object clause

This means companies no longer need to draft massive objects clauses.

The legal problems concerning objects clauses are now largely historical artifacts.

Historically, a company's memorandum of association contained an objects clause, which limited its capacity to act.

A charity's aims are usually expressed in the objects clause of its governing document.

The profits were distributed to charitable and cultural projects in accordance with the society's objects clause.

There is therefore a distinction between an organisation's aims and the words that appear in its objects clause.

Objects clauses were first seen in chartered corporations.

The objects clause of the memorandum of association is the most important, since it sets out the purposes for which the company was formed.

The general rule was that a company could lawfully do only that which fell within the scope of the objects clause.

A company might have an objects clause, for instance "to create software for, and maintain an online encyclopaedia".

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.

The important insight here is that wh-extraction out of object clauses and phrases is quite possible.

The limited company does not wish to change its objects clause in its Memorandum and Articles of Association.

The objects clause provided that:

In contrast, extraction out of object clauses is easily possible (if those clauses are not embedded under nouns).

In the case of companies, their objects are described in the objects clause of the memorandum of association.

Two further points arise from s. 110 of the Companies Act 1989 which relate to the breadth of the objects clause:

Furthermore, we have to add subject clauses, object clauses and predicative clauses.

Dependent object clause should be found before the verb, whereas relative or adjectival clauses appear to the right of the noun they modify.

The objects clause is of little relevance to the containment of conduct inspired by self-interested 'managerial' motives.

Companies were also significantly limited in the range of contracts they could bind themselves to under their objects clause, until reform in the Companies Act 1989.

Warrington LJ was sceptical that these objects clauses were intelligible to the public and wondered whether the registrar could refuse.

Directors who overstep an objects clause can be disqualified for it (see Re Samuel Sherman plc).

When the first limited companies were incorporated, the objects clause had to be widely drafted so as not to restrict the board of directors in their day to day trading.

The objects clause of a memorandum of association will normally be drafted in broad terms to enable the directors to have scope to manage the company as they see fit.