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Article in articles of association

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2013 Can a private limited Company have a Article in Articles of Association to call EOGM of the members for approval of allotment of any new shares to be issued by company?
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Ajay Mishra

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Ajay Mishra (Expert)
23 July 2013 Hi

For Public limited company, Board Meeting is sufficient to allotment of shares, no need to take shareholders approval.

The provision of section 81 is not applicable to private limited company.
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