Section 5 of CA 2013 : Section 5: Articles

Explanation using Example

Imagine a group of entrepreneurs are setting up a tech startup, 'InnovateX'. They are in the process of registering their company under the Companies Act, 2013. They draft their company's articles of association, which detail how InnovateX will be run, covering aspects such as the appointment of directors, the conduct of board meetings, and the issuance of shares.

While drafting the articles, they decide to include a provision (entrenchment clause) that requires a higher threshold for altering certain clauses of th...

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