Change Company Object
Change of Company Object
A company’s objectives define the scope of what it can legally do. When a business pivots, expands into new sectors or realigns its strategy, updating the Object Clause becomes necessary. This requires careful drafting, shareholder approval and MCA filings. Since the MOA is a core document, the change must be fully compliant to avoid future legal or operational issues.
What We Assist With
• Drafting revised main and ancillary objects
• Checking regulatory restrictions for specific activities
• Preparing Board and shareholder resolutions
• Filing MGT-14 and INC-24 with MCA
• Updating MOA and AOA as required
• Coordination for GST, bank, and industry-specific updates
• Guidance on communicating changes to stakeholders and partners
Why Companies Change Their Objects
• Business expansion or diversification
• Entry into new products, services or geographies
• Pivoting to a new business model
• Removing outdated or unused objects
• Aligning the company’s legal scope with current strategy
Frequently Asked Questions
Yes. A special resolution at a general meeting is mandatory.
MGT-14 for the special resolution and INC-24 for approval of the changed object clause.
Yes — a wrong valuation can hurt future rounds.
Usually 7–15 working days depending on MCA processing time.
Yes. Activities like finance, NBFC, insurance, and education may require additional approvals or licenses before the object is changed.