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A company with 152 members wants to alter its objects clause to enter a new line of business. What is required?
AOrdinary resolution + Regional Director confirmation
BSpecial resolution + Regional Director confirmation
CSpecial resolution at a general meeting
DSpecial resolution + publication in newspapers
Answer & Solution
Correct answer: C. Special resolution at a general meeting
1. Under Section 13, alteration of the Memorandum's objects clause requires a special resolution.
2. Regional Director's confirmation is required only for shifting registered office between states (Section 13(4)).
3. Hence (B).
_Source: ICAI BoS CA Inter Paper 2 — Preliminary_