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3. XYZ Company, by passing special resolution in its general meeting, makes alteration in its objects. However, the company did not obtain the permission from

3. XYZ Company, by passing special resolution in its general meeting, makes alteration in

its objects. However, the company did not obtain the permission from the Court for the

alteration. Is this alteration valid? Give reasons by describing the clauses as well as

alteration process of memorandum of association. (10 marks)

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