The Companies Act, 2013
CHAPTER II: INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO
Section 13: Alteration Of Memorandum
Bare Act
(1) Save as provided in section 61, a company may, by a special resolution and after complying with the procedure specified in this section, alter the provisions of its memorandum.
(2) Any change in the name of a company shall be subject to the provisions of subsections (2) and (3) of section 4 and shall not have effect except with the approval of the Central Government in writing: Provided that no such approval shall be necessary where the only change in the name of the company is the deletion therefrom, or addition thereto, of the word "Private", consequent on the conversion of any one class of companies to another cla… Read the complete text with KanoonGPT Pro.
Explanation using examples
Imagine XYZ Tech Pvt. Ltd., a private company specializing in IT solutions, has been growing rapidly and wants to attract more investments. To do so, the company decides t… Read the complete text with KanoonGPT Pro.
