Sample Main object clause of memorandum of Builder/developer/real estate company
- 12/09/2020
- Posted by: admin
- Categories: Company Law, Memorandum Main objects
1.To purchase, acquire, take on lease or in exchange or in any other lawful manner any area, land, building, flats, offices, structures and to turn the same into account, develop the same and dispose of or maintain the same and to build townships, markets or other buildings residential and commercial or conveniences thereon.
2. To sale or otherwise dispose certain lands, houses, buildings and hereditaments, known as the Estate or otherwise and to acquire by purchase, exchange or otherwise either for and estate in fee simple or for any less estate, whether immediate or reversionary, and whether vested or contingent, any other lands tenements and hereditaments of any tenure, whether subject or
to any charges or in cumbrances and to hold or to sell, let alienate, mortgage, charge or otherwise deal with all or any such lands, tenements or hereditaments.
3. To carry on the business as developers and commission agent and for that purpose to purchase, acquire, own process, buy, sell, re-sell and to traffic in land structures and estates other immovable properties and to develop co-operatives, housing schemes, township.
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