Prior permission from sectoral regulators required before a company may pursue objects, with declaration at incorporation. The amendment requires that where pursuit of any company object demands registration or approval from sectoral regulators, such registration or approval must be obtained before pursuing the object and a declaration to that effect must be submitted at incorporation. It replaces certain incorporation forms with versions reiterating restrictions on profit distribution, permissible payments, auditor and accounting requirements, registrar approval for constitutional alterations, and constraints on amalgamation and dissolution for not for profit companies, while omitting a specified form.