objects clause

A clause contained in the memorandum of association of a company setting out the objects for which the company has been formed. If the activities undertaken by a company are not included in the objects clause, the company is said to be acting beyond its powers, i.e. ultra vires

Accounting dictionary. 2014.

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  • objects clause — ➔ clause * * * objects clause UK US noun [C] UK LAW ► a part of a company s memorandum of association (= a legal document describing a new company) that states the aims of the company and the powers of the company directors: »The amendment of any …   Financial and business terms

  • objects clause — a clause or clauses in the memorandum of a company setting out the objects of the company. It is important in relation to what the company can and cannot do both as regard to the world and in relation to its shareholders. See ultra vires. Collins …   Law dictionary

  • Objects clause — An objects clause is a provision in a company s constitution stating the purpose and range of activities for which the company is carried on. In UK company law up until reforms in the Companies Act 1989 and the Companies Act 2006, an objects… …   Wikipedia

  • objects clause — A clause contained in the memorandum of association of a company setting out the objects for which the company has been formed. If the activities undertaken by a company are not included in the objects clause, the company is said to be acting… …   Big dictionary of business and management

  • clause — [klɔːz ǁ klɒːz] noun [countable] LAW COMMERCE a part of a written law, contract, or legal document that deals with a particular item or subject: • Clause 12 enables the Secretary of State to make orders to protect pension rights. asˈsignment… …   Financial and business terms

  • Content clause — In grammar, a content clause is a subordinate clause that provides content implied by, or commented upon by, its main clause. The term was coined by Otto Jespersen. There are two main kinds of content clauses: declarative content clauses (or that …   Wikipedia

  • Relative clause — A relative clause is a subordinate clause that modifies a noun. For example, the noun phrase the man who wasn t there contains the noun man , which is modified by the relative clause who wasn t there . In many languages, relative clauses are… …   Wikipedia

  • Necessary and Proper Clause — United States of America This article is part of the series: United States Constitution Original text of the Constitution Preamble Articles of the Constitution I · …   Wikipedia

  • Water Exclusion Clause — A restriction in a homeowner’s or renter’s insurance policy that denies coverage for certain water related claims. Types of water damage that are likely to fall under a water exclusion clause include damage caused by flood, tsunami,… …   Investment dictionary

  • Cotman v Brougham — Court House of Lords Citation(s) [1918] AC 514 Case opinions …   Wikipedia

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