The objects for which the Company is established are as follows:

To provide a central body representative of the senior officers of the Merchant Navy for the purpose of developing and promoting by the methods hereinafter mentioned, the traditions and efficiency of the Merchant Navy.

To encourage and maintain a high and honorable standard of ability and professional conduct in the officers of the Merchant Navy.

To promote and maintain, in all respects, efficient and friendly co-operation between the Merchant Navy and the Indian Navy.

To collect, circulate, publish and distribute (gratuitously or otherwise) statistics, and other information relating to the Merchant Navy or Nautical Science.

To constitute a body of experienced seamen, who will be able to act as Members of, or to give evidence before any Government of India Commissions, or any courts of Inquiry, Committees or Boards of any description, or governing or examining or other bodies, official or otherwise, and who will be available for advice or consultation on all questions concerning or affecting the Merchant Navy, or judicial, commercial, scientific, educational or technical matters relating thereto.

To provide opportunities and facilities for the discussion and study of matters concerning or affecting the Merchant Navy, or sea craft, navigation or nautical science.

To provide a central consultative body of practical seamen, who will be available to the Government of India and to shipowners, seamen and the public, for information ad advise on all matters connected with the safety and preservations of ships, passengers, seamen and cargo.

To accept any gifts of property, whether subject to any special trusts or not for the promotion of the objects of the Company.

To undertake and execute any trust which may lawfully be undertaken by the Company and may be conducive to its objects.

To take such steps by personal or written appeals, public meetings or otherwise as may from time to time be declared expedient for procuring contributions or donations to enable the Company to carry out any of its objects which may require such assistance..

To print, publish and distribute any newspapers, periodicals, books or leaflets for the promotion of the objects of the Company.

To invest any moneys of the Company, not immediately required for any of its objects, in such sanction (if any) as may for the time being be prescribed by law.

To the extent allowed by law, to establish or support, or to aid in establishing or supporting or to affiliate any other corporation which exists for objects similar to those of the Company; and which by their constitutions prohibit the distribution of their profits or assets amongst their members to atleast the extent imposed by this Memorandum of Association, and the objects of which are charitable.

To provide in whole or in part for the maintenance of any necessitous Master Mariners and their dependants, and for the salaries, super-annuation or pensions of servants of the Company or their dependants.

To make Regulations for the good management of the affairs of the Company and for the promotion of its objects.

To undertake all such other lawful things as are incidental or conducive to the attainment of the above objects. Provided that the Company shall not support with its funds, or endeavor to impose on, or procure to be observed by its members or others, any regulation or restriction which, if an object of the Company, would make it a Trade Union.

The objects of the Company extend to the whole of India, United Kingdom and other Common wealth countries.