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Hopeful, a private limited company has adopted Table A as its Articles of Association. The company now, wishes to alter the Articles of Association. ...

Hopeful, a private limited company has adopted Table A as its Articles of Association. The company now, wishes to alter the Articles of Association.

Outline the procedure to be followed to effect the change.

Answers

- Under Section 13 (1) of the Companies Act, a company may by special resolution alter the provision of its articles.
- The altered article is as valid as if originally embodied in the articles and is alterable by special resolution.
- An extra ordinary general meeting of the company must be convened.
- Members must by special resolution authorize the alteration.
- A copy of the resolution must be delivered to the registrar for registration within 30 days of its passing.
- The alteration take effect on registration.

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marto answered the question on February 5, 2019 at 11:38

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