Question

For an Assisted Society proposing to amend bye‑laws impacting share capital, what additional step is typically required under Rule 13(1) of KCS Rules?

• A. Obtain prior approval from the funding/sponsoring authority in addition to the Registrar
• B. File a special resolution with the Registrar of Companies.
• C. Conduct an extraordinary general meeting to get shareholder consent.
• D. Submit audited financial statements for the last three years.

Answer 1

Answer:

A. Obtain prior approval from the funding/sponsoring authority in addition to the Registrar

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