Change in Business Objective of the Pvt Ltd Company

By adding or changing the business objective clause in the company's MOA, it is possible to start a new business or make a change to an existing one.

Steps to follow to amend business objective of the Company

  • Drafting of revised MOA with new Business Objective Clause
  • Held Board Meeting and EGM to approve the desired changes
  • Preparation and filing of required forms to the ROC

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Change the object clause of Pvt. Ltd. Company

An Overview - Change the object clause of Pvt. Ltd. Company

The Objects section of the Memorandum of Association (MOA) describes the reason why the company is being formed. The Company is prohibited from operating contrary to its aim clause. In any event, a corporation may not do business contrary to its Memorandum, and if it does, the transaction will be invalid as ultra vires.

These objectives serve as the foundation for the company's actions, and its justification is normally established at the time of incorporation. However, these objectives may need to be modified under specific conditions, such as if the organisation decides to add additional operations or if it satisfies other similar requirements.

We, KNAP Advisory, guarantee complete client satisfaction and on-time service delivery through a team of trained experts and Chartered Accountants. After receiving permission from the ministry of corporate affairs, KNAP Advisory India will provide you with revised paperwork.

Process to change the objective of the company

  • STEP I - First Step: Call a Meeting of the Board of Directors: (As per section 173 and SS-1)
  1. Send a Notice of Board Meeting to all company directors at least seven days before the scheduled date of the meeting.
  2. Include a schedule agenda
  3. Agenda Notes
  4. Draft Resolution
  • STEP II- Call the Board of Directors Meeting:
  1. New company objectives proposed
  2. Following the selection of an object, adopt a Board Resolution.
  3. Obtain permission for a change to the purposes clause and present the idea to members by special resolution.
  4. Determining the date, time, and venue of the annual general meeting and authorising a director or another individual to notify members.
  • Step III: Release of Notice of General Meeting: (Section 101)

Notification of the EGM must be made at least 21 days in advance of the meeting date. A shorter notice EGM may be called with the approval of a majority in number and 95% of the company's paid-up share capital eligible to vote at such a meeting:

  1. Every Director
  2. Members
  3. Company's auditors

The notification must include the venue, date, and time of the meeting, as well as a synopsis of the business to be handled at the EGM.

  • STEP-IV-Hold a general meeting (Section 101)
  1. Determine the quorum.
  2. In the absence of an auditor, confirm his or her presence. The leave of absence is then either granted or rejected. (As stipulated by Section 146.)
  3. Adopt a Special Resolution.
  4. Approval of a Change to the Articles of Association.
  • STEP-V: File and pay filing fees:

Within 30 days after the enactment of the special resolution, file with the Registrar FORM NO. MGT-14 (Filing of Resolutions and Agreements with the Registrar under Section 117), the relevant filing, and the necessary documents:


  1. Certified True Copies of Special Resolutions, together with a description;
  2. Members get a copy of the meeting notice and any appendices;
  3. A hard copy of the revised Articles of Association (MOA).
  4. A copy of the attendance sheet for the General Meeting.
  5. If relevant, consent with a shorter notice time.
  • STEP-VI-Continuation:
  1. The Registrar must then record the change and give a certificate attesting that the business has met all applicable criteria.
  2. The alteration will not be final and effective until the ROC issues a certificate.
  3. Make the modification to each copy of the memo.


Documents Required to change the object clause

Essential Documents

  • - Notification of EGM
  • - An certified, genuine copy of the special resolution
  • - Board meeting and annual general meeting minutes
  • - Amended MOU with necessary alterations
  • - A copy of the board resolution that has been authenticated by a public notary (optional)
  • - Identification of all corporate directors
  • - Affidavits from all company directors
  • - Board and general meeting attendance registers or attendance sheets



What is the function of the objective clause?

Objects are the section of the Memorandum that specifies the reason for the company's formation.

What are Primary Objective and Secondary Objective?

The 'Principal Objectives' of the company are to be adhered to immediately upon formation. The incidental or auxiliary objects are only a subset of the major object, which the Act stipulates must be specified in order to avoid ambiguity.

How long does it take to modify the object clause of a corporation?

It will take at least eight to ten business days to amend the company's object clause.

Who is authorised to make modifications to the MoA's purpose clause?

Company is authorised to modify the MoA's purpose clause with the consent of its shareholders. Company must call and hold an EGM in order to adopt a special resolution to amend the purpose clause of the MoA.

What is the company's mission statement?

A Memorandum of Association (MoA) serves as the organization's constitution. It is a legal document established during the formation and registration of a business in order to define the company's connection with its shareholders and the reason for its fo


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