GOCL Corporation to relocate office, amend articles of association
GOCL Corporation Limited's board of directors, in a meeting held on October 6, 2025, approved several key proposals. These include shifting the company's registered office from Telangana to Andhra Pradesh, pending shareholder and Central Government approvals. Additionally, the board sanctioned amendments to the company's Memorandum of Association (MoA) to align with the Companies Act, 2013, which also requires shareholder approval. A postal ballot will be conducted to obtain the necessary shareholder consent for these proposals.
The proposed amendments to the MoA involve restructuring Clause III, the 'Objects Clause', into two sub-clauses: "The objects to be pursued by the Company on its incorporation are" and "Matters which are necessary for the furtherance of the objects specified in Clause III(A) are." Furthermore, Clause IV, pertaining to the liability of members, will be updated to state, "The liability of the member(s) is limited and this liability is limited to the amount unpaid, if any, on the shares held by them." The company's current share capital stands at Rs. 46,08,55,020, divided into 23,04,27,510 Equity Shares of Rs.2/- each.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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