To change a company's objects, the board approves the proposal and calls a general meeting, shareholders pass a special resolution under Section 13 of the Companies Act, 2013, and the company files MGT-14 with the altered MoA within 30 days. The change takes effect when the ROC registers it.
When to change objects
- Entering a new line of business
- Regulatory licences requiring specific objects
- Removing outdated activities
Process
- Board meeting approving the alteration and calling an EGM.
- Send notice with explanatory statement.
- Pass a special resolution at the EGM.
- File MGT-14 with the altered MoA.
Name implications
If the company name reflects old objects, a name change may also be needed to avoid misleading the public.
Short on time? Leegal can handle Change in Object Clause for you, end to end.
Get expert help →Special cases
Companies that raised public money through a prospectus and have unutilised funds must follow additional requirements, including exit opportunity for dissenting shareholders.
Frequently asked questions
Can a private company change objects by postal ballot?
Private companies generally pass the special resolution at a general meeting. Postal ballot rules apply mainly to listed and larger companies.
How long does object change take?
After the resolution, MGT-14 approval usually takes a few working days.
Is GST registration affected?
Update business activities and HSN or SAC codes on the GST portal if the new objects change what you supply.
Can objects be unlimited?
Objects should be specific enough for regulators and banks. Overly broad clauses may attract ROC queries.
Let Leegal handle your Change in Object Clause
Documentation, filing and follow-up by a dedicated expert, so you can focus on running your business.
- Dedicated point of contact
- Transparent pricing
- Pan-India service