Entrenchment clause in the aoa
This query is : Resolved
16 April 2014
Please advice whether the following entrenchment clause in the AOA is correct.If not can u suggest a specimen.It is most urgently required by me.
The following provisions in the Articles of Association cannot be altered unless unanimously approved by all the members at a duly convened General Meeting:
(a) Any amendment to the Article of Association of the Company or any charge or modification in the rights of the shareholders.
(b) Dissolution, liquidation or winding up of the Company
(c) Commencement of any new business or any diversification from the core business of the Company.
(d) Merger or amalgamation with any other entity or split/division of the Company
(e) Closure of the business or activities of the Company or sale or transfer of any of its undertaking
(f) Entering into any new business
(i) Subscription for or acquisition of any shares, debentures or securities or interest in any , other entity
(j) Sale or disposal of the whole or substantially whole of the undertaking of the business of the company and
(k) Giving Corporate Guarantee for any, person or business.
The following provisions in the Articles of Association cannot be altered unless unanimously approved by all the members at a duly convened General Meeting:
(a) Any amendment to the Article of Association of the Company or any charge or modification in the rights of the shareholders.
(b) Dissolution, liquidation or winding up of the Company
(c) Commencement of any new business or any diversification from the core business of the Company.
(d) Merger or amalgamation with any other entity or split/division of the Company
(e) Closure of the business or activities of the Company or sale or transfer of any of its undertaking
(f) Entering into any new business
(i) Subscription for or acquisition of any shares, debentures or securities or interest in any , other entity
(j) Sale or disposal of the whole or substantially whole of the undertaking of the business of the company and
(k) Giving Corporate Guarantee for any, person or business.
01 May 2014
Dear Sir, on the basis of info provided by you, cited clauses are undoubtedly correct.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- FCRA 6 E- Intimation
- NRI starting business in India
- Cash balance limit and property purchases limit
- Bank details not Visible on Traces Portal
- FORM 141 SDV query
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
