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Change in Objectives of Business

Legally expand or modify your company's scope of activities through ROC compliance.

This is a critical compliance service because a company's object clause in the Memorandum of Association (MOA) defines its permitted business activities. Any change in business objectives requires shareholder approval + ROC/MCA filings.

Why It Matters

The object clause in the company's MOA (Memorandum of Association) defines the company's primary and ancillary business activities.

When a company plans to:

Enter new sectors or lines of business
Pivot its model (e.g., from trading to manufacturing, or services to tech)
Add ancillary objects like exports, e-commerce, or consultancy
Align with investors, regulators, or business strategy …it must legally alter its MOA by obtaining shareholder approval and filing with ROC.

Failure to update business objectives with ROC can lead to:

Regulatory penalties under Companies Act, 2013
Investor mistrust during fundraising or due diligence
Restrictions in banking/financing approvals (if MOA doesn't cover activity)

Our Services

Drafting Resolutions - Board and shareholder resolutions for altering objects
MOA Alteration - Amendment of Clause III (Object Clause) in the Memorandum
ROC Filing (Form MGT-14 & INC-24) - Filing necessary forms with attachments
EGM & Shareholder Support - Drafting notices, explanatory statements & minutes
Regulatory Advisory - Ensuring new objects don't fall under restricted/prohibited activities
End-to-End Compliance - ROC approval + guidance on updating GST, PAN, and licenses if required

Why Choose FinnovateAI?

CA + CS-Led Expertise - Precision in drafting & legal compliance
Strategic Alignment - Objects crafted to match business expansion & investor needs
Hassle-Free Process - Drafting, resolutions, filings & approvals handled end-to-end
Pan-India ROC Handling - Expertise across multiple jurisdictions
Investor-Friendly Compliance - MOA drafting tailored for fundraising readiness

Our Process

Consultation - Identify new/modified business objectives
Drafting - Amend MOA with new object clause
Board & Shareholder Approval - Pass resolutions and conduct EGM
ROC Filing - File MGT-14 & INC-24 with MCA portal
Approval & Records Update - ROC approval and updated company master data

Who Needs It?

Startups pivoting into new business lines
SMEs expanding into manufacturing, trading, exports, or consultancy
Corporates restructuring to include ancillary or global business activities
Investor-backed companies aligning with funding strategies