Industrial Credit Act, 1933

Alteration of Memorandum and Articles of Association of the Company.

10.—Notwithstanding anything contained in the Companies Acts, 1908 to 1924, no alteration in the Memorandum of Association or Articles of Association of the Company which is, while the Minister holds any shares of the Company, made without the previous approval of the Minister after consultation by him with the Minister for Industry and Commerce, shall be valid and effective.