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 ... Summary
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 
TaxTMI 
