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    Admin posted in the group CA Inter Law Discussion Group

    1 year, 2 months ago

    Namita Ceramic Goods Limited having 152 members was incorporated
    with the main objects to manufacture ceramic goods, glazed, unglazed
    floor and wall tiles, etc. and to carry on trading in such products. After
    three years of successful operation, it wants to diversify its business by
    entering into the field of manufacturing electronic goods for which it is
    required to alter its objects clause. Advise the company in relation to
    alteration of Memorandum.

    (a) The company can alter its Memorandum of Association by
    passing an ordinary resolution and getting it confirmed by the
    Regional Director (RD).

    (b) The company can alter its Memorandum of Association by
    passing a special resolution in the shareholders’ meeting.

    (c) The company can alter its Memorandum of Association in relation
    to the objects clause by passing a special resolution in the
    shareholders’ meeting and getting it it confirmed by the Regional
    Director (RD).

    (d) The company can alter its Memorandum of Association in relation
    to the objects clause by passing a special resolution in the
    shareholders’ meeting and simultaneously publishing the
    contents of special resolution in two newspapers (one in English
    and the other one in vernacular language) circulating in that area

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