Procedure of alteration of Memorandum of Association:
1.Alteration in the Name clause of Memorandum: A company can change its name by passing a special resolution and by obtaining a written approval of the central government.
2.Alteration of Situation Clause:
a.By passing a special resolution and by obtaining sanction of the registrars of both the states if the office is to be shifted one state to another.
b.By passing a special resolution only if the office is to be shifted from one town to another in the same state.
c.By passing an ordinary resolution if office is to be shifted from one locality to another within the same town.
3.Alteration of Object clause:In order to alter its
object clause,a company must pass a special resolution and obtain the permission of the Company Law Board.
4.Alteration of Liability Clause:If a company wants to make an alteration in its liability clause then it must pass a unanimous resolution in a meeting of its members.
5.Alteration of Capital Clause: A company can alter its capital clause by passing a special resolution and by obtaining the approval of Company Law Board.
