Who can become a member of a company?

Every Company is comprised of members though in the contemplation of law a Company is an entity distinct from its constituent members. In all important matters a Company can act only through its members. Only members of a Company are entitles to receive a notice of annual and other general meetings,...

Effect of Alteration in Memorandum or Articles

Notwithstanding any thing in the memorandum or articles of a company, no member of the company shall be bound by an alteration made in the memorandum or articles after the due on which he becomes, member, if and so far as the alteration requires him to take or subscribe for more shares than the number held by him at the date on which the alteration is made, or in any way increases his liability...

Alterations, Changes and Modifications of the Articles of Associations

Any alterations, changes, modifications or amendments of the Articles of Associations also require certain statutory steps/measures: a. Resolution of the Board of Directors b. Special Resolution of the Members as per Sec 20 c. Filing of return to the RJSC along altered articles of association through Form-VIII. d. Obtain certified copy of the articles of association along with amendment...

Restriction on Alteration/Amendment of Memorandum

Alteration/Amendment of Memorandum has got some statutory obligations and effect which must not be ignored. Section 10 express that, “a company shall not alter the conditions contained in its memorandum except in the cases and in the mode and to the extent for which express provision in made in the Act....

Alterations, Changes and Modifications of the Memorandum of Associations

Any alterations, changes, modifications or amendments of the Memorandum of Associations require certain statutory steps/measures: Name Clause requires : a. Resolution of the Board of Directors b. Name clearance from RJSC c. Special Resolution of the Shareholders as per sec-11(6) d. Filing of Return to the RJSC through Form-VIII within 15 days as per sec-88 e. Obtain Certified Copy of the Memorandum...

Articles of Association

The Articles of Association is the constitution for internal administration of the Company. The Articles of Association define the company's purpose and lays out how tasks are to be accomplished within the organization, including the process for appointing directors and how financial records will be handled.&nbs...

Memorandum of Association

The Memorandum of Association is the basic constitution of the Company or it lays the foundation of the Company. The Memorandum binds the Company and its member to the extent as if they had been signed and sealed by each member to observe all the provisions of the memorandum and memorandum must be filed with the Registrar. The Memorandum of Association must contain the following clauses according...