Can a company in respect of which licence under section 25 is in force can alter the provisions of its memorandum with respect to its objects ?
A company in respect of which a licence under section 25 is in force can change its memorandum with respect to its objects only with the previous approval of the Central Government obtained in writing. The Central Government may revoke the licence of such a body if the alteration is made without its approval. But at least formal procedures are there for alteration in the memorandum or association. It is not that rigid like a trust, where a deed cannot be changed.
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