Description
A Company in order to expand after incorporation of a Company may change the object clause. A Company can alter its object clause either by way of addition, deletion, substitution, modification or in any other way, only if it wants.
What is alteration object?
The object clause of the Company is the third clause of memorandum of association of any Company stating the objects i.e. the business/purpose for which the Company is incorporated and any other matter considered necessary in furtherance there of.
In most form leases there is a provision similar to Clause 3 of the Real Estate Board form lease known as the “alterations and improvements’ clause.” Although they vary in detail, the essential part of the clause provides that “all alterations — installations and additions or improvements upon demised premises made by …
A Company in order to expand after incorporation of a Company may change the object clause. A Company can alter its object clause either by way of addition, deletion, substitution, modification or in any other way, only if it wants.
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