Market Price: ₹2000
World Legal India Price: ₹1000
Modification of the company’s main business activities or objectives as per statutory compliance.
Market Price: ₹2000
World Legal India Price: ₹1000
Modification of the company’s main business activities or objectives as per statutory compliance.
Structure for Document:
Title: Change in Business Object
Description: Short description (max 30 words)
Content: 150–200 word detailed explanation
Process Steps (optional):
Board approval for change
Shareholder approval via special resolution
Amendment of MOA
Filing with ROC
Updating statutory records and public disclosure
pdf details here...
A change in business object involves altering the objectives or scope of activities for which a company was originally incorporated. This change is typically reflected in the company’s Memorandum of Association (MOA) under the “Object Clause.” Companies may opt to change their business object to diversify operations, enter new markets, or align with evolving business strategies. The process requires approval from the board of directors followed by a special resolution passed by shareholders in a general meeting. Subsequently, the company must file the required forms with the Registrar of Companies (ROC), usually Form MGT-7 or SH-7, along with an updated MOA. Public disclosure may also be necessary to inform stakeholders, creditors, and regulatory authorities. Proper compliance ensures the company operates within its legally defined objectives and mitigates the risk of disputes or regulatory penalties. Engaging professional support is recommended to ensure accurate drafting, filing, and updating of statutory records, thereby maintaining corporate governance standards and legal continuity while enabling business growth and flexibility.