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A clause in a memorandum of association specifying the objects for which the company was established.
- ‘Under the 1981 Act, the Minister of Finance can regulate the business activities of all Bermuda companies, both exempted and local, by controlling the objects clauses available to them.’
- ‘In practice, most companies will adopt widely drawn objects clauses, giving the company capacity to do all the things it anticipates doing and many things it does not.’
- ‘It was submitted that a repayment to the employer could not be consistent with the main objects clause.’
- ‘The objects clause to the new part VII of this bill gives recognition to certain rights by specifying a number of such rights that should be observed in any agreements or decisions concerning children.’
- ‘The objects clause also explains that the idea behind the bill is to allow the Government to get smarter about whom it selects as residents.’
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