Question

The Articles of the company stated that Mr. Z would be the financial advisor of the company. The company in itsgeneral meeting passed a resolution to appoint Mr. Y in place of Mr. Z as the financial advisor of the company by altering its Articles of Association. Explain with reasons whether the company can do so. Also mention the procedure for altering the Articles of Association according to companies Act, 2013.

Answer 1

Answer:

The Board of directors of the said company desire to ... i) Alter its Articles of Association under section 14 of the Act, ... Advisor of the company, was designated as Chief ...

Explanation:

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