Dear Sir,
Can any company change its Liability clause?
please confirm.
Menu
Liability clause reg
Replies (3)
A Company can alter its Liability Clause by passing a Special Resolution.
The Company needs to alter its Liability Clause when it changes its form i.e. it converts itself into company limited by shared,company limited by guarantee or unlimited company as applicable.
The Company needs to alter its Liability Clause when it changes its form i.e. it converts itself into company limited by shared,company limited by guarantee or unlimited company as applicable.
Yes liability clause can be altered. Please find extracts from my book - Corporate & Other Laws for CA Inter
Although there is no specific procedure prescribed for alteration of Liability Clause, we can infer form Section 13(1) that the Liability clause can be changed with a Special Resolution.
Section 13(10) further says that the changes are not in effect until it is registered with the RoC. Therefore, the prescribed form is to be filed with the RoC within 30 days from change.
If you are looking for any assistance, feel free to get in touch with LegalWiz.in team at 1800-313-4151 or at support @ legalwiz.in.
Recent Topics :
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
Related Topics :
CAclubindia
