change of object clause
This query is : Resolved
03 November 2010
Dear Experts,
THANKS for the prompt response. It is clear where sec. 17(2) of the Cos. Act says that CLB's confirmation is required for effecting change in the situation of the registered office of the Company. But it is not clear whether subsections 3,4,5,6 & 7 of Sec. 17 are a continuation of subsection 2 alone or are they applicable to changes in both registered office and object clause in general. Kindly clarify.(Urgent)
Binita
THANKS for the prompt response. It is clear where sec. 17(2) of the Cos. Act says that CLB's confirmation is required for effecting change in the situation of the registered office of the Company. But it is not clear whether subsections 3,4,5,6 & 7 of Sec. 17 are a continuation of subsection 2 alone or are they applicable to changes in both registered office and object clause in general. Kindly clarify.(Urgent)
Binita
udit sharma
(Expert)
03 November 2010
Hi....
In my opinion only the approval of the shareholders is required for alteration of the Objects Clause and Sub sections(3)(4), (5) and (6) are an extension of sub-section 2 of section 17 and are not applicable to alteration of the Objects Clause of the MOA.
In my opinion only the approval of the shareholders is required for alteration of the Objects Clause and Sub sections(3)(4), (5) and (6) are an extension of sub-section 2 of section 17 and are not applicable to alteration of the Objects Clause of the MOA.
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