Explanatory Statement u/s 173(2) for change in object clause

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Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2009 sir
how can i write an Explanatory Statement u/s 173(2) for change in object clause of chemtech company to aquasoft company.

Rasesh

Rasesh (Expert)
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30 December 2009 Explain in simple words the reasons for change in object clause of the company. example: The Board of Directors of the Comapny decided that in view of increasing demand for the ___ business and increasing competition and lower margins in chemtech business, the company should venture in the ____ business. At present, the object clause of the company does not provide for doing _____ business. Pursuant to the provisions of the companies act, 1956, the approval of the members is required for amending the object clause so as to include the provisions enabling the company to do the ___ business. and so on .....

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