Legislation & Policy Research Group

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Mission Statement

Debate and discussion of legislations passed, and policies adopted, are the crucial facets of democracy. These policies are reflected in statutes, bills and other related documents. This Blog seeks to re-look at policies from a fresh perspective. We seek to review and recommend or refute policies that have either come to be adopted, or are sought to be adopted by the State. Apart from these policy documents, legislations are also guided by judicial pronouncements. To this end, we will track ongoing or decided case laws that have the potential to change the policies on various subject matters by affecting the masses. Fortunately, an increasing wave of pro-active citizenry has resulted in a heightened focus on legal issues. However, there is a dearth of blogs that analyze policy questions on upcoming legislations and judicial decisions. We seek to contribute our fair share to this discussion by providing a platform to promote discussion of problems, ideas to remedy them and examine

Object clause under the Companies (Amendment) Bill, 2016

Recently, the Parliament introduced the Companies (Amendment) Bill, 2016 (Bill) to usher changes in the recently amended Companies Act, 2013 (Act of 2013). The Parliament seeks to make substantial changes in the pattern of trade and commerce in the country by liberalizing the procedures and requirements for running a company. Among the reforms proposed, one proposal is to do away with the need to have an ‘object clause’ in the Memorandum of Association (MOA). This article investigates the reasons behind this proposed amendment and the pros and cons it entails Section 4 (1) (c) of Act of 2013 lays down a requirement of drafting an object clause in the MOA which include the objectives behind the incorporation of a company and mandates every MOA to state “the objects for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof” . This was a departure from Section 13(d) of the Companies Act, 1956 (Act of 1956) which provided that ever

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Legislation & Policy Research Group

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