Question

Mark out the type of alteration that is permitted in the articles of association​

Answer 1

Explanation:

In accordance with Section 14 of the Companies Act, 2013, a company may alter its articles mentioned in its AOA by passing a special resolution. The alteration done in the AOA of a company must be filed with the Registrar with a printed copy of the articles within 15 days

Answer 2

There are the following type of alterations that is permitted in Articles of Association  of the Companies:

1. Addition of the new clause
2. Deletion of the existing clause
3. Modification of the existing clause
4. Substitution of new close with the existing one

• Section 14 of the Companies Act, 2013 deals with the Alteration of the Articles of Association of the Company.
• The process have to be followed to alter the articles of association of the Company:

1. Sent a Board Meeting Notice at least 7 days before the meeting.
2. Convene the Board Meeting and pass Board Resolution.
3. Sent a 21 days clear notice to members for general meeting.
4. Convene General Meeting and pass Special Resolution to alter the articles of association.
5. File MGT- 14 with the Registrar of Companies within 30 days of passing the special resolution.

• Each and every alteration made to the articles should be made in every copy of the Articles of Association of the Company.

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