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- This clause states the objective with which the company is formed.
- It is the most important clause of the Memorandum of Association.
- The clause defines the scope and limitations of the activities of the company.
- The objects must be clearly defined keeping in mind the following conditions.
- The objects of the company must be legal.
- The objects should not be against the provisions of any law.
- The objects must not be immoral.
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