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How to fix code in the Articles of Association

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hello everyone for this video we are going to discuss about the crime of illegal associations as defined and penalized under article 147 of the revised penal code article 147 legal associations the penalty of passion collectional in its minimum and medium periods and a fine not exceeding 200 000 pesos shall be imposed upon the founders directors and presidents of associations totally or partially organized for the purpose of committing any of the crimes punishable under this code or for some purpose contrary to public morals mere members of said associations shall suffer the penalty of arasto mayor dissecting the provision illegal associations are either those totally or partially organized for the purpose of committing any of the crimes under the revised penal code or they may be those totally or partially organized for some purpose contrary to public morals so as you can see here there are two kinds of legal associations as defined in article 147 to repeat they are those totally or p

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What is the 3 steps for alteration in articles of association?

Hold a board meeting to discuss and prepare the proposed resolution, and agree to call a general meeting. Send notice of the general meeting to all eligible members at least 14 days in advance. You must also provide details of the proposed resolution, including an overview of the changes and a copy of the new articles.

What is the procedure for change in AOA?

Following Procedure is to be followed Convene a Meeting of Board of Directors [As per Section 173 Secretarial Standard (SS-1)] Convene General Meeting [Section 96, 100 and Secretarial Standard (SS-2)] Filing of Form MGT-14 with ROC [Section 117] Alteration of Articles to be noted in every copy [Section 15(1)]

How do I amend an article of association?

The director must obtain a quorum to approve the proposal and submit a resolution to the shareholders to amend the companys articles. At the meeting, the board must agree to the resolutions wording and present it to the shareholders. In most cases, this requires a simple majority of the board.

What is the process for alteration of articles of association?

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.

What is the format for alteration of MOA?

Changes to MOA objects clause must be filed using form MGT-14 within 30 days of the passing of Special Resolution along with the approved fees and the following attachments: Notice related to EGM. Sanctioned True copy related to Special Resolution. Changed Memorandum of Association.

What are the three articles of association?

The articles of association will include a companys name, its purpose, its share capital, how it is organized, and how shareholders meetings will be conducted. This information will include the names of founders and original shareholders.

How do I amend articles of association Companies Act?

A company may modify, delete or add any article in the following manner: Step 1: Board of Directors Meeting. Convene a meeting of the Board of Directors following Section 173 and Secretarial Standard (SS-1). Step 2: Convene General Meeting. Step 3: File Form MGT-14 with ROC. Step 4: Effect of AOA Amendment.

Can articles of association be altered?

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

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