Procedure for alteration of objects clause of Memorandum of Association of a company
Step I
Holding a Board Meeting
Hold a Board Meeting to consider alteration of objects clause of Memorandum of Association and call an Extraordinary General Meeting to pass a special resolution under section 17 of the Companies Act 1956 approving the alteration of objects clause of Memorandum of Association.
Step II
Holding Extraordinary General Meeting of the Company
Hold the Extraordinary General Meeting of the company at the scheduled time and place and pass the resolution for alteration of objects clause of the Memorandum of Association.
Step III
Filing of Form No. 23 with Registrar of Companies
A copy of the special resolution passed at the general meeting of the company is to be filed with the Registrar of Companies with form no. 23 within one month of the date of the general meeting together with following attachments.
a. Copy of Special resolution
b. Notice calling the general meeting together with explanatory statement.
c. Altered Memorandum of Association.
After approval of the form no.23 a certificate of registration of the alteration will be despatched at the registered office of the company.