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What is the consequence of an order under Section 242 that alters the memorandum or articles of a company?
  • a)
    The company can alter its memorandum or articles without any restrictions.
  • b)
    The company cannot alter its memorandum or articles without Tribunal's permission.
  • c)
    The company must notify all shareholders of the alteration.
  • d)
    The alteration has no legal effect on the company's operations.
Correct answer is option 'B'. Can you explain this answer?
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What is the consequence of an order under Section 242 that alters the ...
When an order under Section 242 alters the memorandum or articles of a company, the company's power to alter them without the leave of the Tribunal is restricted. The company must obtain permission from the Tribunal to make any further alterations inconsistent with the order.
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What is the consequence of an order under Section 242 that alters the memorandum or articles of a company?a)The company can alter its memorandum or articles without any restrictions.b)The company cannot alter its memorandum or articles without Tribunal's permission.c)The company must notify all shareholders of the alteration.d)The alteration has no legal effect on the company's operations.Correct answer is option 'B'. Can you explain this answer?
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What is the consequence of an order under Section 242 that alters the memorandum or articles of a company?a)The company can alter its memorandum or articles without any restrictions.b)The company cannot alter its memorandum or articles without Tribunal's permission.c)The company must notify all shareholders of the alteration.d)The alteration has no legal effect on the company's operations.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the consequence of an order under Section 242 that alters the memorandum or articles of a company?a)The company can alter its memorandum or articles without any restrictions.b)The company cannot alter its memorandum or articles without Tribunal's permission.c)The company must notify all shareholders of the alteration.d)The alteration has no legal effect on the company's operations.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the consequence of an order under Section 242 that alters the memorandum or articles of a company?a)The company can alter its memorandum or articles without any restrictions.b)The company cannot alter its memorandum or articles without Tribunal's permission.c)The company must notify all shareholders of the alteration.d)The alteration has no legal effect on the company's operations.Correct answer is option 'B'. Can you explain this answer?.
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