Section 17
This query is : Resolved
30 July 2012
is Section 17 of the Companies Act, applicable to change in objects of a company??
30 July 2012
SEC.17- A company may, by special resolution, alter the provisions of its memorandum so as to change the place of its registered office from one State to another, or with respect to the objects of the company so far as may be required to enable it (a) to carry on its business more economically or more efficiently; or
(b) to attain its main purpose by new or improved means; or
(c) to enlarge or change the local area of its operations; or
(d) to carry on some business which under existing circumstances may conveniently or advantageously be combined with the business of the company; or
(e) to restrict or abandon any of the objects specified in the memorandum; or
(f) to sell or dispose of the whole or any part of the undertaking, or of any of the undertakings, of the company; or
(g) to amalgamate with any other company or body of persons.
(b) to attain its main purpose by new or improved means; or
(c) to enlarge or change the local area of its operations; or
(d) to carry on some business which under existing circumstances may conveniently or advantageously be combined with the business of the company; or
(e) to restrict or abandon any of the objects specified in the memorandum; or
(f) to sell or dispose of the whole or any part of the undertaking, or of any of the undertakings, of the company; or
(g) to amalgamate with any other company or body of persons.
30 July 2012
thank u lokesh. i came across a resolution meant to change objects (no change in registered office), wherein Section 17 was referred to.
31 July 2012
Hi
Section 16 and 17 both will be applicable for the same.
Section 16 and 17 both will be applicable for the same.
31 July 2012
Dear Nisha
For changing the object clause check the provision of section 17,18 and 19 for such alteration
For changing the object clause check the provision of section 17,18 and 19 for such alteration
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