Startup Salahkar

Puja Mohan & Associates
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Change of object of Companies

Procedure for Changing the Object Clause of a Company

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    1. Board Meeting
      • Convene a Board meeting to approve the proposed amendment to the object clause of the Memorandum of Association (MoA).
      • Authorize a director or company secretary to file the necessary documents with the Registrar of Companies (RoC).
    2. Draft Amendment
      • Prepare the new object clause reflecting the company’s expanded or changed business activities.
      • Ensure compliance with legal and regulatory requirements.
    3. Call Extraordinary General Meeting (EGM)
      • Send notice to shareholders and call an EGM to approve the amendment by Special Resolution.
    4. Pass Special Resolution
      • At the EGM, pass a Special Resolution to amend the object clause with a 75% majority vote.
    5. File Form MGT-14
      • File Form MGT-14 with the RoC within 30 days of passing the resolution, attaching:
        • Certified copy of the Special Resolution.
        • Altered MoA.
        • Explanatory statement.
    6. Obtain RoC Approval
      • The RoC will review the documents and, if in order, approve the change, issuing a Certificate of Registration confirming the amendment.
    7. Update Records
      • Update the MoA and company records to reflect the new object clause and notify relevant authorities.

    Documents Required:

    • Special Resolution passed at the EGM.
    • Explanatory Statement (Section 102).
    • Altered Memorandum of Association.
    • Form MGT-14.

    This process ensures that the company legally amends its object clause to reflect new business activities.