When a company is incorporated, the objectives of business are defined in the main object clause of MOA. The objectives prescribed in the MoA define the scope of company’s principal business activities, within which it may operate. A company must have to undertake the activities, which are prescribed in the MoA only. While planning for an expansion or strategic changes, companies may require to undertake new activities or update business activity in MoA, which can be made through the consent of shareholders of the company and approval for the same by Ministry of Corporate Affairs.