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Definition of objects clause: Section in a memorandum of association that describes the objectives for which the firm was formed If the firm's activities fall outside of these objectives, the firm is said to be acting ultra vires ....
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by which the company will conduct its daily business, however this the contents of which must not infringe or over-ride any of the provisions and requirements of the Companies Act, 1965 or any other relevant legislation Memorandum of Association contains the name of the company, object clauses, authorised share capital and...
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The most important clause is the object of the company This clause states the nature of business of the company All the businesses the company intends to engage in must be stated in the object clause because a company can not engage in any activity that is completely different from what was stated in the object clause...
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