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TMI BlogAlteration of memorandumX X X X Extracts X X X X X X X X Extracts X X X X ..... e subject to the provisions of sub-sections (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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itself that the alteration has the consent of the creditors, debenture-holders and other persons concerned with the company or that the sufficient provision has been made by the company either for the due discharge of all its debts and obligations or that adequate security has been provided for such discharge. (6) Save as provided in section 64, a company shall, in relation to any alteration of i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... raised money from public through prospectus and still has any unutilised amount out of the money so raised, shall not change its objects for which it raised the money through prospectus unless a special resolution is passed by the company and- (i) the details, as may be prescribed, in respect of such resolution shall also be published in the newspapers (one in English and one in vernacular lang ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red in accordance with the provisions of this section.
(11) Any alteration of the memorandum, in the case of a company limited by guarantee and not having a share capital, purporting to give any person a right to participate in the divisible profits of the company otherwise than as a member, shall be void.
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