Alteration of memorandum: special resolution and registration required, name or office shifts need governmental approval and filings. Alteration of a company's memorandum requires a special resolution and registration by the Registrar to take effect; changes of name need Central Government approval except minor 'Private' changes, and a fresh certificate of incorporation is issued on registration. Transfer of registered office between States requires Central Government approval after safeguard of creditors and may trigger filing of the approval with Registrars of both States. Companies that raised public funds cannot change their objects without a special resolution, prescribed disclosure and an exit route for dissenting shareholders; certain alterations in guarantee companies that confer profit participation rights are void.
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Alteration of memorandum: special resolution and registration required, name or office shifts need governmental approval and filings.
Alteration of a company's memorandum requires a special resolution and registration by the Registrar to take effect; changes of name need Central Government approval except minor 'Private' changes, and a fresh certificate of incorporation is issued on registration. Transfer of registered office between States requires Central Government approval after safeguard of creditors and may trigger filing of the approval with Registrars of both States. Companies that raised public funds cannot change their objects without a special resolution, prescribed disclosure and an exit route for dissenting shareholders; certain alterations in guarantee companies that confer profit participation rights are void.
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