Section 25
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2013
Sir/Ma'am,
I require your advice for the following,
1)May i please know the procedure for adding objects in the object clause of memorandum of a section 25 company.
2)Is there any difference in the procedure of doing the above in a section 25 company as compared to other companies, except for that it
requires approval from central Govt.
3)What all forms have to be submitted with MCA for doing the same.?form 24A/23/65??
I require your advice for the following,
1)May i please know the procedure for adding objects in the object clause of memorandum of a section 25 company.
2)Is there any difference in the procedure of doing the above in a section 25 company as compared to other companies, except for that it
requires approval from central Govt.
3)What all forms have to be submitted with MCA for doing the same.?form 24A/23/65??
26 February 2013
Hi
• RESTRICTION ON ALTERATION OF MEMORANDUM AND ARTICLE OF ASSOCIATIONS
A company licensed under this section can not alter any provisions of its memorandum in respect of its objects, except with the previous approval of the Central Government(now ROC). If the alteration comes within any of the clause of sub-section (1) of section 17, the provisions of that section must be complied with inter alia, by obtaining the approval of CLB.
The Regional Director (now ROC) exercising the power of Central Government had while issuing the licence to the company under section 25 of the Companies Act, 1956, may provide that no amendment shall be made to the Memorandum and Articles of Association of thecompany without the prior approval of the Central Government, {C.R. Singhania Vs Garware Club House (2003) 57 CLA 422(Bomb)}
• RESTRICTION ON ALTERATION OF MEMORANDUM AND ARTICLE OF ASSOCIATIONS
A company licensed under this section can not alter any provisions of its memorandum in respect of its objects, except with the previous approval of the Central Government(now ROC). If the alteration comes within any of the clause of sub-section (1) of section 17, the provisions of that section must be complied with inter alia, by obtaining the approval of CLB.
The Regional Director (now ROC) exercising the power of Central Government had while issuing the licence to the company under section 25 of the Companies Act, 1956, may provide that no amendment shall be made to the Memorandum and Articles of Association of thecompany without the prior approval of the Central Government, {C.R. Singhania Vs Garware Club House (2003) 57 CLA 422(Bomb)}
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