Question

Write short notes on the following :
Alteration procedure of Articles of Association.

Answer 1

Following are the procedure for alteration of Articles of Association:-

Company by special resolution alters its Article including alterations of Public Company into Private Company or vice versa, for effecting such conversion an application shall be filed in Form No. INC 27 with fee. No alteration of converting a public company into private company shall take effect unless approved by the central government.

Alteration once approved by the Central Government, the printed copy of such approval shall be filed in Form No. INC 27 with Registrar of Company within one month of the date of receipt of the order of approval.