What does entrenchment of articles exactly mean?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2017
If i want to incorporate public non-government company with 7 members then I have to file Spice Form. But I also want to change AOA all together means my company have its own interpretation, own share capital description and so on. whether it will be entrenchment of Articles or not ? Anyone please clarify it, it's very urgent.
09 October 2017
An entrenched/ entrenchment provision is provision that makes the current level of provisions more stringent/difficult to follow. The articles may contain provisions for entrenchment to the effect that specified provisions of the articles may be altered only if conditions or procedures as that are more restrictive than those applicable in the case of a special resolution are met or complied with.
However , regulations in the articles of entrenchment cannot override the provisions of the Companies Act, 2013 and rules made thereunder
However , regulations in the articles of entrenchment cannot override the provisions of the Companies Act, 2013 and rules made thereunder
Message likes :
1 times
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
- Opting our of sec 44AD
- Copyright software
- Transporter Declaration form
- Multiple trade mark
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Form 121 & TDS deduction
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
