The Memorandum of Association (MOA) of the Company consist the clauses like name Clause, Objective Clause, Registered office Clause, Liability Clause, Share Capital Clause. After the incorporation, the company can alter any of the clauses of Memorandum of Association at any time for whatsoever reason.
The object clause defines the main business activity of the Company. It determines the purpose and scope of activities for which the company operates. The actions undertaken by any company are required to be within bounds of its object clause. The shareholders decide the objects for which the company is formed. If there are changes to be made to the objects during the course of operations, shareholder approval and MCA approval would be required.