Section 31 provides that subject to the provisions of the
Act and to the conditions contained in its memorandum, a company may, by special
resolution alter or add to its articles. A printed or type written copy of
every special resolution altering the articles must be filed with the Registrar
within 30 days of the passing of the special resolution.
The right to alter just by passing special resolution
is so important that a company cannot in any manner deprive itself of the power
to alter its articles. Also, the power to reduce or increase the number of
members in the case of a company limited by guarantee without share capital,
from time to time, as given in the articles can be done by a special resolution
of the general body of members. However, in spite of the power to alter its
articles, a company can exercise this power subject to certain limitations.
No comments:
Post a Comment