Entry from British & World English dictionary
Definition of objects clause in English:
A clause in a memorandum of association specifying the objects for which the company was established.
- Under the 1981 Act, the Minister of Finance can regulate the business activities of all Bermuda companies, both exempted and local, by controlling the objects clauses available to them.
- In practice, most companies will adopt widely drawn objects clauses, giving the company capacity to do all the things it anticipates doing and many things it does not.
- It was submitted that a repayment to the employer could not be consistent with the main objects clause.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.