CS Executive · Company Law and Practice · Memorandum and Articles of Association and its Alteration
Meghdoot Services Ltd files a special resolution altering the objects clause of its memorandum. Within what period must the Registrar register the alteration and certify the registration, and from when does the alteration take effect?
The Registrar must register an alteration of the objects clause and certify registration within thirty days from the date of filing the special resolution. The alteration has no effect until it has been registered, so passing the resolution alone does not make it operative.
- AWithin sixty days of filing; effective on passing of the resolution
- BWithin thirty days of filing the special resolution; no effect until registeredCorrect
- CWithin fifteen days of filing; effective on board approval
- DWithin ninety days of filing; effective on publication in a newspaper
Explanation
Section 13(9) requires the Registrar to register an alteration of the objects and certify the registration within thirty days from the date of filing the special resolution. Section 13(10) states that no alteration under the section has any effect until it is registered. The sixty-day period relates to the Central Government's disposal of a State-shift application.
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