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How to alter company notice

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What does the term alteration mean as defined under section 23 of the Companies Act, 2013?

alter or alteration includes the making of additions, omissions and substitutions.

What is the alteration in memorandum of association?

If the company itself wants to change its name, then this alteration in the name clause of Memorandum will come under clause Section 13. Whereas for any kind of rectification in the name of the company, then the alteration will come under clause section 16 which requires approval from the Central Government.

What is company alteration?

A company can go for an alteration of its articles after its incorporation as may be necessary for its management. Section 14 of the Companies Act, 2013 contains the provisions for the alteration of the Articles of Association of a company.

What is the process of alteration?

To alter the Article of association of Company By giving Notice of at least 7 days. At the Board meeting, the given resolutions in respect of alteration in AOA must be passed. Get Approval to Alteration in Article of Association and recommending the proposal for members consideration by way of special resolution.

How moa and aoa can be altered?

Therefore, any clause in the AoA can be amended, provided it is done within the provisions stated in the Companies Act, 2013. Q. Can the MoA and AoA be altered in the same meeting? Yes, it is possible to call one meeting to alter both the Memorandum of Association and Articles of Association of a company.

How can a memorandum be altered?

Generally, since the Companies Act 2006 was introduced the memorandum of association cannot be altered and is a purely historical document. A memorandum of association is filed with Companies House along with the companys articles of association during the formation of a company.

What is alteration in company law?

Altering Share Capital Clause Such an alteration may include the following; Increase the authorized share capital of the company; Increase or decrease the amount of each share; Convert its fully paid-up shares into stock or vice versa, and. Cancellation of shares.

Is it mandatory to alter MOA as per Companies Act 2013?

First of all there is no need to change the MOA under the new act. It is the constitutuion of the Company and it cannot be altered. THere is no need to delete other objects of the company from the exisiting MOA. Only a company registered under the new act is required to follow the format prescribed under the Act.

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