A company altered the objects clause of its Memorandum of Association according to the procedure laid down by law, i.e. by passing a special resolution. A copy of the resolution was filled with the Registrar 4 months after the passing of the resolution. Can the Registrar register the alteration? Give reasons. When and how MOA may be altered?
Answers
Answer:
Alteration of Objects Clause of Memorandum of Association of a Company
In accordance with the provisions of Section 13(1) of the Companies Act, 2013, a company may, by a special resolution and after complying with the procedure specified in this section, alter the provisions of its memorandum.
Key Considerations:
Object Clause of Memorandum of Association of a Company can be altered by passing special resolution and complying with other prescribed conditions.
Following companies are required to pass special resolution for alteration of Object clause of Memorandum of Association by means of Postal Ballot only:
All Companies having more than 200 members. [Section 110 read with Rule 22 of Companies (Management and Administration) Rules, 2014
Company which has raised money from public through prospectus and still has any unutilized amount out of the money so raised. [Section 13(8)];
Explanation:
plaeseee follow me and make my answer as brainlest