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.
Collins Dictionary of Law © W.J. Stewart, 2006
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 'Objects Clause' should clearly define its purpose/s.***