When a company is not satisfied with its business activity and want to change the objects of the company, it has to be done by passing a Special Resolution at General Meeting with Companies Act, 2013 with the prior approval of ROCs. The company also have to change in name in case it changes its objects and business activities
QusWhat is the procedure to change the object clause?
AnsThe Company can change the business activity by passing the special resolution at the General Meeting.
QusIs it compulsory to pass the special resolution at the General Meeting?
AnsYes, it is mandatory to pass the special resolution at the General Meeting.