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objects clause Line breaks: ob|jects clause

Definition of objects clause in English:


A clause in a memorandum of association specifying the objects for which the company was established.
Example sentences
  • 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.

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