Articles of association.

Gargi Ranade (CS) (619 Points)

10 November 2012  

Dear All,

I understand that Articles of Association , generally prescribes the Authorised Share Capital of the company.

but If Articles state that Authorised share capital of the Company will be as per Clause V of the Memorandum of Association of the Company.

Whther same will be in contravention to any provision of the companies Act ,1956.

We wish to make this change, so as to avoid passing of special resolution at the time, each  change in the authorised share Capital.  

Please guide me on the issue.