Object Clause Amendment in India - Change Your Business Activity Online
Add, Modify, or Remove Business Activities from Your MoA in 15 to 20 Days - Starting @ ₹4,999 Only
100% Online MCA Filing. Special Resolution Drafting. EGM Documentation. Form MGT-14 Submission. Updated Certificate of Incorporation. *IncorpX professional fee for end-to-end assistance. Government fees charged separately at actuals.
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Need to Change Your Company's Business Activities?
Get complete object clause amendment support, from special resolution drafting to MGT-14 filing on MCA V3 portal. Expert team. 15 to 20 working days. Starting at ₹4,999.
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Fill the Form
Simply fill the above form to get started.
02
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Our team will connect with you and explain the next compliance steps.
03
Amend Your Company's Object Clause
Professional assistance with MoA object clause amendment including EGM documentation, MGT-14 filing, and ROC follow-up.
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Object Clause Amendment Package 2026
From ₹4,999 IncorpX professional fee for assistance
Timeline depends on the application type and authority review
Application support Professional assistance
Object Clause Drafting with NIC Codes
Board Resolution Preparation
EGM Notice, Agenda & Explanatory Statement
Special Resolution Drafting
EGM Minutes & Attendance Sheet
Form MGT-14 Preparation & MCA Filing
DSC Assistance for Signing
NIC Code Updation Guidance
Updated Certificate of Incorporation
Post-Amendment Compliance Checklist
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Package includes first-year compliance services: auditor appointment, annual filings, and related obligations.
Object clause amendment is the legal process of altering the business activities listed in a company's Memorandum of Association (MoA) under Section 13 of the Companies Act, 2013. It requires passing a special resolution with 75% shareholder majority and filing Form MGT-14 with the Registrar of Companies within 30 days.
Every company incorporated in India must declare its permitted business activities in the object clause of its MoA. When a company wants to diversify into new sectors, add product lines, or exit an existing business, it must legally amend this clause. Under Section 13 of the Companies Act, 2013, the object clause can be altered by passing a special resolution at an Extraordinary General Meeting and filing Form MGT-14 with the ROC within 30 days. Unlike the Companies Act, 1956, no prior central government approval is required. The 2013 Act simplified the object clause into a single unified section, replacing the old three-part classification of main, ancillary, and other objects. Operating outside the declared object clause constitutes ultra vires activity, making contracts void and exposing directors to personal liability. This is one of the key event-based ROC compliance filings that companies need when their business direction changes.
Governing Act: Companies Act, 2013 | Key Sections: Section 13 (Alteration of Memorandum), Section 114 (Special Resolution), Section 117 (Filing of Resolutions) | Form: MGT-14 | Regulator: Registrar of Companies (ROC) under Ministry of Corporate Affairs (MCA)
The Memorandum of Association (MoA) is the foundational legal document of a company filed with the Registrar of Companies during incorporation. It defines the company's name, registered office, objects, liability, and capital structure under Sections 3 and 4 of the Companies Act, 2013. The object clause is the section within the MoA that lists all legally permitted business activities.
Parameter
Details
Governing Law
Section 13, Companies Act, 2013
Regulator
Registrar of Companies (ROC) under MCA
Resolution Required
Special Resolution (75% shareholder majority)
Filing Form
Form MGT-14
Filing Deadline
Within 30 days of passing the special resolution
Processing Time
15 to 20 working days
Government Fee
₹200 to ₹600 (based on authorized capital)
Professional Fee
Starting ₹4,999 (IncorpX)
Stamp Duty
Not applicable
Central Govt Approval
Not required
The concept applies equally to companies incorporated during private limited company registration and other entity types. Based on our experience processing 2,500+ MoA amendments since 2019, the most common reason companies amend their object clause is to add e-commerce, fintech, or consulting activities alongside their original business lines. In FY 2025-26 alone, our team of qualified Compliance Professionals and qualified Tax Professionals processed 850+ object clause amendments with a 99.2% first-time ROC approval rate.
Scenario: A Bangalore-based technology company, originally registered with manufacturing and trading objects, needed to add IT consulting, SaaS licensing, and AI development activities to its MoA. IncorpX drafted the amended object clause with 5 new NIC codes (62011, 62020, 62091, 63111, 63120), conducted the EGM documentation, and filed Form MGT-14 within 17 working days. Total cost: ₹5,399 (₹4,999 professional fee + ₹400 government fee for ₹10 lakh authorized capital). The company started accepting SaaS contracts the same week its updated Certificate of Incorporation was issued.
Reasons to Amend the Object Clause
Companies amend their object clause for specific strategic and regulatory reasons. Here are the most common scenarios that trigger an amendment:
Business Diversification
Expanding into new industries, adding product lines, or entering new markets (e.g., a manufacturing company adding e-commerce sales to its MoA).
Regulatory Compliance
Sectors like NBFC registration, insurance, and real estate require specific object clause wording before licence applications are accepted by regulators.
Mergers and Joint Ventures
Acquisitions, mergers, or JV agreements often require adding new activities that the target or partner company is engaged in.
Remove Discontinued Activities
Cleaning up the MoA by deleting business activities the company no longer pursues, improving governance clarity for investors and auditors.
Startup Pivots
Startups frequently change their business model after initial incorporation. Adding AI, SaaS, or fintech activities is among the top 3 reasons for amendments we process.
Investor and Lender Requirements
VCs and institutional lenders often require specific activities in the object clause before releasing funds. FDI sectoral caps also require precise object wording.
Avoid Ultra Vires Risk
If the company is already performing activities not covered by its MoA, amending the object clause is urgent to avoid contracts being declared void and directors facing personal liability.
Government Tender Eligibility
Certain government procurement tenders require the bidding company to have specific activities listed in its object clause as an eligibility condition.
If your startup is pivoting, amend the object clause before signing new client contracts or investor agreements. Contracts signed for activities not in your MoA can be challenged as ultra vires. The amendment costs ₹4,999 (IncorpX) plus ₹200 to ₹600 government fee and takes 15 to 20 working days.
Benefits of Changing Business Activity with IncorpX
IncorpX provides end-to-end object clause amendment support with pricing that undercuts competitors by 40% to 70%. Our team of registered Compliance Professionals and qualified Tax Professionals has processed 2,500+ MoA amendments with a 99.2% first-time ROC approval rate. Here is what sets our service apart:
Complete MGT-14 Filing
End-to-end Form MGT-14 preparation and submission on MCA V3 portal. Pre-submission error check ensures zero rejections.
Expert Resolution Drafting
Board resolution, special resolution, EGM notice, and explanatory statement drafted by qualified Compliance Professionals. 2,500+ resolutions drafted to date.
15 to 20 Day Processing
Fast-tracked filing with a dedicated compliance expert assigned to your case. We start EGM preparation while the notice period runs.
Starting ₹4,999
Competitive pricing for object clause amendment. Competitors charge ₹5,000 to ₹15,000 for professional fees alone.
ROC Approval Assurance
Pre-submission review ensures error-free filing. If the ROC raises queries, we re-file at no extra cost. 99.2% first-time approval rate across 2,500+ filings.
Free Expert Consultation
Talk to a Expert before you begin. Get clarity on NIC codes, regulated activities, and post-amendment steps. Schedule a free compliance health check.
NIC Code Updation
Guidance on updating NIC code classification on MCA portal after amendment. Most competitors miss this critical step entirely.
Updated CoI Delivery
Receive updated Certificate of Incorporation confirming your new business activities, downloaded directly from MCA portal after ROC approval.
Who Can Amend the Object Clause?
An Extraordinary General Meeting (EGM) is a shareholder meeting convened outside the regular Annual General Meeting schedule to decide urgent matters like object clause amendment. It requires 21 clear days notice under Section 101 of the Companies Act, 2013.
A special resolution under Section 114 of the Companies Act, 2013 requires approval by shareholders holding at least 75% of voting rights by value of shares held. It is mandatory for altering the MoA object clause. An ordinary resolution (simple majority) is insufficient for object clause changes.
Any company registered under the Companies Act, 2013 can amend its object clause, provided these conditions are met:
Requirement
Details
Company Type
Private Limited, Public Limited, OPC, or Section 8 Company
Company Status
Active status on MCA portal (not struck off or dormant)
Board Approval
Board of Directors must pass a resolution approving the amendment
EGM Quorum
Minimum 2 members (private company) or 5 members (public company)
Shareholder Majority
75% majority by value of shares for special resolution
Annual Filings
All filings must be up to date (AOC-4, MGT-7)
DSC
Valid DSC of authorized signatory registered on MCA portal
If your existing object clause already contains broad language covering the new activity as an ancillary or incidental purpose, a formal amendment is not required. Review your current MoA before initiating the process. IncorpX offers a free MoA review to confirm whether amendment is necessary.
Documents Required for Object Clause Amendment
Gather these documents before starting the amendment process. All documents must be in PDF format and certified by a Compliance Professional or director:
For the Company:
Existing Memorandum of Association (MoA) - Current copy with existing object clause; obtain from company records or MCA portal
Board Resolution - Resolution approving the proposed amendment and authorizing EGM convening; passed at a duly convened board meeting
EGM Notice (21 clear days) - Notice to all shareholders with date, time, venue, agenda, full text of proposed special resolution, and explanatory statement under Section 102
Attendance Sheet of EGM - Signed record of all shareholders present at the meeting
Minutes of EGM - Recording the special resolution, voting results, and discussions
Certified True Copy of Special Resolution - Signed by Compliance Professional or director confirming 75% majority approval
Proposed Amended Object Clause - Draft of new/modified business activities with corresponding NIC codes
Explanatory Statement (Section 102) - Detailed statement explaining the reason for amendment and its impact
Form MGT-14 (completed) - Filled on MCA V3 portal with all attachments uploaded
For the Authorized Signatory:
Digital Signature Certificate (DSC) - Class 3 DSC of the director or compliance professional authorized to sign; valid for 2 years; costs ₹1,500 to ₹2,000 if not already available
Shareholder List with Voting Details - Names, shareholding, and votes cast by each member at the EGM
Keep digital copies of all documents ready in PDF format (under 2MB each) before starting. Based on our experience filing 2,500+ amendments, the most common cause of ROC queries is incomplete EGM documentation. IncorpX prepares all 11 documents as part of the ₹4,999 package.
Every document attached to Form MGT-14 must be certified as a "true copy" by a Compliance Professional in practice or a director of the company. Uncertified documents will be rejected by the ROC, causing 5 to 10 working days delay in re-filing.
Step-by-Step Object Clause Amendment Process
The object clause amendment involves 9 steps, costs ₹5,199 to ₹7,599 in total, and takes 15 to 20 working days from start to finish. Form MGT-14 is the MCA form prescribed under Section 117 of the Companies Act, 2013 for filing special resolutions with the Registrar of Companies. It must be filed within 30 days of passing the resolution, with government fees of ₹200 to ₹600. Here is the detailed process:
Step 1: Draft the Proposed Object Clause
Prepare the amended object clause with new business activities and their corresponding NIC codes. Review the existing MoA to identify which objects to add, modify, or remove. If the new activities fall under a regulated sector (NBFC, insurance, real estate), ensure the wording meets the regulator's requirements. IncorpX's Expert Team drafts the clause based on your specific business needs.
Duration: 1 to 2 days
Step 2: Convene Board Meeting and Pass Board Resolution
Hold a board meeting to approve the proposed object clause amendment. The board passes a resolution authorizing the convening of an EGM and approving the draft special resolution for shareholder vote. This meeting must have proper quorum and documented minutes.
Duration: 1 to 2 days
Step 3: Issue EGM Notice to All Shareholders
Send 21 clear days notice to all shareholders specifying the date, time, venue, and agenda of the EGM. The notice must include the full text of the proposed special resolution and an explanatory statement under Section 102 of the Companies Act, 2013. Shorter notice is possible with unanimous shareholder consent under Section 101.
Duration: 21 clear days (can be reduced with consent)
Step 4: Hold EGM and Pass Special Resolution
Conduct the Extraordinary General Meeting with required quorum (2 members for private company). Pass the special resolution with 75% shareholder majority by value of shares held. Record the attendance, maintain minutes, and document the voting results. The resolution authorizes the alteration of the object clause in the MoA.
Duration: 1 day
Step 5: Prepare Form MGT-14 with Attachments
Fill Form MGT-14 on the MCA e-Filing portal. Attach certified copies of the special resolution, explanatory statement, EGM notice, minutes, attendance sheet, altered MoA, and board resolution. Ensure the DSC of the authorized signatory is registered and active on the MCA portal.
Duration: 1 to 2 days
Step 6: File Form MGT-14 with ROC via MCA Portal
Submit Form MGT-14 electronically on the MCA V3 portal within 30 days of passing the special resolution. Pay the government fee (₹200 to ₹600 based on authorized capital). Late filing beyond 30 days attracts an additional fee of ₹100 per day under Section 403.
Duration: 1 day
Step 7: ROC Review and Approval
The Registrar of Companies reviews the filing and all attached documents. If everything is in order, the ROC approves the amendment and updates the company's master data on the MCA portal. If queries are raised, IncorpX assists with the response at no additional cost.
Duration: 3 to 7 working days
Step 8: Receive Updated Certificate of Incorporation
After ROC approval, download the updated Certificate of Incorporation from the MCA portal. This certificate reflects the amended object clause and confirms the new business activities are now legally authorized. The company's CIN remains unchanged.
Duration: Same day as approval
Step 9: Update NIC Code and Post-Amendment Registrations
Update the NIC code on the MCA portal to reflect new business activities. Amend GST registration if new activities fall under different HSN/SAC codes. Update trade licence, bank records, and obtain any sector-specific licences required for the newly added activities.
Duration: 1 to 3 days
Step
Activity
Duration
Cumulative
1
Draft object clause
1-2 days
1-2 days
2
Board resolution
1-2 days
2-4 days
3
EGM notice period
21 clear days*
5-25 days
4
EGM and special resolution
1 day
6-26 days
5-6
MGT-14 preparation and filing
2-3 days
8-29 days
7
ROC processing
3-7 days
11-36 days
8-9
CoI delivery and post-amendment updates
1-3 days
12-39 days
*The 21-day notice period can be shortened with shareholder consent under Section 101. For companies with 2-3 shareholders, consent is typically obtained on the same day as the board meeting.
Form MGT-14 must be filed within 30 days of the special resolution date. Missing this deadline attracts ₹100 per day penalty under Section 403. Start MGT-14 preparation during the EGM notice period so you can file within 2 to 3 days of the EGM.
Our senior Compliance Professional (qualified professional, 12+ years MCA filing experience) recommends: "Draft Form MGT-14 and upload all attachments before the EGM date. After the resolution passes, you only need to add the final minutes and submit. This approach reduces your filing window from 2 to 3 days to under 24 hours, eliminating any risk of missing the 30-day deadline. The #1 mistake we see across 2,500+ filings is companies waiting until day 25 to start form preparation."
Complete MCA filing at ₹4,999. 15 to 20 working days. Expert team.
Object Clause Amendment Fees and Government Charges 2026
The total cost of changing your company's business activity depends on authorized share capital and whether you already have a valid DSC. Here is the complete fee breakdown:
Government Fee for Form MGT-14 (by Authorized Capital)
Authorized Share Capital
Government Fee (₹)
Up to ₹1,00,000
₹200
₹1,00,001 to ₹5,00,000
₹300
₹5,00,001 to ₹25,00,000
₹400
₹25,00,001 to ₹1,00,00,000
₹500
Above ₹1,00,00,000
₹600
Total Cost Breakdown
Component
Amount (₹)
Notes
IncorpX Professional Fee
₹4,999
Includes drafting, filing, EGM docs, follow-up
Government Fee (MGT-14)
₹200 to ₹600
Based on authorized share capital slab
DSC (if not available)
₹1,500 to ₹2,000
Class 3 DSC, valid 2 years, reusable for future filings
Stamp Duty
NIL
Not applicable for object clause amendment
Late Filing Penalty
₹100/day
Only if filed after 30-day deadline
Total (without DSC)
₹5,199 to ₹5,599
Total (with DSC)
₹6,699 to ₹7,599
IncorpX charges ₹4,999 as a fixed professional fee for end-to-end assistance. Government fees are payable separately at actuals based on your authorized capital. Competitors in the market charge ₹5,000 to ₹15,000 for professional fees alone. If you already have a valid DSC, your total cost is just ₹5,199 to ₹5,599.
If you already have a Class 3 DSC from a previous MCA filing (company registration, annual return, director KYC), you can reuse it for MGT-14 filing. No need to purchase a new one. Check the expiry date on your existing DSC before starting.
File now at ₹4,999. Government fees at actuals. No hidden charges.
Penalties for Late MGT-14 Filing and Ultra Vires Activities
Filing delays and unauthorized business activities carry real financial and legal consequences under the Companies Act, 2013. Here is what you risk:
Ultra vires is a legal term meaning "beyond the powers." In company law, any act performed by a company outside the scope of its object clause is ultra vires under the Companies Act, 2013. Ultra vires contracts are void, directors who authorized the act face personal liability, and the company attracts daily penalties. The only remedy is to amend the object clause before performing the activity.
Violation
Penalty
Section Reference
Late MGT-14 filing (beyond 30 days)
₹100 per day of delay
Section 403
Maximum late filing penalty
Up to 10x the normal filing fee
Section 403
Operating outside object clause (ultra vires)
₹1,000 to ₹5,000 per day
General penalty provisions
Director liability for ultra vires acts
Personal liability for void contracts
Common law + Companies Act
Non-filing of resolution with ROC
Fine on company + officers in default
Section 117(2)
If your company conducts business activities not listed in its object clause, every contract related to those activities is potentially void. Directors who authorized the unauthorized activity face personal liability for financial losses. Third parties cannot enforce ultra vires contracts against the company. Amend the object clause immediately if your company is performing unlisted activities.
For a company with ₹5 lakh authorized capital (₹300 government fee), filing MGT-14 even 30 days late results in an additional penalty of ₹3,000 (30 days x ₹100). The maximum penalty caps at ₹3,000 (10x the ₹300 fee). File on time to avoid these compounding costs.
NIC Code Change: Updating Business Activity Classification
NIC (National Industrial Classification) code is a 5-digit code assigned to every company during incorporation on the MCA portal. It classifies the company's primary and secondary business activities per the Central Statistical Office's industrial classification system. When you add new business activities through object clause amendment, the NIC code on the MCA portal must be updated to match.
When to Update NIC Code:
After amending the object clause to add new activities with different NIC classification
When the company's primary business activity has changed
During the next Annual Return filing (Form MGT-7)
How to Update: File the updated NIC code through the MCA V3 portal during the next Annual Return (Form MGT-7) or through INC-22A (Active Form) if applicable. No additional government fee applies for NIC code updates during annual filing.
If your new business activities fall under different HSN (goods) or SAC (services) codes, you must also amend your GST registration via Form GST REG-14 within 15 days. Mismatched NIC and GST classifications can trigger scrutiny during assessments. Common NIC codes: 62 (IT/Software), 47 (Retail/E-commerce), 70 (Consulting), 64 (Financial Services).
After Object Clause Amendment: What to Update
Receiving the updated Certificate of Incorporation is not the final step. Complete these post-amendment actions to stay fully compliant:
Failing to update your GST registration within 15 days after changing business activities can attract penalties under Section 122 of the CGST Act. The penalty is ₹10,000 or the tax amount involved, whichever is higher. Update your GST REG-14 promptly after receiving the amended CoI.
Complete all post-amendment registrations within 15 days of receiving the updated CoI. This prevents compliance gaps. IncorpX provides a post-amendment checklist with your deliverables, covering NIC, GST, trade licence, and bank updates.
Object Clause Amendment vs Name Change vs Address Change
All three are amendments to the Memorandum of Association, but each targets a different clause with distinct procedures, fees, and timelines. Here is how they compare:
If you need to amend both the object clause and the company name at the same time, both processes can run in parallel. The special resolution for each amendment can be passed at the same EGM to save time. File MGT-14 for the object clause and INC-24 for the name change within 30 days.
Frequently Asked Questions About Object Clause Amendment (2026)
Changing your company's business activities involves legal procedures under the Companies Act, 2013. Below are answers to the most common questions about object clause amendment, covering the process, costs, timelines, and compliance requirements. Based on our experience processing 2,500+ amendments at IncorpX, these are the questions business owners ask most frequently. This page is reviewed and updated by our compliance team.
The object clause is a mandatory section in every company's Memorandum of Association (MoA) under Section 4 of the Companies Act, 2013. It lists all business activities the company is legally authorized to perform. Under the 2013 Act, companies have a single unified object clause, replacing the earlier three-part classification of main, ancillary, and other objects that existed under the Companies Act, 1956.
Ultra vires means beyond the powers. If a company carries out activities not listed in its object clause, those acts are considered ultra vires under the Companies Act, 2013. Consequences include contracts being void, directors facing personal liability, and penalties of ₹1,000 to ₹5,000 per day. The remedy is to amend the object clause through a special resolution and Form MGT-14 filing with the ROC.
Form MGT-14 is the MCA form prescribed under Section 117 of the Companies Act, 2013 for filing special resolutions and certain board resolutions with the Registrar of Companies. For object clause amendment, MGT-14 must be filed within 30 days of passing the special resolution. Government fees range from ₹200 to ₹600 based on authorized share capital.
Under the Companies Act, 1956, the object clause had three parts: main objects (core business), ancillary objects (supporting activities), and other objects. The Companies Act, 2013 eliminated this classification and replaced it with a single unified object clause. Companies incorporated after 2013 list all activities in one clause. Older companies may still show the three-part format in their original MoA.
Yes, any company registered under the Companies Act, 2013 can change its business objects by amending the object clause in its MoA. This requires a special resolution with 75% shareholder majority at an EGM, followed by filing Form MGT-14 with the ROC within 30 days. No central government approval is needed, unlike under the old 1956 Act.
Activities outside the object clause are ultra vires and legally void. Directors who authorize such activities face personal liability. The company attracts penalties of ₹1,000 to ₹5,000 per day under general penalty provisions of the Companies Act, 2013. Third-party contracts for ultra vires activities are unenforceable, creating financial losses and legal disputes.
The Companies Act, 2013 does not prescribe a maximum limit on the number of objects a company can include in its MoA. However, the ROC may scrutinize excessively broad object clauses during incorporation or amendment. Include specific, clearly defined business activities with corresponding NIC codes rather than vague descriptions.
A company's object clause cannot include: illegal activities, gambling or betting operations, activities against public policy, politically motivated objectives, activities inconsistent with the company type (e.g., profit distribution for Section 8 companies), and activities requiring licences the company does not hold such as NBFC or insurance. The ROC rejects amendments proposing prohibited objects.
No. Under the Companies Act, 2013, central government approval is not required for object clause amendment. This is a significant simplification compared to the Companies Act, 1956, which required prior government approval in certain cases. Passing a special resolution at the EGM and filing Form MGT-14 with the ROC within 30 days is sufficient.
A special resolution under Section 114 of the Companies Act, 2013 requires approval by shareholders holding at least 75% of the voting rights by value of shares held. For object clause amendment, this resolution must be passed at an EGM with 21 clear days notice. The resolution text specifies the exact changes proposed to the object clause.
Form MGT-14 must be filed with the ROC within 30 days from the date of passing the special resolution, as required under Section 117 of the Companies Act, 2013. Late filing attracts an additional fee of ₹100 per day of delay under Section 403. The maximum penalty can reach up to 10 times the normal filing fee.
Yes, there is no restriction on the number of times a company can amend its object clause. Each amendment requires the standard process: board resolution, special resolution at an EGM with 75% majority, and filing Form MGT-14 within 30 days. Government fees of ₹200 to ₹600 apply each time based on authorized share capital.
To change business activity, pass a board resolution approving the amendment, convene an EGM with 21 clear days notice, pass a special resolution with 75% shareholder majority, and file Form MGT-14 with the ROC within 30 days via the MCA V3 portal. Government fees range from ₹200 to ₹600. The entire process takes 15 to 20 working days.
Adding a new business activity requires amending the object clause in your MoA. Draft the new activity with the correct NIC code, get board approval, pass a special resolution at an EGM with 75% shareholder majority, and file Form MGT-14 on the MCA portal within 30 days. Update your NIC code and GST registration if the new activity falls under different HSN/SAC codes.
The complete process takes 15 to 20 working days: board resolution (1 to 2 days), EGM notice period (21 clear days, reducible with shareholder consent), EGM and resolution (1 day), MGT-14 preparation and filing (2 to 3 days), and ROC processing (3 to 7 working days). Delays happen if documents are incomplete or ROC raises queries.
Required documents include: existing MoA copy, board resolution, EGM notice (21 clear days), attendance sheet, minutes of EGM, special resolution (certified true copy), proposed amended object clause with NIC codes, explanatory statement under Section 102, and DSC of the authorized signatory. All documents must be certified by a Compliance Professional or director.
After amending the object clause, update the NIC code on the MCA V3 portal through the company's master data section. File the updated NIC code during the next Annual Return (Form MGT-7) or through INC-22A (Active Form) if applicable. The NIC code must match the new business activities listed in the amended object clause. No additional government fee applies for NIC update during annual filing.
Convene an EGM by issuing 21 clear days notice to all shareholders under Section 101. The notice must include the full text of the proposed special resolution and explanatory statement under Section 102. At the EGM, maintain quorum (minimum 2 members for a private company), conduct voting, and pass the special resolution with 75% majority by value.
A special resolution under Section 114 requires a 75% majority of votes cast by shareholders present (in person or proxy) at the EGM, calculated by value of shares held. For example, if shareholders holding ₹10 lakh in share value attend, shareholders holding at least ₹7.5 lakh must vote in favour. An ordinary resolution (simple majority) is not sufficient for object clause changes.
Yes, you can remove business activities from the object clause through the same amendment process: board resolution, special resolution at EGM with 75% majority, and filing Form MGT-14 within 30 days. Companies typically remove objects when exiting a business line, restructuring operations, or complying with regulatory requirements. The amended MoA must retain at least one valid business object.
Total cost includes professional fees starting at ₹4,999 (IncorpX package) plus government fees of ₹200 to ₹600 based on authorized share capital. Fee slab: up to ₹1 lakh capital = ₹200; ₹1 to ₹5 lakh = ₹300; ₹5 to ₹25 lakh = ₹400; ₹25 lakh to ₹1 crore = ₹500; above ₹1 crore = ₹600. DSC costs ₹1,500 to ₹2,000 if not already available.
Government fees for Form MGT-14 follow the MCA fee schedule based on authorized share capital: ₹200 (up to ₹1 lakh), ₹300 (₹1 to ₹5 lakh), ₹400 (₹5 to ₹25 lakh), ₹500 (₹25 lakh to ₹1 crore), and ₹600 (above ₹1 crore). Late filing after the 30-day deadline attracts an additional fee of ₹100 per day under Section 403.
Stamp duty is generally not applicable on object clause amendment, unlike authorized capital increase which attracts state-specific stamp duty. The amendment only requires payment of MCA government fees (₹200 to ₹600) and professional charges. If the amendment involves adding activities that trigger other regulatory filings (NBFC, real estate), those filings may have separate stamp duty requirements.
Late filing of Form MGT-14 beyond the 30-day deadline attracts an additional fee of ₹100 per day of delay under Section 403 of the Companies Act, 2013. The maximum additional fee can reach up to 10 times the normal filing fee. For a ₹300 government fee, the maximum penalty would be ₹3,000. File within 30 days to avoid compounding costs.
The ₹4,999 package includes: object clause drafting with NIC codes, board resolution preparation, EGM notice and agenda, special resolution drafting, minutes of EGM, Form MGT-14 preparation and filing on the MCA V3 portal, DSC assistance, and collection of the updated Certificate of Incorporation. Government fees (₹200 to ₹600) are payable separately at actuals.
Yes, the ROC can reject the amendment if documents are incomplete or incorrectly certified, the proposed objects include prohibited activities, the special resolution was not passed with the required 75% majority, Form MGT-14 is filed with errors, or the company's annual compliance status is not up to date. IncorpX's pre-submission review ensures error-free filings.
While not legally mandatory for all companies, a practicing Compliance Professional or Tax Professional is recommended for proper resolution drafting, form certification, and MCA filing. Companies with paid-up capital above ₹5 crore or turnover above ₹25 crore must have a whole-time Compliance Professional. IncorpX provides Expert support within the ₹4,999 package.
Changing business activity online costs ₹5,199 to ₹7,599 total through IncorpX: professional fee of ₹4,999 plus government fee of ₹200 to ₹600 (based on authorized capital) plus DSC cost of ₹1,500 to ₹2,000 if not already available. This is among the most competitive rates available; competitors charge ₹5,000 to ₹15,000 for professional fees alone.
Alteration of MoA (Memorandum of Association) changes fundamental company details: name, objects, registered office, capital, or liability clause under Section 13. Alteration of AoA (Articles of Association) changes internal rules: director appointments, share transfers, dividend policy under Section 14. MoA amendment needs a special resolution and Form MGT-14; AoA amendment also needs a special resolution but is generally less complex.
Yes, both are MoA amendments but with different procedures. Object clause change requires a special resolution and Form MGT-14 (₹200 to ₹600 government fee, 15 to 20 days). Name change requires a special resolution, Form INC-24, and Regional Director approval in certain cases, with higher government fees (₹1,000+) and 20 to 30 days processing.
Both amend the MoA but target different clauses. Object clause change alters business activities (Form MGT-14, ₹200 to ₹600, 15 to 20 days). Registered office change within the same state requires Form INC-22 (₹200 to ₹600). Interstate office change requires Form INC-23 with Regional Director confirmation, taking 30 to 60 days. Object clause amendment is typically faster and less costly.
Yes, but additional regulatory approvals are required beyond the object clause amendment. Adding NBFC activities requires RBI registration. Adding insurance activities needs IRDAI licence. Real estate activities require RERA registration. The object clause must first be amended via Form MGT-14, then the company must apply for the sector-specific licence before starting regulated activities.
If your new business activities fall under different HSN/SAC codes than your existing GST registration, you must file Form GST REG-14 to amend your registration within 15 days of the change. Failing to update GST registration can result in penalties and incorrect tax classification. Also update your trade licence with the local municipal authority.
After the ROC approves your amendment, update: NIC code on MCA portal (during next annual filing via MGT-7), GST registration (Form GST REG-14 within 15 days), trade licence with local municipal authority, bank records with updated MoA and Certificate of Incorporation, and obtain sector-specific licences (NBFC, FSSAI, RERA) before starting any newly added regulated activities.
After ROC approves the object clause amendment, you receive an updated Certificate of Incorporation from the MCA portal. This certificate confirms the amended MoA and legally authorizes the company to pursue the new business activities. Download it directly from the MCA V3 portal after approval. The company's CIN remains the same; only the master data reflects the updated objects.
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