objects clause

objects clause

a clause or clauses in the memorandum of a company setting out the objects of the company. It is important in relation to what the company can and cannot do both in regard to the world and in relation to its shareholders. See ULTRA VIRES.
References in periodicals archive ?
Details of other permissible business activities of the Company are as contained in the objects clause of the Memorandum of Association of the Company, the spokesman said.
The company has revealed in a statement filed with the BSE that the McDowell Holdings Board has given approval to the proposal of the Alteration of the Main Objects Clause of the Memorandum of Association to facilitate the company initiate trading operations.
commence consultations on a new objects clause for the Patents Act, and