Restriction on alteration in the Memorandum and Articles of a charitable company licensed u/s 8

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Section 8(4)(a) provides that a company that has received a licence under the section, shall not alter the provisions of its Memorandum as regards its objects except, with the previous approval of the Central Government [Powers delegated to the Registrar of Companies by Notification No. 1353(E), dated 21st May, 2014 except for alteration of memorandum in case of conversion into another kind of company which has been delegated to the Regional Directors vide Notification No. SO 4090(E), dated 19-12-2016, w.e.f. 19-12-2016]. If the company contravenes the above provisions, the Central Government may revoke the licence granted to such company.

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