DRAFT BOARD RESOLUTION FOR ALTERATION IN OBJECT CLAUSE

BOARD-RESOLUTION-ALTERATION-OBJECT-CLAUSE


As the object clause is a part of Memorandum of Association (MOA) of company, hence any change in object clause requires alteration in the MOA. Section 13 of the Companies Act, 2013 deals with the alteration of Memorandum of Association. As per the provisions of Section 13, a company may, alter its MOA with the approval of shareholders in a general meeting by way of ordinary or special resolution as the case may be. Object Clause of MOA can be altered by way of special resolution.

Company can alter its object clause by way of addition on new clause or deletion, modification, substitution of existing clause as the case may be.

DRAFT BOARD RESOLUTION FOR ALTERATION IN OBJECT CLAUSE

RESOLVED THAT pursuant to the provisions of Section 13 and other applicable provisions, if any, of Companies Act, 2013, (including any statutory modifications or re-enactment thereof, for the time being in force), and the rules framed there under, consent of the Board of Directors of the Company be and is hereby accorded, subject to the approval of the Registrar of Companies, ..................... and subject to the approval of Shareholders in General Meeting, to insert following sub clause (..) after sub clause (....) of clause .......... of the Memorandum of Association of Company:
.................................................................................................

FURTHER RESOLVED THAT for the purpose of giving effect to this resolution, Shri ....................... of the Company be and is hereby authorised, on behalf of the Company, to do all acts, deeds, matters and things as deem necessary, proper or desirable and to sign and execute all necessary documents, applications and returns for the purpose of giving effect to the aforesaid resolution along with filing of necessary E-form with the Registrar of Companies.”
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