a Special Resolution. Therefore company needs to call an Extra-ordinary General Meeting to give effect to alteration of its Object Clause.

Change Object

  • A Private Limited or Public Limited Company is entitled to change its object with approval of its Share Holders in a General Meeting by passing Special Resolution.

  • There can be many reasons for change of object of company like diversification of business or addition of new products for trading or manufacturing etc.

  • Before applying for change of object of company, the Board of Directors has to give in principle approval for change of object in a meeting of Board of Directors. After getting approval from the Board of Directors a Company may decide the date of Extra-ordinary General Meeting.

  • Approval of Share Holders in a General Meeting is must for affecting change of object. A Special Resolution has to be passed in a General Meeting approving the change of object.

Change Object

Basic
4999
  • Change of Object of Company or LLP

  • Including Document drafting

  • Govt. Fees and expenses as actual

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Standard
11499
  • Change of Object of Company or LLP

  • with Change of Name Including document drafting

  • Govt. fees and expenses as actual

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Premium
12499
  • Change of Object of Company or LLP

  • with Change of Name and

  • One Class II Digital Signature

  • Including document drafting

  • Govt. fees and expenses as actual

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Process

01

Consulting

Business Consultant from MyEfilings will consult you on the change of object clause of your company and share the list of documents

02

Documentation

Company Law expert from MyEfilings will prepare the documents and resolutions required for change of object clause.

03

Filing

Company Las expert from MyEfilings will file the documents in prescribed forms with the MCA for approval of change of object clause.

04

Approval

On filing of required forms and details the MCA will verify the forms and approve the application for change of object clause.




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