Change of Object Clause

Starting at Rs. 4999 (All-Inclusive Price)

Company’s object represents the nature of business which the company is doing. A company can decide to change an object for various reasons. The reasons for change in object of a company can be diversification of business or addition of new products for trading or manufacturing etc. To understand the procedure for change in object clause of the company first a person needs to understand clauses in the 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 in object clause of company means alteration of Object Clause of Memorandum of Association. Section 13 of Companies Act, 2013 deals with the alteration of Object Clause of Memorandum of Association. To change any clause of Memorandum of Association, by passing a Special Resolution the approval of its Shareholders is required.

Therefore, the company needs to call an Extraordinary General Meeting to give effect to alteration of its Object Clause.

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Process for Change in Object Clause:

Choose Your Plan

You can choose any of our packages based on your requirements.

Consulting

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

Documentation

A Company Law expert from My Efilings will prepare the documents and resolutions required for change in object clause.

Filing

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

Approval

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

Choose Your Plan

Basic

4999 All-Inclusive Price
  • Change in object of Company or LLP
  • Including document drafting
  • Excluding Govt. Fees

Standard

11499 All-Inclusive Price
  • Change in object of Company or LLP with change of name
  • Including document drafting
  • Excluding Govt. fees

Premium

12499 All-Inclusive Price
  • Change in object of company with change of name and one class II digital signature
  • Including document drafting
  • Excluding Govt. Fees

FAQ'S

Yes. A Private Limited Company or a Public Limited Company can change object for which it was incorporated after approval of its shareholders through a Special Resolution in General Meeting.
Yes, Company has to inform the ROC after getting approval of change in object from shareholders.
There is no restriction on change in object clause as such, but a Public Limited company who has raised money from the public and still has not utilized the money fully cannot change its object. There are other formalities to change objects for such companies.
It generally takes around 25 days time for getting approval of change in object from the ROC. However everything depends on the processing time taken by the Government department.