Replace tag in the Articles of Association

Aug 6th, 2022
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How to replace tag in the Articles of Association

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[Music] this is a la gaming dear caller like daniels popularly known as deacon specta and this is another episode of dear paw talks law and on todays episode we are going to be talking about articles of association definitely this company learning but then were going to be talking about articles of association but before we talk about those articles of association if you are new on my channel or this is not your first time whenever you have not subscribed please i beg you in the name of jesus christ allah and any other thing that i believe make sure you subscribe to my channel like my videos and support your boy do this okay now let us move on now um if this is your first time or watching this video and we really want to learn about articles of association um note that there is another video where i discuss about um alteration of memorandum now it is very very pertinent that you watch that video and understand your tradition of memorandum before you can understand articles of associa

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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)] Procedure for Alteration of Articles of Association (AOA) - Lawrbit lawrbit.com companies-act-procedures al lawrbit.com companies-act-procedures al
If the minority shareholder holds less than 25% shares, a vote can take place and so long as there is a 75% majority, the company can pass a special resolution to wind up the company. If the company is still solvent then you will need to start the members voluntary liquidation process.
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. PROCESS OF ALTERATION IN Article of Association - ICSI icsi.edu media filerpublic 548proces icsi.edu media filerpublic 548proces
There are inexpensive shareholder agreement templates readily available on the internet, but it is essential to understand that a shareholder agreement is legally binding. Getting this document correct is vital, and the expertise of a solicitor can help you avoid disputes and issues further down the track.
Thirdly, a shareholders agreement can be terminated if one of the shareholders want to leave the company. In this case, there will be certain provisions in the shareholders agreement to map out what should happen in this scenario. We have a proven track-record of dealing with the termination of shareholder agreements.
All shareholders must sign the updated agreement to validate its enforceability, and having a third-party witness the signatures can provide an extra layer of assurance. It is essential to retain a copy of the updated agreement for future reference and ensure all shareholders are aware of its provisions.
Process of amending shareholder agreement Provisions in a shareholders agreement can be amended by simply having the shareholders agree to the terms of the amendment in writing. Shareholders do not need to sign an entirely new agreement to make an amendment. They can simply sign a deed of variation. Shareholders Agreement 101: Amending the Agreement (Part 9/10) zegal.com blog post amending-the-agreement zegal.com blog post amending-the-agreement
Passing a written resolution The quickest and easiest way to change the articles of association is by written resolution. This is the preferred option for many companies, because it removes the need to arrange and attend a general meeting, which is not always convenient or practical in every situation. How to Change Your Companys Articles of Association 1st Formations blog change-article 1st Formations blog change-article

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