FreeComplianceHow to write the object clause of your MOA
The object clause in your MOA says what the company is formed to do. Banks, investors, licensing authorities and the Registrar all read it. A clear, focused clause gets approved faster and causes fewer problems later.
Principles
- Lead with your actual main business in one or two specific sentences.
- Add closely related activities you may reasonably do within a few years.
- Match the activity to the NIC code chosen in SPICe+.
- Avoid listing unrelated industries "just in case". It invites queries.
- Avoid regulated activities (banking, insurance, chit funds, NBFC lending, investment advice) unless you will get the licence.
Example
For a software startup:
That single paragraph covers product, services and geography without straying into unrelated activities.
Matters necessary for furtherance
The MOA also has a section of incidental objects that support the main one, such as borrowing, buying property and entering into partnerships. These are standard and do not need to be customised.
Frequently asked questions
This guide is general information, not legal advice. Government fees and procedures change; confirm current figures before you file.
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