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111 2.6 Alteration to the objects clause

Objectives

By the end of this sub unit, you should be able to:

1. Explain the sections of the Act that provide for a company to change its object clause.

2. Describe the procedures for a company to change its objects clause.

 

Introduction

Generally, the objects clause lists the activities which the company can do in carrying out its business. The objects clause can be changed or amended by a special resolution. A company may change its objects clause as long as the clause does not involve any illegal activities.

License

2.6 Alteration to the objects clause Copyright © 2011 by Wawasan Open University. All Rights Reserved.

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