SECTION 14 OF

COMPANIES ACT-

ALTERATION OF

ARTICLES

SECTION 14 OF COMPANIES ACT- ALTERATION OF ARTICLES

(1) Subject to the provisions of this Act and the conditions contained in its memorandum, if any,

a company may, by a special resolution, alter its articles including alterations having the

effect of conversion of—

(a) a private company into a public company; or

(b) a public company into a private company

(2) Every alteration of the articles under this section and a copy of the order of the Tribunal

approving the alteration as per sub-section (1) shall be filed with the Registrar, together

with a printed copy of the altered articles, within a period of fifteen days in such manner as

may be prescribed, who shall register the same.

(3) Any alteration of the articles registered under sub-section (2) shall, subject to the provisions

of this Act, be valid as if it were originally in the articles.

PROCEDURE FOR ALTERING ARTICLES OF ASSOCIATION

1.Convene and hold a Board meeting

2. On the conclusion of the Board meeting, send to the stock exchanges, where the

securities of the company are listed, particulars of the proposed alteration of the

articles of association of the company.

3.Issue notice of the general meeting along with the explanatory statement, to all the

members, directors and the auditor of the company.

4.Also forward three copies of the notice of the general meeting to the concerned stock

exchanges as per the Listing Agreement.

5.Hold the general meeting and have the special resolution passed.

6. Forward a copy of the proceedings of the general meeting to the concerned stock

exchanges as per the Listing Agreement.

7. File with the ROC, Form MGT – 14

8. Make necessary changes in all the copies of the articles of association of the

company lying in the office of the company.

Ref: http://onlinelawclub.com/alteration-of-articles-of-association-of-a-company/