a) Describe the procedure for alteration of the objects clause of acompany.
b) What is the purpose of a prospectus? Enumerate some of the particulars which are required to be included in a prospectus. 

Procedure for Alteration of the Objects Clause of a Company:

In company law, the objects clause of a company's memorandum of association delineates the specific purposes for which the company is formed and operates. Altering this clause involves a formal process governed by legal provisions to ensure transparency and protect stakeholders' interests. Below is a comprehensive outline of the procedure for the alteration of the objects clause of a company:

1. Board Resolution or Special Resolution: The process typically begins with the board of directors proposing the alteration of the objects clause. They may pass a resolution in a board meeting to initiate the process. Alternatively, if the alteration requires shareholder approval, a special resolution passed by the shareholders is necessary.

2. Drafting a Special Resolution: If shareholder approval is required, the board or management drafts a special resolution outlining the proposed alteration to the objects clause. This resolution must be clear and specific about the changes sought.

3. Notice to Shareholders: A notice convening an extraordinary general meeting (EGM) is sent to all shareholders, along with the proposed special resolution and explanatory statement detailing the reasons for the alteration. The notice period and other procedural requirements are governed by company law and the company's articles of association.

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