What is a Change of Main Objects?

The main objects in a company's Memorandum of Association (MOA) define the primary business activities the company intends to undertake. If your company plans to enter new business sectors or modify its existing activities, the main objects clause needs to be updated.
A change in main objects requires a formal procedure, including Board Resolutions, Shareholder Approval, and filing with the ROC.
 

Reasons to Change Main Objects

•    Expansion or diversification into new business activities
•    Alteration in the core business focus
•    Legal or regulatory requirements
•    Introduction of new products or services

Documents Required for Changing Main Objects

1.    Board Resolution for the proposed change
2.    Shareholders’ Special Resolution (via EGM)
3.    Altered Memorandum of Association (MOA)
4.    Form MGT-14 for filing the resolution with the ROC
5.    Updated Articles of Association (AOA) (if applicable)
6.    Digital Signature Certificate (DSC) of Directors
7.    Filing Fee for ROC registration
 

Step-by-Step Process to Change Main Objects

1.    Board Meeting: Approve the proposal for changing the main objects clause.
2.    Special Resolution: Hold an Extraordinary General Meeting (EGM) and pass a special resolution for altering the MOA.
3.    Amend MOA & AOA: Alter the main objects in the Memorandum of Association (MOA) and Articles of Association (AOA).
4.    Form MGT-14 Filing: File the special resolution with the ROC using Form MGT-14 within 30 days of passing the resolution.
5.    ROC Approval: After filing, ROC reviews and approves the changes, and the updated MOA and AOA are returned.
 

Penalties for Not Updating Main Objects

•    Non-compliance with company’s stated objectives can lead to legal challenges
•    Penalty of ₹1,000 to ₹5,000 for improper filing
•    Regulatory actions from ROC if company activities do not match the stated objects
 

Timeline & Cost for Changing Main Objects

•    Time Required: 7-10 working days (subject to ROC approval)
•    Govt. Fee: As per authorized capital and number of clauses in MOA
•    Our Fee: [Insert price or "Contact for a custom quote"]
 

Why Choose Us for Changing Main Objects?

•    Expert Support: Our team of legal experts and company secretaries handle the entire process
•    Timely Compliance: We ensure all filings are done on time to avoid penalties
•    Complete Legal Assistance: From drafting resolutions to filing with the ROC, we take care of everything
•    Affordable Pricing: Competitive pricing for all services with no hidden costs
 

Start the Process of Changing Your Company’s Main Objects Today!

Align your business objectives with the current market needs. Our experts can help you quickly and smoothly change the main objects of your company.
📲 Call Now | 📧 Email Us | 🖱️ Get Started Online Today