Special Resolution Required?

Dhawal Mohnot (Practicing) (449 Points)

09 April 2010  

Company X is into real estate and other allied activities as its main objects.

 

X is venturing into trading business which would basically include importing of oil/petroleum products and other related commodities.

 

The ancilliary objects reads that the company can enter into other business at any point in time.

 

So then is it required to alter the memorandum of the company in case if this new line is taken up?

 

What are the implications of starting a new line and not intimating the ROC about it.

 

Thanks