A company registered under section 8 of the Act as "ABC Sports Club" wants to do the following - Advise the company on the course of action. (a) ABC Sports Club decided to alter its Articles of Association. (b) Decided t
CS Executive · Company Law · PYQS · December 2018
A company registered under section 8 of the Act as "ABC Sports Club" wants to do the following - Advise the company on the course of action. (a) ABC Sports Club decided to alter its Articles of Association. (b) Decided to admit AB & Co. a partnership firm into the company as members.
Answer & Explanation:
(a) According to Section 8(4) of Companies Act, 2013, a company registered under Section 8 shall not alter the provisions of its Memorandum or Articles of Associations except with the previous approval of the Central Government. The power to grant such approval has been delegated to the Regional Director having jurisdiction. Hence, ABC sports club can alter its Articles only with the prior approval of the Central Government. (b) According to Section 8(3) of Companies Act, 2013, a firm may be a member of the company registered under Section 8. Hence, ABC Sports club can admit firm AB to Co. a firm as a member of the company registered under this section.
Topics: Companies Registered Under Section 8
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