The Object Clause defines the scope of activities a company is permitted to engage in. It ensures alignment with its strategic objectives and informs stakeholders of its focus areas. Changes to the clause are crucial when companies pivot their goals, enter new markets, or discontinue certain operations.

• Board Resolution: Pass a board resolution to approve the proposed change and call a general meeting.
• Shareholder Approval: Secure approval through a special resolution in an Extraordinary General Meeting (EGM).
• ROC Filing: File Form MGT-14 within 30 days of the resolution.
• Update MOA: Submit the revised MOA reflecting the amended object clause.

Governed by Section 13 of the Companies Act, 2013, amendments require approval from shareholders via a special resolution and subsequent filing with the ROC. Certain changes may also need approval from sector-specific regulators.

• Obtain board approval and pass a special resolution in the general meeting.
• File Form MGT-14 within 30 days of passing the resolution.
• Update the MOA with the revised object clause.
• Ensure approval from any other regulatory bodies, if required.

Non-compliance may result in penalties, rejection of filings by the ROC, or invalidation of activities outside the original object clause. Persistent violations could lead to legal actions or financial liabilities.

• Board resolution for the proposed change.
• Special resolution passed in the general meeting.
• Updated MOA reflecting the new object clause.
• Filing fee receipt for Form MGT-14.

• Enables businesses to operate legally within the revised scope of activities.
• Builds stakeholder confidence by ensuring transparency and alignment with business objectives.
• Helps companies adapt to market changes or strategic redirection.

• Resolution Filing: Submit Form MGT-14 within 30 days of passing the special resolution.
• MOA Update: Submit the updated MOA to the ROC along with other supporting documents.

• ROC Filing Fees for Form MGT-14: Rs. 1,000 + applicable fees based on company structure.
• MOA Update Fees: Rs. 2,000 + GST.
• Estimated Total Cost: Rs. 5,000 to Rs. 7,500, depending on company size and additional regulatory approvals.