restrictions on alteration of articles of association


Its play a vital role in company management affairs. Related Questions. The memorandum shall prevail in the event of a conflict between alteration and memorandum. To obtain the registration of a company an application has to be filed with the Registrar of Companies. The altered articles will bind the members in the same way as did the original articles. They should not lead to rapture of contract with any parties. 2. The can be alteration of the Articles but that should not permit anything illegal. ADVERTISEMENTS: These are as follows: 1.

Articles can be altered only by a special resolution. Once its pass it will be applicable to all members. 03325063036 . Assent principle will be applicable if no special resolution passed with conduction general meeting (when all members are agreed to alter) Importance of Article of Association. Image Source: cdn.indiafilings.com. The proposed alteration should not contravene the provisions of the Companies Act. Restrictions on Alteration of the Articles of Association. Articles of Association And Alteration of Articles. Articles of association may be altered by a company by passing a special resolution to that effect. However, there are certain limitations or restrictions on the power of the company to alter its articles of association. Articles of Association, if necessary and 3. Alteration of Articles: Companies have wide powers to alter their articles. They should be for the betterment of the company. Articles can never be altered by an ordinary resolution even if they provide for such a procedure. There are certain limitations subject to which a company can exercise the power to alter its articles, which are as follows: Powers given by the memorandum shall not be exceeded by the alteration. Alteration of Articles of Association. 2.

The following are the regulations regarding alteration of articles: 1. The application must be accompanied by the following documents, 1. Wiki User 2012-04-16 18:04:25. AOA can be altered with the special resolution of members. What statutory restrictions are imposed on the alteration of articles of association of a company? Any restriction on the exercise of their powers will be invalid. Memorandum of Association 2. Pata nahi. Alteration of Article of Association.