KNAP Advisory

Change Company Objective

Moving into a new line of business? Your Memorandum has to allow it first. KNAP Advisory alters your object clause cleanly so your new activity is fully authorised.

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Overview

Altering your object clause

A company can only carry on the business activities listed in the object clause of its Memorandum of Association. When you want to start something new — a fresh service line, a different industry, or an additional activity — the Memorandum must be amended first, or the new business sits outside what the company is legally authorised to do.

The change is made by passing a special resolution of the shareholders and filing Form MGT-14 with the Registrar within the prescribed time. KNAP Advisory drafts the resolution, prepares the amended Memorandum and handles the filing end to end so your expansion stands on solid legal ground.

Benefits

Why update your objective

Enter New Markets

Add activities so you can lawfully expand your business.

Stay Compliant

Operate only within authorised objects, free of risk.

Win Contracts

Many tenders and banks check your stated objects.

Attract Funding

Investors prefer a Memorandum aligned to your plans.

Future Ready

Build room for activities you plan to add later.

Clean Records

An accurate, current Memorandum on the MCA record.

Requirements

What you’ll need

Documents

  • Existing Memorandum of Association
  • Board and shareholder resolutions
  • Notice and minutes of the general meeting
  • Details of the new or revised object clause

Conditions

  • Special resolution passed by shareholders
  • Form MGT-14 filed within the prescribed time
  • Statutory filings up to date
  • New objects lawful and clearly worded
Process

How KNAP handles it

1

Draft New Objects

We word the revised object clause to cover your plans.

2

Board & EGM

We prepare notices and resolutions for the meetings.

3

File MGT-14

We file the special resolution with the Registrar.

4

Updated MOA

You receive the amended Memorandum on record.

Why KNAP Advisory

Amendments done right

Precise Drafting

Object clauses worded to cover today and tomorrow.

On-Time Filing

MGT-14 filed within the statutory window.

End-to-End

From resolution to updated Memorandum.

FAQs

Frequently asked questions

How do I change my business objective? +

Alter the object clause of the Memorandum by passing a special resolution and filing Form MGT-14 with the Registrar within the prescribed time.

What is the object clause? +

It is the part of the Memorandum of Association that defines the business activities the company is authorised to carry on.

Why change it? +

Usually to start a new line of business, expand into a new activity, or drop one that is no longer relevant.

Which form is filed? +

Form MGT-14 is filed with the Registrar after the special resolution altering the object clause is passed.

Can I add a brand-new activity? +

Yes. By amending the object clause through a special resolution, the new activity becomes authorised under the Memorandum.

Get Started

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Update your company objective

Talk to KNAP Advisory and get started today.