What is Change Company Object ?
The objects mentioned in the MOA of a company is of great importance, and this clause determines the very purpose of the company. The objective of the company as drafted in the object clause is a boundary of its operation regarding what activities the company can perform. Any act of the company beyond what is mentioned or part of the object clause is ultra vires and thus void. To change the object clause of the Moa, the company shall pass a special resolution and file the copy of the said special resolution to the ROC.