Special resolution required for adopting a new set of articles; explanatory statement must disclose material alterations. A company may adopt an entirely new set of regulations in place of existing regulations only by passing a special resolution; the proposed new regulations must form part of that special resolution and the explanatory statement annexed to the notice of the general meeting must set out all material facts concerning the proposed alterations.
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.
Special resolution required for adopting a new set of articles; explanatory statement must disclose material alterations.
A company may adopt an entirely new set of regulations in place of existing regulations only by passing a special resolution; the proposed new regulations must form part of that special resolution and the explanatory statement annexed to the notice of the general meeting must set out all material facts concerning the proposed alterations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
