Procedure for Modifications of Rights of the company in the articles of association?

Question

What is the procedure a company must follow before it can implement a variation of class rights when there is modification of rights clause in the articles of association?

Answer 1

1.  Directors Resolutions to convene EGM;

2.  Notice of EGM to all shareholders (with list of amendment in the articles);

3.  EGM held to approve the modication;

4.  Lodge shareholders' resolutions to ACRA;

5.  Paste a copy of the resolutions in every copy of M&A.

But, first thing first, you need professionals to draft out the amendment clauses.