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        Companies Law

        Regulation 14 - Memorandum of Association.......

        Companies Regulations, 1956
        Chapter 01

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        Licence conditions insertion: Regional Director may require companies to include specified licence terms in memorandum or articles. Regulation 14 authorises the Regional Director to direct a company to insert specified licence conditions into its memorandum, articles, or both. The supplemental provision allows companies under section 25 to amend their memorandum, with prior Central Government approval, to permit payment of reasonable and proper remuneration to members for services actually rendered, and thereby modifies the existing licence.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                      Provisions expressly mentioned in the judgment/order text.

                          Licence conditions insertion: Regional Director may require companies to include specified licence terms in memorandum or articles.

                          Regulation 14 authorises the Regional Director to direct a company to insert specified licence conditions into its memorandum, articles, or both. The supplemental provision allows companies under section 25 to amend their memorandum, with prior Central Government approval, to permit payment of reasonable and proper remuneration to members for services actually rendered, and thereby modifies the existing licence.


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