A company was incorporated in December, 2004. Due to an error; regulations relating to the conduct of meetings of members were not included in the Articles of Association submitted by the Company to the Registrar of Joint Stock Companies for registration. How can the members' meeting would be regulated in the absence of such regulations in the company's Articles? Can such regulations be included now in the Articles of Association and, if so, how and what will be the status' of such addition?

Regulations relating to the absence of the Articles

As per Section-18 of Companies Act 1994 the Company will conduct the meeting of its member which shall be governed as per the regulation contained in the "Schedule-L" The company can change the Article of Association by passing a special resolution as contained in Section-20 subject to the limitations as specified in Section-85 and Memorandum of Association.

0 Comments

Post a Comment

Post a Comment (0)

Previous Post Next Post