When particularly talking about the company, the business objectives are defined in the main object clause of MoA. These objectives define the scope of the company’s principal business activities within which it may operate. A company cannot undertake those activities, which are not prescribed in its object clause.
With reason of expansion or strategic changes, a company may require to undertake new activities or update business activity in MoA. This change in object clause of MoA is possible after consent of shareholders and the approval from Ministry.