May 7, 2023

a prospectus is any advertisement, circular, or document that invites public deposits or offers to subscribe or purchase any shares or debentures

The number of shares held by each member and the extent to which the shares have been paid up. Each share should be distinguished by its appropriate number.

Winding-up of a company is a process of putting an end to the life of a company. It is a proceeding by means of which a company is dissolved .

Those then are the reasons which explain the necessity of an object clause. The same reasons require that the company should devote itself only to the objects set out