Registering Additional Objectives
A company must specify its business objectives when it is incorporated. If its activities expand or change, the registered objectives may need to be updated to reflect the business it carries out.
Company Objectives Amendment Services
After operating for some time, if you wish to expand the business or change its business model beyond the objectives previously notified to the Department of Business Development (DBD), you must register additional objectives, a change of objectives or an amendment of objectives with the Department of Business Development. However, a shareholders’ meeting must be held to pass a resolution amending Clause 3 (objectives) of the Memorandum of Association.
Steps to Register Additional Objectives
- Issue a notice of the shareholders’ meeting
- Send the notice of meeting by registered mail with return receipt to every shareholder no less than 14 days before the meeting date, stating that the meeting will consider amending the company’s objectives (since 7 February 2023, a newspaper notice is no longer required, unless the company has issued bearer share certificates or its Articles of Association require it)
- Hold the shareholders’ meeting. Amending the objectives requires a special resolution, that is, no less than 3/4 of the votes of the shareholders attending the meeting and entitled to vote.
- Prepare the documents and have the authorised director file the application to register additional objectives or a change of objectives with the Department of Business Development
Interested in amending the share value?
Documents for Registering Additional Objectives
- Application form to register additional or changed objectives
- The objectives to be added or newly amended
- Copy of the ID card of the authorised director
- Company documents
- Power of attorney, if another person is assigned to file the registration on your behalf
Additional Objectives Registration Service
Any business operator or company wishing to use our additional objectives registration service, for convenience, speed and accurate information, may contact us at 094-864-9799. We are pleased to provide advice and to help resolve problems for our clients. We also offer other services that may be of interest to you, such as capital increase registration.
Service Inquiries
Interested in our additional objectives registration service? Contact our registration team at 094 864 9799 or LINE ID @greenproksp