Object clause of a business in MOA of a company defines the objective of the company. It defines the main business activity that company will be carrying on. It specifies the core area of the activity of business. It also includes objects that are necessary for the furtherance of the business.

Change in object clause can be done by alteration of Memorandum of Association of the company. To alter any clause in Memorandum of Association it is required to get the approval of members of the company by way of special resolution.

The name of a private limited company may have to be changed for a number of reasons including change of objective of the business, change of management, rebranding, etc., The name of a private limited company can be changed at anytime with the approval of the shareholders and Ministry of Corporate Affairs (MCA).

The name adopted by a private limited company during incorporation can be changed later. To change the name of a private limited company, the consent of the shareholders through a special resolution and MCA approval are required. The change of name of a private limited company has no impact on its legal entity or its existence as a corporate entity. The change of name of a company will not create a new company or new entity. Therefore, the change of company name shall NOT:

1. Affect any rights or obligations of the company

2. Render defective any legal proceedings by or against the company

3. Not affect any legal proceedings by or against the company and pending in the old name; they may continue in the old name.