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Commerce · Q367

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 367

Q367

When the Articles of Association does not authorise the change in the capital, then in order to alter the capital of a company:

A.
Table 'A' should be adopted
B.
Articles should be altered
Answer
C.
Permission of the Registrar of Companies should be obtained
D.
Permission of the company Law Board should be obtained

Answer: Option B

Solution

Answer: Option B
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