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Delete Alternative Choice in the Articles Of Association

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Aug 6th, 2022

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How to Delete Alternative Choice in the Articles Of Association

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Hi there, Nicholas Campion here from 1st Formations, and welcome to another episode of Whiteboard Thursday, where we provide advice on a wide range of business and company matters. If you find this video useful and you enjoy it, please give us a like and share it with your friends and colleagues. But for now, lets get started. Today, I am going to discuss the articles of association, and specifically whether you need them and what their purpose is. Ill also cover what are known as the Model articles, as well as touching on the memorandum of association. So, first things first, does a company need articles of association? Very simply, the answer is yes, all limited companies registered in the UK must have articles of association. This is the main constitutional document of your company, which is first adopted during the incorporation process, and it defines the rules and regulations that the company and its officers are legally required to follow at all times. You can choos

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What is Section 14 of the Companies Act?

(1) For effecting the conversion of a private company into a public company or vice versa, the application shall be filed in Form No. INC. 27 with fee. (2) A copy of order of the competent authority approving the alteration, shall be filed with the Registrar in Form No.

What is the procedure for alteration of AOA?

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.

Can you remove someone as a director?

In many companies, the power to remove a director from office is granted to the board of directors or to a majority of the shareholders under the companys articles of association.

Which form is filed for alteration of MOA?

The Liability Clause in a Memorandum of Association can be altered by passing a special resolution in this regard. Within 30 days of passing the resolution, the company must file an application (Form MGT 14) with the RoC.

How can you alter the articles of association?

Company can alter its Article by way of addition, deletion, modification, substitution, or in any other way, only if it wants. 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.

What is the form for alteration of AOA?

Form MGT-14 is filed with the ROC (Registrar of Companies). At last, you can make necessary changes in all the copies of the AOA.

Which is not necessary for change in the memorandum of association?

For alteration of any of the clauses of memorandum of association, except the capital clause, consent of members by way of special resolution is required. However, in case of alteration of authorised share capital, consent of members by way of ordinary resolution as stated in section 61 is required.

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