Question

Outline the steps a company must take if it wishes to modify its constitution?

Answer 1

Explanation:

Reviewing constitution:

The first in changing the constitution is to review and check onto current constitution and find if there any condition or requirement that guide to how to change the constitution or follow a rule to change it.

Issue a notice:

second step involve of giving notice to have general meeting of company in which you are going to discuss and passing the resolution. Public and Private company need to follow related guideline to call for general meeting.

General Meeting:

In order implement a new constitution company need to pass a resolution in general meeting and have to get 75% votes of members in favor of passing a new resolution.

Proxy Voting:

The members who were not able to attend the meeting can assign certain person as their proxy to vote on their behalf.