Companies act,1956
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2011
In terms of Companies Act,1956,please explain the meaning of:
1. Constitution of a Company
2. Change in the Constitution of a Company.
1. Constitution of a Company
2. Change in the Constitution of a Company.
Hari Beldona
(Expert)
03 December 2011
These are the most important documents that you will submit to the ROC. The Memorandum sets out the constitution of the company (name of the company, the nature of liability of its members), and includes its objects (the purpose of the formation of the company, the parameters within which it has to carry out its activities etc). The company cannot do any act that is outside the object for which it is formed, even if all the shareholders approve it unanimously. The Articles of Association are the rules and regulations for managing the company’s internal affairs and for achieving its specified objects and purposes.
If you want to change the name of the company or object of the company etc in Memorandum and any change in the articles of association as per the Companies Act, 1956 is called change in constitution
If you want to change the name of the company or object of the company etc in Memorandum and any change in the articles of association as per the Companies Act, 1956 is called change in constitution
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