Question

Justify the following statement.

The contents of the Articles can be altered

Answer 1

(l) The definition of ‘Articles of Association’ permits its alteration from time to time whenever found necessary. However, the proposed alteration must be subject to the provisions of the Companies Act and the conditions contained in the Memorandum.
The alteration must be approved by passing a Special resolution in general meeting. Alteration in the articles binds the members as original articles.
(2) A company can alter the contents of Articles in the following ways:
(i) By adopting a new set of an article.
(ii) By deleting unwanted contents from the articles.
(iii) By the addition of new content.
(iv) By substitution of contents.
(v) By the amendment of contents.